09:51 May 2, 2018 |
Russian to English translations [PRO] Bus/Financial - Accounting | |||||||
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| Selected response from: The Misha Local time: 02:50 | ||||||
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eliminations ledger Explanation: https://docs.microsoft.com/en-us/dynamics365/unified-operati... |
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the accounts of mutual settlements on settlement accounts Explanation: These amounts were "suspended" on the accounts of mutual settlements on settlement accounts with other counterparties |
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... these amounts remained in the transaction subaccounts for payments to other parties Explanation: This is what I THINK ("think" being the operative word) happened here: the party being described had separate subaccounts under a more general account for booking payments to its contractual counterparties (whatever reason they had for handling it this way, that's beyond the scope). They booked their custom clearance costs in these particular subaccounts rather than in a specific "Customs Clearance" account or what not. Under GAAP, this wouldn't be a big deal since though it is a misclassification, yes, it would still be an allowed cost for tax purposes, so it wouldn't result in any changes in one's tax liability or affect any of the performance ratios, so no one would really give a hoot. Under the Russian Accounting Standards, I assume, this is something they take you out the back door and shoot you in the head for, or do they? |
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