There is a complete guide on Property, Plant and Equipment in IAS 16. The treatment is same both under IASB and US GAAP. Following example will help you understand the practical approach on how to record the tangible fixed assets…
In installment sales, the seller keeps the title of the asset with itself and the buyers get possession of the assets. But, in order to protect its interest, the seller needs to do something sufficient to reduce the chances of defaults…
As with anything, there are associated disadvantages or drawbacks. We can call them as limitations as well. The common drawbacks are as follows: The installment sales is a valid contract between buyer and the seller whereby the sellers transfer the…
There are various advantages in installment sale transactions for both the buyer and the seller. In developing countries where people cannot afford assets by making a lump sum payment, this mode of asset acquisition is awesome. Some of them are:…
