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Sir in question no 3 As per the concept Why they didnt give entry for ESOS outstanding a/c on 31st march 20X1. Just They simply entry jounal as like single accounting year in the question.
Answers (4)
Sudha Reddy
Question asks for journal entries for the year ended 31/3/X3 only
Please read questions carefully
Sudha Reddy
Question asks for journal entries for the year ended 31/3/X3 only
Mam thats 31/3/X2 But my question we need to show the fair value amount as ESOS OUTSTANDING a/c which is amortized over vesting period on 31st march 20X1 ( exercise date or closing date whichever is earlier ) By way of above concept the answer should be given as ESOS OUTSTANDING a/c but in book its shows as "employee compensation expenses a/c" I hope you get my point. And i think the question might be worngly stated garnt date as 1-1-20X1 instead of 1-1-20X2
