Easily Delete Formulas to the Corporate Guarantee

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How to Delete Formulas to the Corporate Guarantee

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hello and welcome to this excel tips video Im so mad pencil and in this video Im going to show you how to quickly remove the formulas from Excel but keep the data so here I have the data for these companies I have the revenue number expense and I have the net income value which is calculated by subtracting expense from revenue if you have a look at the formula it is this L minus this and thats the same case for all these now what I want to do is remove the formula but still keep the net income value and its really easy you simply select this entire data set you copy this then right click and go to paste special and here in the paste special dialog box you have the value option as soon as you click on value and click OK it is going to paste the values only and the formula would go away so now when I click OK see what happens now when I select this cell you can see that the formula bar only shows the value and not the formula because the formula has gone let me also show you another

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What is the treatment of bank guarantee in accounts?

By furnishing the Bank Guarantee, the buyer binds itself with the seller that it has an implied commitment to fulfill the terms and conditions of the agreed contract. If it fails to comply with the same, the bank will honor it. The party to whom the BG is given cannot go to its bank and en-cash.

What kind of liabilities does a bank guarantee?

Types of Bank Guarantees A bank guarantee can be either financial or performance-based in nature. In a financial bank guarantee, the bank will guarantee that the buyer will repay the debts owed to the seller.

What is the entry for bank guarantee charges?

No entry is passed for issue of a bank guarantee. Bank guarantee is a contingent liability, hence shown in notes to accounts in financial statements.

What type of asset is a bank guarantee?

A Bank Guarantee is an undertaking by the Bank that payments to your customers and suppliers will be met, without tying up working capital. The Bank holds your cash or assets as security for the guarantee. You provide your supplier with the guarantee instead of cash.

What is the accounting treatment of bank guarantee?

Issuance of Bank guarantee is a secured transaction as the client needs to mortgage the properties and cash in the form of FDR for issuing of same. The bank will not give guarantee without securing itself. BG is shown as contingent liability in the notes of account in balance sheet.

What is corporate guarantee?

A corporate guarantee is a contract between a corporate entity or individual and a debtor. In this contract, the guarantor agrees to take responsibility for the debtors obligations, such as repaying a debt.

What does it mean to discharge a guarantee?

A guarantor may be discharged if the lender and the borrower enter into a binding agreement to extend the time for performance by the borrower of its obligations under the principal contract. Release of the borrower. An absolute release of the borrower by the lender will release the guarantor.

How do you calculate fair value of financial guarantee?

The Fair value of guarantee will be the present value of the difference between the net contractual cash flows under the loan, and the net contractual cash flows that would have been required without guarantee.

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