Forums

As 16

Accountancy

answered 12 hrs ago

Is my understanding correct? Maximum amount that can be capitalised to cost of asset is to the extent of NRV Hence only5k is capitalised

latest answer

Yes

Krishnan K

Krishnan K

CA Inter

5K+

1

44

AS 10 - Trade and Cash Discounts

Accountancy

answered 12 hrs ago

Are settlement discounts considered as Cash Discounts? Would a discount for full payment at the time of completion of sale also be a Cash Discount? How do we treat it as per AS-10

latest answer

No

Vishnu

Vishnu

CA Inter

21K+

3

27

Financial Statements - Illustration 2

Accountancy

asked 1 day ago

Hi Sir, As You were explaining about the Reissue of Forfeited Shares of above mentioned illustration, it is being mentioned in the Question that The reissue has been done at the Rs. 90, however, the face value of share is Rs. 100. Therefore, I request your kind self to explain about the legibility of Issuing forfeited share less than Face Value.

latest answer

No answers yet!!

Aakash Raj

Aakash Raj

CA Inter

0

0

21

Ca inter

Accountancy

answered 2 days ago

Amalgmation page no13.78 in Q.13 while calculating capital employed ,effect of mutual owing has not been taken but in calculating net asset that effect is taken??

latest answer

Pls share the question as well.

Pooja Chavan

Pooja Chavan

CA Inter

0

1

38

Consolidated fS

Accountancy

answered 2 days ago

How to treat preliminary expenses in the consolidated balance sheet.

latest answer

Write off.

Gayathri Nambiar

Gayathri Nambiar

CA Inter

2K+

1

44

Consolidation

Accountancy

answered 1 day ago

In balance sheet b4 revaluation y u have considered loans and advances as assets General we use to assume it as liabilities only Kindly explain me plz

latest answer

Loan means the company has taken loan from bank, financial institutions etc. So it will be shown under liability. Loans & advances means it is given by company to subsidiaries, employees, financial institutions etc. which can be shown as asset in the balance sheet.

nive krish

nive krish

CA Inter

255

1

38

Debentures in Amalgamation

Accountancy

answered 2 days ago

I am little confused when debenture arises in amalgamations.. can anyone say whether debentures shall include in purchase consideration ? And wherever the debentures shall include ?

latest answer

If debentures are given to shareholders - then part of purchase consideration If debentures are issued to settle the existing debenture holders - not a purchase consideration.

Jashvanth.K

Jashvanth.K

CA Inter

5K+

1

35

Whether to complete all AS SERIES once then move to other chapters?

Accountancy

answered 2 days ago

Sir Whether to complete all AS SERIES once then move to other chapters?

latest answer

Sure Sir,, Thank you..!

GOKUL KOLATE

GOKUL KOLATE

CA Inter

660

6

54

As 1

Accountancy

answered 1 day ago

What is the context of ICD here…what does that mean What is non provision interest ? Can someone explain this qsn in simple language..

latest answer

ICD - Any amount received by a company from another company falls under the category of ICDs. These are unsecured short-term loans provided by one corporation to another Non provision interest - Company is not paying interest

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

710

1

48

As1

Accountancy

asked on 18-Apr-24 08:17

If there is permanent reduction Then it should go to pl Why provision created ?

latest answer

No answers yet!!

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

710

0

34

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