Regarding eps

answered on 18-Feb-25 14:33

Sir in icai study material comprehensive question 9 chapter eps during calculation of eps we should take bonus share as 5lakhs ×12/12 as there is no increase in resource or further issue before issue of bonus

latest answer

Yes

Surya Kiranmayee

CMA Inter

★ 0

4

97

Incorporation of branch accounts

answered on 18-Feb-25 14:37

Hii sir... I have a doubt regarding ...why the expenses are credited in the books of branch sir? Could you please explain it?

latest answer

When you close nominal account during preparation of P&L We pass entry P&L Dr. To Expense Same logic is applied when we transfer expenses to HO Books Dr. HO books Cr. Expenses Expenses have debit balance. We are just closing the ledger.

Janani Nithiyamoorthi

CMA Inter

★ 0

1

61

Treatment of interim divident

answered on 10-Feb-25 09:05

Is interim dividend an adjusting or non adjusting event?

latest answer

The dividend was declared after the reporting period, it is a non-adjusting event.

Labdhi Jain

CA Inter

★ 180

1

68

Cash sale

answered on 10-Feb-25 09:07

What is the cash sale? detailed explanation

latest answer

The buyer pays immediately after receiving goods or services.

Rishana Ramees

CMA Inter

★ 0

1

60

Account

answered on 07-Feb-25 17:13

In a partnership account -1 the balance sheet in the question is given: Liabilities Sundry creditors:20000 Capitals: A:30000 B:20000 Assets: Sundry debtors:12000 Cash in hand: 3000 Stock:15000 Furniture:10000 Plant and machinery: 30000 Adjustments A,B are capitals C admitted and bought capital of 15000 And goodwill of 5000 for 1/6th share 2. The value of stock reduced by 10% and plant and machinery are appreciated by 10% 3. Furniture is revalued at 9000 4. Provision for doubtful debts is to be created on Sunday debtors at 5 % and rs. 200 is to be provided for an electriciry bill 5. Investment worth 1000( not mentioned in the balance sheet) is to be taken into account 6. A Creditor of rs.100 is not likely to claim his money and is to be written off How and where to written all these amongst revaluation account and partnership account and cash account balance sheet

latest answer

what is your doubt here?

HamsaLekha Tipparaju

CMA Foundation

★ 0

1

89

....

answered on 07-Feb-25 13:29

Sir, In the question it clearly said that, Anual rentals are 6lacs per 3years = 18lacs and Residual value guaranteed by Lessee is 2Lacs Total amount paid by Lessee to Lessor = 20lacs At the end of the 3rd year Lessor must get 20lacs where other 3lacs are Unguaranteed. As if we calculate present value, we got net investment as 17,96,980. I'm not understanding that what does Lessor get at the end of 3rd year... Will he get amount of 20lacs Or 17,96,980/- If get 17,96,980 at end of 3rd year... Then, what will happen to difference of 20lacs and 17,96,980 i.e 2,03,020/- Unearned finance income =5,03,020 include of 3lacs of Unguaranteed residual value 5,03,020-3, 00,000=2,03,020..????

latest answer

The total amount received by lessor is 18 lacs and 2 lacs. The difference is accounted as interest income.

Venkatesh Arva

CA Inter

★ 2K+

1

62

Doubt

answered on 28-Jan-25 14:20

Please explain how to solve this

latest answer

You can ask questions specific to CA/CMA

Shridhara H U

CA Inter

★ 550

1

111

AS 26 INTANGIBLE ASSETS

answered on 24-Jan-25 12:03

Why goodwill is not covered under AS 26 , As it is also a intangible asset.

latest answer

Because it cannot be separated and sold. For AS 26, intangible asset must be separable.

Venkatesh Arva

CA Inter

★ 2K+

1

96

as 12

answered on 31-Jan-25 10:16

sir second question specifically stated that assuming that the company did not charge any depreciation for the year 2019-20. but solution was stating that considered refund of grant at beginning of June month and depreciation for two months already charged. Alternative answer considering otherwise also possible. why did the solution is assuming another when question clearly states sir i didnt considered 2 months depreciation as per the question so will my answer is correct

latest answer

the company has not charged. Now we need to charge

N.V Karthikeyan

CA Inter

★ 1K+

5

106

as 12

answered on 27-Jan-25 23:48

sir in refund of grants under deferred gov grant we need to depreciate the asset normally and in proportion to that we charge the deferred gov grant so if we are treating it as normal depreciation we would also deduct the residual value right sir but in this video we didnt why sir cuz we did the same question but in this case rather than cost reduction thats the only different so the residual value is there right sir which is 4l

latest answer

yes sir thank you sir.

N.V Karthikeyan

CA Inter

★ 1K+

4

65