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AS 18
Accountancy
answered on 19-Oct-23 11:07
In this question, R ltd hold 10% shares directly and 15% shares indirectly through subsidiary S ltd in T ltd. It means R ltd has significant influence (25%) on T ltd hence related party under para 3(b). 👉ICAI solution 10% directly + 9% indirectly ( 60% of 15%) =19% Hence no significant influence, not related party, no disclosure. Also T ltd is listed company it means AS is not applicable. How to approach this question ❓
latest answer
Ignore the listing company aspect. Also there is a significant inflence because R ltd can decide what S ltd votes for in T ltd.
Jitendra Kumar
CA Final
★ 41K+
1
247
Discount on issue of debenture
Accountancy
answered on 19-Oct-23 13:44
Why does discount on issue of debentures not written off opening balance has shown on debit side why not on credit side
latest answer
Thank you sir
KOWTICA VIKAS
CA Inter
★ 85
2
325
AS 22
Accountancy
answered on 18-Oct-23 14:07
Why 3rd year timing difference is nil and DTL created in year 1 is not reversed.
latest answer
Year 1 - 4 Year 2 Reversed 2 Year 3 Reversed 2 So 0
Jitendra Kumar
CA Final
★ 41K+
1
229
Acca capital structure
Accountancy
answered on 17-Oct-23 15:43
Here income tax is refunded i.e., 20000 but that is in the year 2021. But that belongs to year 2020 How would be the treatment I am confused a bit. Question 33
latest answer
That will be credited to P&L
Sugam SM
CA Final
★ 9K+
1
282
CA Foundation [Final Accounts]
Accountancy
answered on 18-Oct-23 14:09
I am not able to solve this Question Can you please provide the of this Question Practical Q.10
latest answer
Yes.
Ab Devliear
CA Foundation
★ 3K+
7
433
Branch accounts
Accountancy
answered on 16-Oct-23 15:22
In this sum why bad debts is not appearing in branch adjustment?
latest answer
Thankyou
HariPriya C
CA Final
★ 3K+
3
311
Final accounts of Sole proprietorship
Accountancy
answered on 17-Oct-23 15:55
Commission payable to manager on Net profit (Before charging such commission) If any body can explain. Other than module
latest answer
Say Profit before commission is 100 Commission is 10% after charging commission. So Commission = 10% * (100 - Commission) Commission = 10 - 0.1 * Commission 1.1 Commission = 10 Commission = 10/1.1 = 9.09 Cross chec Profit. = 100 Commission = 9.09 Profit after commission = 90.91
Bhavesh Kumar
CA Foundation
★ 425
2
333
NPO
Accountancy
answered on 15-Oct-23 06:38
Will outstanding expense will come in income and expenditure a/c
latest answer
If O/S is of current year then will added to concerned expense in (income and expenditure a/c) And if it is of previous year then it will be Deducted from concerned expense in (income & expenditure A/c
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SRIHARI K U [XI-D]
CA Inter
★ 4K+
1
250
Rectification of errors
Accountancy
answered on 15-Oct-23 19:19
An amount of rs 300 is spent on the repairs of machinery is wrongly debited to the machinery account Account Rectify the above entry I feel the question is somewhere wrong please explain me
latest answer
Thankyou so much bro 👍
Divinne Fiona
CA Inter
★ 9K+
4
291
Branch account
Accountancy
answered on 14-Oct-23 10:23
Here is it given head office sent goodd to branch at cost plus 25%. But in answer transfer has taken take in cost. Is it correct?
latest answer
1,00,000 includes cost+25%
Pooja .
CA Final
★ 210
1
283