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As 18
Accountancy
answered on 09-Feb-24 19:06
What is difference between substantial interest and significant influence if one has 20% or more voting power , then it is called substantial interest or significant influence
latest answer
They have substantial interest with which they exercise substantial influence.
Krishnan K
CA Inter
★ 5K+
1
490
AS 7, Recognition of Expenses (MCQ)
Accountancy
answered on 12-Nov-25 17:14
Total expenses to be recognised in year 1 is 30 lakh right? But the answer is 36 lakhs, Can you please explain XY Ltd has Billed GH Ltd for 42 lakhs means cost plus contract??
latest answer
Its wrong. Look at Examples and other illustration.
Shruthika Bala
CA Inter
★ 6K+
9
2K+
Financial statements of company ch-11
Accountancy
answered on 08-Feb-24 16:10
If a company made an investment in fixed deposit of 3 yr in 1/4/20 and disclose the same as non current investment so my question is whether in year 2022 does the company need to disclose the fd as current investment or not? Since it is maturing within 12 months
latest answer
It would be shown under Current Assets in the balance sheet.
Atharv Sankliya
CA Final
★ 3K+
1
390
AS-13
Accountancy
answered on 17-Feb-24 15:52
Does we have to convert a current investment into non current investment if the current investment is not sold within 12 month?
latest answer
Where investments are reclassified from current to long-term, transfers are made at the lower of cost and fair value at the date of transfer.
Atharv Sankliya
CA Final
★ 3K+
5
422
Financial statements of company
Accountancy
answered on 07-Feb-24 16:29
As we disclose current maturity of long term borrowing in short term liability so does we also have use the same treatment in case of Assets also ? Like if a company have prepaid expense of validity of 3 yr
latest answer
You split between current and non current
Anjali S
CA Inter
★ 0
1
399
As15
Accountancy
answered on 07-Feb-24 11:36
1) If plan asset value is more than DBO, why it said the refund is in future ? Contribution is done next year ..hence Reduction in contribution or refund it’s supposed to be in the next year 2) Contribution each year is fixed ? Or it can changed each year based on actuarial estimate ?
latest answer
https://youtu.be/cMHP3h8CjAc?si=aeJ07ZWeigyqcCqV You can watch the full standard here.
Sushmita Chowdhury
CA Inter
★ 2K+
1
495
AS 7 Construction Contract
Accountancy
answered on 07-Feb-24 10:31
How is it 20% instead of 25%? Will it affect the further doing of the problem as shown?
latest answer
OK sir thank you
Sujitha M
CA Inter
★ 1K+
2
445
Inventory Taking
Accountancy
answered on 07-Feb-24 11:03
Adjustment (v) mai problem hai sir
latest answer
You should not include in sales. Add cost to inventory.
Rupesh Kumar
CA Foundation
★ 310
1
417
Query in amount
Accountancy
answered on 06-Feb-24 10:49
Sir in question credit sales given as 28400 But while solving we have entered as 28500 under cash received from debtors whether any error in question or we have to include some other item with it
latest answer
Thank you sir☺️
nive krish
CA Inter
★ 255
3
438
AS16
Accountancy
answered on 06-Feb-24 09:13
Why the borrowing costs do not qualify capitalization? Because the extended period is necesaary for the asset to get ready for sale or intended use so the cost incurred during that period should also be capitalize right
latest answer
If active work is not happening and if that interruption is avoidable, do not capitalise
Harshavardini
CA Inter
★ 180
1
374