Forums
Depreciation
Accountancy
answered on 26-Jan-24 16:03
Is my revised depreciation under SLM is right?
latest answer
yes
Krishnan K
CA Inter
★ 5K+
1
437
Consolidated financial statements
Accountancy
answered on 26-Jan-24 12:25
Provision for doubtful debts @1% on 8,91,000 should be 8,910 know then y in adjusted reserve working note it has shown 9k?
latest answer
Already deducted 1% from 900,000 to arrive at 891000. So additional 1% is 9000
Ujwal Reddy
CA Inter
★ 7K+
2
387
Dissolution
Accountancy
answered on 27-Jan-24 10:34
Can anyone solve thiis question
latest answer
Ok sir thank u sir
jayesth Jain
CA Foundation
★ 835
5
436
Insurance claim
Accountancy
answered on 26-Jan-24 16:37
In some questions taking increase in turnover and in some questions not taking that how to understand this??
latest answer
Ok done
Devisree
CMA Final
★ 0
5
437
Past year questions
Accountancy
answered on 24-Jan-24 15:06
Please help me to get past year question in 1fin qpp
latest answer
Yes Sir thank you
karthik m.k
CA Inter
★ 140
9
428
Treatment of expenses on accrual basis
Accountancy
answered on 26-Jan-24 16:32
If salary or rent for current month becomes due on 1st of next month and is payable by 7th of next month. Then as at 31st of current month, will there be a present obligation, and should this be treated as liability as at 31st of current month? These become due on next month due to contract (legal form) and we have enjoyed using the asset or received service of employee (substance). Should we use substance over legal form and conclude there exists a liability as at 31st? or Is there no liability as at 31st? Thanks :)
latest answer
You will create a liability on 31st itself. There are two aspects - Accrual and due. Salary is accrued as on 31st and it falls due on 1st.
Vignesh Venkatesan
CA Final
★ 5
1
503
Amalgamation
Accountancy
answered on 23-Jan-24 10:24
In realisation account why we haven't take debentures and loan from A. And taken trade payable?
latest answer
In the question it is said that the transfor company transferred only trade payable. So It got assumed that other liabilities got settled by transfor itself not taken over by buying company.
Abhishek Sahu
CA Inter
★ 1K+
1
419
AS 2 VALUATION OF INVENTORY
Accountancy
answered on 31-Jan-24 10:42
Fixed overhead valuation is correct in this question Budgeted capacity 15000 But actual is 10400 Fixed overhead is constant
latest answer
Can you pls elaborate your doubt?
sudharshan babi
CA Inter
★ 1K+
4
450
AMALGAMATION
Accountancy
answered on 22-Jan-24 14:54
why are we crediting business purchases account?
latest answer
You can combine and pass a single entry but sometimes you can miss.
Rohith Ashva
CA Inter
★ 140
2
436
Framework for Preparation of FS
Accountancy
answered on 22-Jan-24 08:45
Kindly help me in Balance sheet part. Although not asked in qn. New syllabus Pg. 2.35 sum no. 10.
latest answer
Thank you.
Rajasekaran Suresh
CA Inter
★ 495
5
473