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how come outstanding liability is a element of cash flow
Accountancy
answered on 16-Sep-23 12:43
page no. 11.93 and 11.92 of new syllabus illustration no. 6 ryan ltd.
latest answer
As per indirect method, to adjustment of net profit we are showing outstanding liabilities even through no cash flows. But, as per direct method we are not to be shown this type of expenses only cash receipts and cash payments.
Angry Toshniwal
CA Final
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491
Doubt
Accountancy
answered on 21-Sep-23 09:35
Sir after completing final accounts chapter is it better to start with accounts for incomplete records or shall I start partnership or npo or company accounts?? Please give some tips and guidance 🙏
latest answer
ICAI has not yet released.
sai t
CA Foundation
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281
Buy Back of Equity shares
Accountancy
answered on 16-Sep-23 07:14
“Current maturity of long term borrowings" Is it to be included (or) not to be included while calculation debt equity test
latest answer
Included. Current maturity of long term borrowings are Current liabilities under other Current liabilities
Ashfaq Ahmed
CA Inter
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242
Banking companies
Accountancy
answered on 15-Sep-23 13:33
What is the percentage of profit should be transfers to reserve funds in banking companies which applicable for nov 23
latest answer
25%
Sai sruthi
CA Inter
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245
As3
Accountancy
answered on 15-Sep-23 09:32
Loans TAKEN from supplier, customer is operating activity or financing activity Because in icai book they given , Loan GIVEN to customer, supplier is operating activity
latest answer
Thank you sir
Krishnan K
CA Inter
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334
AS notes
Accountancy
answered on 15-Sep-23 17:47
Why I couldn't download AS notes it is showing some error.
latest answer
AS notes is same. Accounting standards do not change with change in syllabus.
HariPriya C
CA Final
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360
Departmental trading account
Accountancy
answered on 14-Sep-23 17:16
Why opening stock reserve is cr in general P/L ac???
latest answer
In Departmental accounts, Illustration 6 you can see it
Dhakshana Dhakshana
CFA L2
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319
Section 197
Accountancy
answered on 15-Sep-23 17:51
3% and 1 % of net profits formangerial remuneration plse explain me?? Remuneration payable to directors who are neither managing directors nor whole-time directors For directors who are neither managing director nor whole-time directors 1% of the net profits of the company if there is a managing director/whole-time director If there is a director who is neither a Managing director/whole-time director 3% of the net profits of the company if there is no managing director/whole-time director
latest answer
What is the doubt>
MPR Sanjay Kumar
CA Inter
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1
258
Department mental accounts nov 22 qp 5 b
Accountancy
answered on 21-Sep-23 09:35
In that question why inter departmental transfer not taken even though given in question
latest answer
Not taken where? Can you share the question?
OMKAR REDDY
CA Inter
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As 24 discontinuing operation
Accountancy
answered on 15-Sep-23 17:55
What is meant by in pursuant to a single plan Also explain why in example 1 , it is not pursuant to a single plan
latest answer
Not like selling piecemeal. Basically selling the entire part as a whole or under a single approved plan. Say multiple assets form part of the operations. The plan to dispose is under one plan and different plan. If each asset is sold separately, then its asset disposal.
Krishnan K
CA Inter
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