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justify the answer
Accountancy
answered on 02-Apr-26 09:31
Shouldnt the revenue be recognized only after the customer's approval (as the inspection part is to be made by him/her )
latest answer
here agreement is not approval. Agreement is like entering into contract.
Rithu V
CA Inter
★ 7K+
1
86
explanation needed
Accountancy
answered on 04-Apr-26 09:42
Can you explain the reason why it is the right answer and why mine is not
latest answer
Can be called both.
Rithu V
CA Inter
★ 7K+
5
127
mcq test 2
Accountancy
answered on 16-Apr-26 09:21
A question on what is not to be considered as change in accounting policy has 4 answers but apart from the option which says there is a change in acc policy which is material, every other option is NOT to be considered as a change in the accounting estimate
latest answer
Can you please provide the screenshot of the question.
Rithu V
CA Inter
★ 7K+
1
84
Final amt of closing stock
Accountancy
answered on 07-Apr-26 17:07
Shouldnt the amt of closing stock be = 150k-12k(wrong estimate)+4k(correct estimate) [Video Time Stamp: 05:55]
latest answer
Yes, The closing stock will be 150000-(12000-4000) = 142000. We will correct and update the video and notes. Thankyou
Rithu V
CA Inter
★ 7K+
1
110
Mcq
Accountancy
answered on 08-Apr-26 09:22
Goods distributed as free samples ₹2,000. a) Asset ↓, Capital ↓ b) Asset ↓, Expense ↑ c) Expense ↓, Asset ↑ d) No effect What should be ans for this as according to me ans should be (b) as sample goods comes under marketing expense
latest answer
The answer is option (b). While distributing as free samples it is a advertisement expense and the inventory will decrease. In option (a) the capital is reducing. The capital will reduce only when the owner withdraw goods for personal use.
Shivam Arora
CA Foundation
★ 2K+
2
103
Internal Reconstruction - Surrendered shares
Accountancy
answered on 26-Mar-26 10:54
Settlement of contingent liability during internal reconstruction by issuing shares using surrendered shares: Journal entries: 1. Shares surrendered: Equity share capital a/c dr. To Share surrender a/c 2. Settlement of Contingent Liability using surrendered shares Share surrender a/c dr. To Equity share capital a/c Doubt: Why there is no "Reconstruction a/c" is involved in this case?
latest answer
Thank You Sir
Girinath A
CA Inter
★ 765
2
139
Amalgamation of accounts
Accountancy
answered on 26-Mar-26 10:31
From ICAI material pg 13.58 (d) point ; I haven’t understood the calculation of no. Of equity shares as 40000 shares , on what basis they have taken overall share capital for calculation of equity shares to be given on purchase of vayu Ltd
latest answer
The illustration is solved in class as well.
GUJJU VAISHNAVI
CA Inter
★ 13K+
2
95
Amendment
Accountancy
answered on 22-Mar-26 19:21
This is not as per the latest amendment . Kindly check [Video Time Stamp: 04:26]
latest answer
Amendment is not for companies. Its for MSME which is covered in subsequent videos. Let me know if your query was on something else.
Rithu V
CA Inter
★ 7K+
3
95
q 12
Accountancy
answered on 24-Mar-26 10:10
Shouldnt rights issue be included in the calculation only from the date of issue?
latest answer
Will check
Rithu V
CA Inter
★ 7K+
1
112
How to adjust in exam
Accountancy
answered on 24-Mar-26 10:10
Sir, In order to arrive ar 31,35,000, We need to adjust interest amount, In exam, How to show that adjustment?? Should we have to write the adjusted amount in the bracket?? Or how??
latest answer
Write the balancing figure as interest. 185269
Jagadeesh Jaidev
CA Inter
★ 645
1
86