Forums
Liquidation
Accountancy
answered on 08-Oct-23 15:07
Is overriding preferential creditors paid even before legal expanses , liquidation expenses n remuneration?
latest answer
No, firstly you should pay Legal and liquidation charges and then go for priority basis, because without those expenses you can't realise assets
Reetikaa R
CA Final
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330
Brs
Accountancy
answered on 08-Oct-23 18:22
A cheque drawn by b . Phillip charged by A.
latest answer
Kindly elaborate your query thanks.
Nayan
CA Foundation
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1
310
As 3
Accountancy
answered on 08-Oct-23 10:40
As on 31.3.22 Fixed deposit is maturing on 15 .4.22. As it is maturing within 15 days why it is not treated as cash and cash equivalents.
latest answer
Always Wlcm ✨
Krishnan K
CA Inter
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383
As 3
Accountancy
answered on 10-Oct-23 16:22
Short term investment in preference share is cash flow or not
latest answer
date of acquisition.
Krishnan K
CA Inter
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6
287
Expneses
Accountancy
answered on 08-Oct-23 18:24
How incurrence of liabilities is considered as expense ?
latest answer
When you postpone payment for an expense, you are incurring new liability. Like rent or salary payable.
Anjali S
CA Inter
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1
285
Ch -2 framework for preparation and presentation of f.st
Accountancy
answered on 08-Oct-23 18:31
Since the maintaining accounts on accrual basis is mandatory as per sec 128(1) then why in any case income/expense is recognised on cash basis ?
latest answer
If you follow pure accrual you can't enter advance received or prepaid expense in the books as the income is not accrued or benefit is not received. This point explains that you can't mix prepaid expense/ advance received and normal revenue/expense. Because one is recorded based on cash receipt or payment and other is in accrual. This is what I understand. Hope this helps.
Atharv Sankliya
CA Final
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318
Hire purchase
Accountancy
answered on 07-Oct-23 16:38
Sir Ye keshe solve karna hai?
latest answer
See this
Tisha Modi
CA Inter
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389
CRR
Accountancy
answered on 07-Oct-23 13:30
Why we r creating CRR? In redemption of Pref SC
latest answer
Thank you
Kavi Dharshini
CA Inter
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2
334
Amalgamation
Accountancy
answered on 06-Oct-23 23:45
Why we are not segregating premium on preference share capital when incorporating journal entries in this question
latest answer
Okk
Ramya Telikicherla
CA Final
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2
349
AS7
Accountancy
answered on 10-Oct-23 17:03
How's the loss on contract is 10L here?
latest answer
Material cost 50 Labour - 60 Dep - 20 Future cost - 80 Total 210
Monika T
CA Final
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472