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Banking co
Accountancy
answered on 06-Aug-23 08:29
In the question below I attached the answer... I understand the question except Which is 11,485 amounts, which is there in the Sch- 13.... I.e interest and discount....... Amt...... How 11,485 Rs can anyone explain with logic i attached with an answer for reference.... Kindly tell me pls
latest answer
Adjusted means subtracted. So, we are adding back.
Balachandar S
CA Inter
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3
335
Kindly help me with this sum....
Accountancy
answered on 06-Aug-23 07:54
In the question below I attached the answer... I understand the question except Which is 11,485 amounts, which is there in the Sch- 13.... I.e interest and discount....... Amt...... How 11,485 Rs can anyone explain with logic i attached with an answer for reference.... Thanks in advance 😄
latest answer
In the given question, it is given that some of the items are already adjusted with "interest and discount". So, we should add back the non-relevant items to "interest and discount". Interest and discount = 10,225 (given) + 740 (Tax provision) + 460 (Provision for doubtful debts) + 60 (Loss in sale of investments) = 11,485
Balachandar S
CA Inter
★ 59K+
3
336
ECGC. / DICGC
Accountancy
answered on 05-Aug-23 20:59
Could any one explain to me that 4.3.1 in simple terms... Pls...
latest answer
Thanks JK Well understood 🙂
Balachandar S
CA Inter
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4
442
Buy Back Of Shares
Accountancy
answered on 12-Aug-23 15:32
Can Premium on buy back be absorbed by general reserve
latest answer
Yes, a company's premium on buyback can potentially be absorbed by its general reserve, depending on the applicable accounting and legal regulations. However, it's important to consult with financial and legal experts to ensure compliance with relevant laws and standards before making such a decision
Jayanth
CA Final
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7
308
As 2
Accountancy
answered on 12-Aug-23 15:39
Why exchange difference is not included in inventory cost?
latest answer
Exchange differences are typically not included in inventory cost because they represent fluctuations in currency exchange rates and do not directly relate to the actual cost of acquiring or producing inventory items. Including exchange differences in inventory cost could distort the accurate valuation of inventory and make it challenging to compare costs across different time periods or entities. Instead, exchange differences are often recognized as gains or losses in the income statement or other financial reporting sections, reflecting the impact of currency fluctuations on the company's financial performance
N.Gokulnath
CA Inter
★ 850
3
328
Consolidation of Balance sheet
Accountancy
answered on 03-Aug-23 09:11
This adjustment has no impact on the balance sheet? Why? Holding - white ltd Subsidary - Black ltd
latest answer
What is the carrying amount?
Ashfaq Ahmed
CA Inter
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1
381
Investment acc EASY
Accountancy
answered on 03-Aug-23 09:13
In this sum, Interim dividend paid on 15/01/22, but it is for period from beginning of financial year till 15/01/22 OR for full year 2021-22 Because they said interim dividend FOR THE YEAR 2021-22, it means for 1/04/21 till 31/03/21 Or For the period 1/04/21 till 15/01/22 Clarify
latest answer
It is for the FY paid during an interim date.
Krishnan K
CA Inter
★ 5K+
1
304
AS 19
Accountancy
answered on 04-Aug-23 20:51
Difference between loan and financial lease?
latest answer
No
N.Gokulnath
CA Inter
★ 850
5
302
As17 segment reporting
Accountancy
answered on 04-Aug-23 17:51
What if segment reportable in preceding period because of management discretion,now in current period whether we need to report?? Because in book they only mentioned 10% threshold only
latest answer
Not required.
Krishnan K
CA Inter
★ 5K+
6
331
Financial statements of companies
Accountancy
answered on 31-Jul-23 10:54
Can anyone please explain why it is not a violation to schedule III
latest answer
Changes are to be disclosed. Also change is not material.
HariPriya C
CA Final
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1
467