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Liquidation
Accountancy
answered on 07-Nov-23 18:52
How Net dividend & bonuses is Rs.29700
latest answer
Thank you
Prethivi Rajan
CA Final
★ 9K+
2
565
Liquidation
Accountancy
answered on 07-Nov-23 21:22
How Balance ( being other trading losses) is Rs.26875
latest answer
You are utmost welcome 🤗
Prethivi Rajan
CA Final
★ 9K+
3
404
Financial Statements of NPO - Fund treatment
Accountancy
answered on 04-Dec-23 16:01
Illustration 12 There is a Research Fund and expenses such as Materials Consumed for research and Salaries paid for research. In the answer, they are debited to Income and Expenditure despite a fund for this specific purpose already existing. Why is this so? Shouldn't we just deduct it from the Research Fund when we prepare the Closing Balance Sheet? https://resource.cdn.icai.org/67185bos54090-cp9.pdf The question is long, so I cannot attach it here. Please click the above link and go to page 26 of the PDF
latest answer
Ok sir, thank you for the reply!
Vishnu Muraleedharan
CA Final
★ 32K+
4
803
Formula
Accountancy
answered on 07-Nov-23 12:18
What are all includes in equity share holders funds and what are all in equity (for fm ratio chapter also)
latest answer
Same.
Sruthi sruthi
CA Final
★ 640
3
408
As 11
Accountancy
answered on 08-Nov-23 14:28
below sum , I solved using para 46 A.check whether my answer is correct or not . Note: As per para 46A. Exchange loss on settlement, transferred to p&l. Exchange loss on balance sheet date added to cost of asset as per para 46A
latest answer
Thank you sir 😊
Krishnan K
CA Inter
★ 5K+
6
511
Balance sheet
Accountancy
answered on 07-Nov-23 11:44
What is Dividend equalisation fund and its uses ?
latest answer
It is a fund created to set aside some amount for dividends payment in future.
kowselyaa G
CA Final
★ 2K+
1
441
ESOP
Accountancy
answered on 07-Nov-23 12:29
What does expected forfeiture per yer mean?
latest answer
Thanks Sir
kowselyaa G
CA Final
★ 2K+
12
451
NBFC
Accountancy
answered on 06-Nov-23 21:08
Jan 21 examination ques 3.b How will ICAI classify “75 accounts for 4 months ( Amt overdue 64 lakhs ) as STANDARD ASSET???
latest answer
NOOOOO. Once there are no payments towards interest or principle or on demand or call for a period of three months it becomes "NPA" not "SUB STANDARD" if it stays NPA for a period of 12 months or more it becomes "SUB STANDARD" understand the provisions clearly. Your confusing the provisions of banking company with nbfc. In banking an account automatically becomes SUB STANDARD on being classified as NPA. in NBFC an account becomes SUB STANDARD after 12 months or 18 months depending upon SI or NSI becoming NPA. Understand the difference.
kowselyaa G
CA Final
★ 2K+
11
532
Doubt
Accountancy
answered on 06-Nov-23 13:37
I am confused between BALANCE B/D AND BALANCE C/D please help. Even I am confused in Dr Bal and Cr bal of Cashbook and passbook
latest answer
Dr. Balance in cash book - Its an asset - receivable from bank Cr. balance in cash book - liability - payable to pank Dr. Balance in passbook - Bank has to receive / we have to pay Cr. balance in passbook - Bank has to pay us / we need to receive. So whereever you see a debit balance - think of it as an asset and receivable. So if bank passbook has dr balance - Bank's Asset - Bank to receive.
Prathmesh Kharul
US CMA All
★ 6K+
2
499
Adv acc Banking company
Accountancy
answered on 05-Nov-23 19:25
P & L Nov 19 ques paper Ques 4 a *How come they have computed interest / discount to be 114,85 for the yr 2018- 19?
latest answer
Loss on sale of investment should be deducted from profit on sale of investment or should be shown in operating expenses. Since it was deducted from interest and discount it should be added back.
kowselyaa G
CA Final
★ 2K+
5
405