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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
305
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
334
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
★ 3K+
1
474
Inventories
Accountancy
answered on 28-Jul-23 21:28
Please anyone explain me this problem
latest answer
It may help u to understand how Gross profit on sale 25% came.
Divinne Fiona
CA Inter
★ 9K+
2
339
Buy Back
Accountancy
answered on 29-Jul-23 11:26
RTP Nov-21 CRR is to be created out of Reserves Available for distribution as dividend. But here it is created out of securities premium Why? Is it that, for the purpose of buy back SP is also a free reserve?
latest answer
Free reserves includes securities premium account in this case.
Ashfaq Ahmed
CA Final
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2
331
Insurance claim for loss of profit policy
Accountancy
answered on 29-Jul-23 11:30
In module-9 , video-20, Gross profit is used for computation of increased cost of working instead of GP on adj. annual t/o Why so?
latest answer
Please refer to the note given in question.
Yamuna S
CA Inter
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1
302
AS-7
Accountancy
answered on 29-Jul-23 11:33
Anyone explain Advance paid to sub contractor treatment. Why is it not considered as part of contract cost.
latest answer
Advance is just money paid and need not be cost till it is incurred. Cost is what is incurred actually.
Sugam SM
CA Final
★ 9K+
1
308
Internal reconstruction
Accountancy
answered on 26-Jul-23 15:07
In reason for internal reconstruction, When company incurs series of losses for several years, it doesn't show true picture of assets and liabilities Why asset and liability not show true picture when company incurs series of losses for several years Explain
latest answer
It happens mainly when assets become impaired (in other words they lose utility or usefulness). Also when an entity is incurring series of losses, it may not be able to pay all its liability in full. Thus the assets and liabilities may not reflect true value.
Krishnan K
CA Inter
★ 5K+
2
445
Incomplete records
Accountancy
answered on 30-Jul-23 00:03
Can someone explain the effect of cheques collected but dishonoured entry in bank and sundry creditors A/c
latest answer
Got it cleared Thank you
Devika Das
CA Inter
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3
332
Balance paid to suratwala by cheque or cheque issued to suratwala in seetleme of his alc
Accountancy
answered on 24-Jul-23 21:39
Sir j.entry
latest answer
Suratwala. A/c. Dr To bank A/c
R K
ACCA Skill
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2
281