Forums
Recognition in lessee account
Accountancy
answered on 13-Mar-26 13:03
Sir, In operating Lease,Do both have to continue recognising the asset?? And depreciation?? Do both of them have to depreciate?? [Video Time Stamp: 01:05]
latest answer
Lessor will recognise asset and charge depreciation. Lessee will recognise expense on SLM basis
Jagadeesh Jaidev
CA Inter
★ 645
1
129
Chapterwise sale
Accountancy
answered on 13-Mar-26 13:03
Can you please make the chapter wise sale again for CA inter? Please sir it will be really helpful. As we just got the results, it would be easier to revise. Please sir!
latest answer
you can reach out on 9640111110
Rithika Selvam
CA Inter
★ 5K+
1
130
ESOP
Accountancy
answered on 13-Mar-26 13:07
At what values the journal entries should be made???
latest answer
On exercise of option Bank A/c Dr. (50,000 × ₹20)10,00,000 Employee Stock Options Outstanding A/c Dr. (50,000 × ₹10)5,00,000 To Equity Share Capital A/c (50,000 × ₹10 FV)5,00,000 To Securities Premium A/c (50,000 × ₹20)10,00,000
Amulya Nathari
CA Inter
★ 3K+
3
149
IRR Rate assumption
Accountancy
answered on 09-Mar-26 10:22
Sir, If we had assumed 15% initially, then PV of MLP would've been less than FV of the asset, Then we would've considered 2L only.The also in Iease schedule Table, We would've gotten the Closing balance higher than GRV. Then also we had to re calculate the rate, right?? Here you mentioned it Only if FV of the Asset is less than the PV of MLP. then only we have to compute new rate. [Video Time Stamp: 12:47]
latest answer
We take lower of PV of MLP and FV. So if PV of MLP is less than FV, then we will consider PV and not Fairvalue.
Jagadeesh Jaidev
CA Inter
★ 645
1
127
BRS
Accountancy
answered on 09-Mar-26 10:35
Hi sir, I have understood the concept of arriving from cash book balance to passbook balance and vice versa. For OD as per CB it means we have liability to the bank. For items which increases the od balance we need to add them and which reduces we need to reduce . Is my understanding correct . Or can I simply follow the process of pass book credit balance is equal to overdraft as per cb ( but may I know what’s the logic behind this )
latest answer
Whenever there is a OD balance use (-) symbol against the balance. Rest all treatment would be same. https://youtu.be/hnv460u1v4w This short recap might help.
Aravind V
CA Foundation
★ 0
1
126
BRANCH ACCOUNTS - INDEPENDENT BRANCH
Accountancy
answered on 10-Mar-26 15:08
In independent branches , where will be remove the loaded value of opening & closing stock . Whether it will be in BR p&l or HO p&l or general p&l
latest answer
Ho pnl
sankar saran
CA Inter
★ 10
2
201
Rectification of errors
Accountancy
answered on 06-Mar-26 21:37
Hi sir , I have a question about a particular entry. Credit sales to A rs 500 omitted to be posted. Does this mean in the sales book we have recorded 500 and but Not to A . So we pass an entry A ac debit to suspense ac . Is my understanding correct sir
latest answer
Thank you sir
Aravind V
CA Foundation
★ 0
2
121
Guaranteed Residual Value
Accountancy
answered on 02-Mar-26 17:18
Sir, You said that Any maintainance costs given by lessee to lessor at end of lease term also forms the part of GRV, Does it apply only if Lessee purchase the asset at End of Lease term?? [Video Time Stamp: 18:27]
latest answer
No. Even if not purchased or purchased by third party
Jagadeesh Jaidev
CA Inter
★ 645
1
117
Minimum lease payment
Accountancy
answered on 05-Mar-26 15:37
Sir, For Lessor, If any Residual Value Guaranteed by a third party, Won't that amount be manipulated by Lessor(Lessor may Inflate the RV)and be different from the actual ?? OR is MLP different for Lesse and Lessor,?? If so, Then which one should we consider?? Does it form the part of the Lease Agreement?? [Video Time Stamp: 18:26]
latest answer
The lease agreement contains the rental schedule, residual value clause, guarantee details, etc. From those terms, accountants derive MLP separately for lessor and lessee books. So MLP is a derived figure for accounting entries not a term written in the contract.
Jagadeesh Jaidev
CA Inter
★ 645
5
132
AS 7
Accountancy
answered on 05-Mar-26 10:35
Sir, why has interest for 9 months included in cost of construction when it was specifically mentioned for 8 months and also as per AS 7 and 16, it should be considered for that period only where construction is in progress?
latest answer
ICAI has not been consistent in treatment of such questions. The number of months depends on assumption.
Rahul Anand
CA Inter
★ 6K+
1
132