Forums
Govt. Grants
Accountancy
answered on 11-Oct-23 09:46
Explain me the Highlighted context in detailed In layman terms 🥹
latest answer
Say grant is recevied in relation to land. and also requires meeting some condition like maintaining the land which requires expenses to be incurred. Such grant is credited to P&L in proportion of expenses.
SAI AKASH GORU
CA Final
★ 750
1
351
Govt. Grants
Accountancy
answered on 11-Oct-23 10:04
Explain me the word " nominal value " in the highlighted context. My question:- is nominal value means 'nil' Or something else
latest answer
Okay then.... Just for knowing purpose to intended users of financial statements Recorded at nominal value ₹1 Thank you sir I've uploaded some other DOUBTS , kindly see those attachments
SAI AKASH GORU
CA Final
★ 750
6
478
Ca inter grp 1 accounting complier not able download
Accountancy
answered on 12-Oct-23 11:45
Ca inter grp 1 accounting complier not able download
latest answer
Thank you got it
KOWTICA VIKAS
CA Inter
★ 85
2
567
Partnership accounts
Accountancy
answered on 13-Oct-23 10:52
How did 40500 come please explain me
latest answer
from partner's balance Capital 60000 Reserves +50000*3/10 Revaluation loss-30000/10*3 Goodwill +50000/10*3 Total 81000 paid 50%.- 40500
Divinne Fiona
CA Inter
★ 9K+
1
443
Partnership accounts
Accountancy
answered on 10-Oct-23 17:29
I don't understand this journal entry please explain me
latest answer
🙏🙏
Divinne Fiona
CA Inter
★ 9K+
4
689
Fixed assets
Accountancy
answered on 09-Oct-23 17:42
Hello sir What is the treatment that can be made if a fixed asset is being maintained in the factory which is in unusable condition ie breakdown for more than 5 years
latest answer
Okay sir thank you
Valli Kotapati
CA Final
★ 5
3
440
Accounting
Accountancy
answered on 08-Oct-23 21:49
If I leave Q1 wholly of account paper then will my paper be checked or not
latest answer
Yes paper will be evaluated but if you attend 5 questions excluding the compulsory question only 4 of those will be corrected and the last one will not be considered. So it's like you attended only for 80 marks.
Atharv Sankliya
CA Final
★ 3K+
2
425
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
★ 7K+
1
410
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
★ 360
1
444
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
★ 5K+
4
535