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Departmental accounts
Accountancy
answered on 26-Aug-23 13:14
There are two ways of solving ,which to follow In illustration 7 the markdown value of stock is taken to P & L through stock memorandum account ,in practice sum 4 the same is adjusted both in memorandum as well as markup account Which way to follow
latest answer
Both are fine.
Ramya Nagarajan
CA Final
★ 1K+
1
511
Urgent doubt Plz help
Accountancy
answered on 23-Aug-23 08:43
where do we classify interest receivable on fd as per schedule 3 of Accounting standards(AS) balance Sheet.. All the fd's maturity is beyond 1 year from balance sheet date..
latest answer
Then non current
Sai Teja
CA Final
★ 14K+
3
476
UNDERWRITING OF SHARES
Accountancy
answered on 24-Aug-23 08:46
Why do we have to multiply total liability with 10 inorder to get underwriter liability??
latest answer
Should be 100
Prathmesh Kharul
US CMA All
★ 6K+
3
449
Type of accounts
Accountancy
answered on 21-Sep-23 20:26
Can we say that everything appearing on liabilities side except 'profit/loss' can be considered as personal accounts? Also what are exceptions of assets which are not real accounts except debtors and loans given?
latest answer
Use modern rules to become easy
Devika Venu
CA Foundation
★ 5
3
502
Adv acc - esop
Accountancy
answered on 21-Aug-23 19:01
Why we should multiply three times in no of options?
latest answer
tnx
Ganesh U
CA Final
★ 6K+
2
473
Dividend rules
Accountancy
answered on 24-Aug-23 08:51
If current year there is a profit of rs.1lakh Company has opening P&l reserve of rs.20lakh Now company wants to declare dividend of rs.5lakh In this case we need follow the below 3 conditions or not. I think we need to follow because we are declaring dividend by using free reserves
latest answer
You need to satisfy conditions
Krishnan K
CA Inter
★ 5K+
4
509
AS 22 ( deferred tax liability)
Accountancy
answered on 21-Aug-23 09:57
Can you provide explanation for the answer
latest answer
DTL reversal = Closing DTL Liability - Opening DTL liability
Sajeetha R
CA Final
★ 46K+
5
498
AS 18 RELATED PARTY DISCLOSURES
Accountancy
answered on 21-Aug-23 09:59
In the attachment, from (a) to (e), can someone classify the points as control or significant influence relationship and why?
latest answer
Control is when one party can take decisions over the other.
kalyan yuva
CA Inter
★ 5K+
1
415
Doubt in classes
Accountancy
answered on 21-Aug-23 09:59
Advance accounting under new syllabus Consolidated financial statements topic include AS 21, 23 & 27?
latest answer
Currently AS-21 is available. AS-23 & 27 will be available next month.
HariPriya C
CA Final
★ 3K+
1
449
AS
Accountancy
answered on 21-Aug-23 10:00
At the last stage in formation os AS, when the AS is given to MCA for use by companies, is it open to changes or modifications considering MCA opinion? or MCA has no say?
latest answer
The final ones are notified by MCA. Practically ICAI standards are adopted as it is.
Devika Venu
CA Foundation
★ 5
1
446