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Accountancy
answered on 17-Aug-23 19:56
Sir In this question for calculating profit before taxation, why they adding increase in general reserve and interim dividend paid sir Can u please give me an explanation for that sir
latest answer
Yes Sir The way u and Sathya sir explain the concept were Amazing 💫 Your 100% concept clarity is mind blowing 😇
Fathima Hamtha Hussaina
CA Final
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666
Amalgamation of companies
Accountancy
answered on 21-Aug-23 10:06
I have one doubt in amalgamation chapter If all the merger conditions satisfied bt provisions are created in inventory and b/r of selling company at the time of net asset computation then it will come under merger method or purchase method mam?
latest answer
Yes
Siva Balan
CA Final
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435
What is difference between cash down payment and cash down price
Accountancy
answered on 14-Aug-23 08:51
CA foundation student attempting up coming attempt Dec 23
latest answer
The "cash down payment" refers to the initial amount of money you pay upfront when purchasing a product or property, typically as a percentage of the total price. The "cash down price" could refer to the total price of the item after deducting the cash down payment, essentially the remaining amount you need to pay
Basuvaraj K
CA Inter
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2
1K+
Depreciation
Accountancy
answered on 14-Aug-23 13:22
How come the depreciation is 39000, according to my calculation it should be 20000 can anyone please explain??
latest answer
Welcome 🤗
Divinne Fiona
CA Inter
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4
602
AS 3
Accountancy
answered on 14-Aug-23 08:15
In this question illustration 10 the changes in inventory has already been deducted from net profit. It has already has its effects on net profit. But again in answer why they have shown it under work in capital changes? Can someone please elaborate on this.
latest answer
Changes in working capital helps us understand whether cash has been paid or not hence the adjustment.
HariPriya C
CA Final
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Human resource accounting
Accountancy
answered on 14-Aug-23 08:29
If accounting is all about quantitative items, how do you in human resource accounting, create a value around people as an asset? since that is qualitative.
latest answer
Accounting is not done.
Devika Venu
CA Foundation
★ 5
3
448
Is machinery an overhead cost?
Accountancy
answered on 14-Aug-23 08:34
Is machinery considered an overhead cost? Also, in management accounting, how does accounting information help in knowing how to reach potential buyers? Isnt that more of a marketing decision? How will knowing accounts know the interest levels of potential buyers?
latest answer
Machine-related expenses are considered Overhead. With costing information you can decide how much to quote to buyers etc.
Devika Venu
CA Foundation
★ 5
4
587
Cash flow statements - working capital changes
Accountancy
answered on 11-Aug-23 10:40
Do we adjust changes in *other current assets/ liabilities* from operating profit before working capital changes? I'm asking this because no where in study mat it is adjusted, but in RTP suggested ans it is adjusted
latest answer
Thank you sir
Yamuna S
CA Inter
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BANKING COMPANIES
Accountancy
answered on 12-Aug-23 07:56
In the question interest and discounts acc has a credit balance but while making the ledger we've not carried down the balance of current year instead we transferred it to P&L .... Shdnt we carry it down to next year over here ???? Reference: Illustration 7, Page 8.82 of Module 3 of adv acs
latest answer
Interest and discount a/c. Will be tr to P&L acc
Neha Baliga
CA Inter
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2
448
Thanks u sir
Accountancy
answered on 10-Aug-23 14:34
Today received book
latest answer
You are welcome
R G
CA Final
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1
436