AS 10

answered on 29-Apr-23 12:37

Plz explain this ques9

latest answer

I don't know what confused u here.... Here they have given the sale value after 25 years .... Sale value after a period of use of asset is more or less similar to scrap value (so far in this case) In first case the sale value of asset is expected to be the same 10L after 25 years .... So since the time is given ... We calculate the depreciation based on SLM basis.... So since both cost and scrap are same no depreciation... In other case ... Sale value is 9L .... So considering it as a scrap after 25yrs.... 10-9 = 1L ..... is Depreciation for the whole 25 years .... Then for 1 year it is 1L / 25 = 4000 .... HOPE U GOT IT

Sugam SM

CA Foundation

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Inventory AS 2

answered on 29-Apr-23 12:14

If the finished goods into which the raw materials are incorporated in sold at price lower than cost , then it states that we may need to write down inventory at replacement cost . Supposed cost of inventory is 300 rs per unit whereas replacement cost is 320 rs per unit .. will we take 300 or 320 rs for valuation of raw materials ?

latest answer

Cost of raw material is only taken. Applying prudence.

SANSKRITI BADRI 2111339

CA Final

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229

Amalgamation

answered on 29-Apr-23 14:29

If purchasing company issues Debentures at premium to Debenture holders of selling company Ley say 100 Rs Debentures Given For 105 Rs. In Books of purchasing Company what is the entry sir Assets A/c. Dr To business purchase A/c To Debentures A/c To Security Premium A/c. Do we need to recognise security premium separately ?

latest answer

Thank you

M Naresh

CA Final

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243

Final accounts

answered on 01-May-23 04:58

Will dividend ( under adjustment ten ) be excluded since it says bod declared but shareholders have not APPRoved it ?

latest answer

Thank you Sir

SANSKRITI BADRI 2111339

CA Final

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241

AS 10

answered on 29-Apr-23 10:26

Sir here FV of asset given up is known although it lacks commercial substance. Then why we are measuring at book value

latest answer

Substance doesn’t change

Sugam SM

CA Foundation

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193

Bonus issue of shares

answered on 29-Apr-23 16:35

What does commencement of trading mean here, in issue of bonus shares?

latest answer

Okay sir

Garima Bhargava

CA Inter

★ 185

2

226

Mtp

answered on 29-Apr-23 15:41

In this question TR are given before deducting BD ...and BD is 2% of closing amt... Thus the value or BD will be 225,000÷98×2 right

latest answer

Ohk

Rifhat Khan

CA Inter

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248

Packaging materials

answered on 29-Apr-23 22:24

Is packaging materials (boxes, bags) considered as inventory ??

latest answer

Ok thanks

Atharv Sankliya

CA Final

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323

Mtp

answered on 29-Apr-23 01:10

Why stock reserve is not calculated on transfer of 300,000 from dept x to y

latest answer

Ohk 👍🏻

Rifhat Khan

CA Inter

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2

277

Capital vs Revenue Expenditure

answered on 28-Apr-23 16:01

I don't understand how repairs on an asset are considered Revenue Expenditure, such as the example of a damaged bike being repaired. The repairs ensure we can use the bike, so isnt it a capital Expenditure?

latest answer

Ah ok. Thank you, and Good Luck

Vishnu Muraleedharan

CA Final

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282