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DRR and DRI
Accountancy
answered on 22-May-23 11:44
When we create DRR out of free reserves, ofcourse we would've kept that amount extracted from free reserves, as DRR, into some or the other bank account , so our bank bal.on asset side would've increased, and can be used to pay off the deb.holders. Then why do we separately create DRI to increase our asset side and use it later to pay off Deb. holders (when increased bank bal., Due to DRR creation, could've been used)?
latest answer
https://youtu.be/lXhl2rhCjBU
Garima Bhargava
CA Inter
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4
638
How to increase speed
Accountancy
answered on 22-May-23 11:37
1 h takiing solving some questions
latest answer
Practice
R K
ACCA Skill
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4
548
Settling liabilities during liquidation
Accountancy
answered on 22-May-23 11:57
If a company has secured debentures, unsecured Deb., Secured creditors, unsecured creditors, then what will be the order of repayment to them by selling assets of co ? Does creditors of co. get privilege over debenture holders while repayment?
latest answer
Okk sir got it👍
Garima Bhargava
CA Inter
★ 185
4
424
Employee cost in statement of p&l
Accountancy
answered on 24-May-23 11:25
Does employee cost in statement of p&l includes direct labour wages also??
latest answer
Yes
Atharv Sankliya
CA Final
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10
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One subject how many hours I can study
Accountancy
answered on 22-May-23 11:12
H
latest answer
https://youtu.be/w0ME0n1joAc
Lkg Ydv
ACCA Professional
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998
Principles and practice of accounting
Accountancy
answered on 18-May-23 14:10
The materiality depends only upon the amount of the item and not upon the size of the business,nature and level of information, level of the person making the decision etc. I think the answer is false,but the solution given in the material is true!! Can anyone please explain with reason,why is the solution true?
latest answer
No, the statement is not true. Materiality is a concept in accounting and auditing that considers the significance or importance of information in relation to a particular decision or financial statement. It takes into account various factors, including the amount of the item, but it is not solely dependent on the amount. Materiality can also be influenced by the size of the business, the nature and level of information being assessed, the context of the decision being made, and the level of the person making the decision. What may be considered material for a small business could be immaterial for a large corporation. Additionally, materiality judgments can vary depending on the specific circumstances and the users of the financial information. In summary, materiality is a multifaceted concept that considers various factors beyond just the amount of the item involved.
Divinne Fiona
CA Inter
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What is the difference between brought back and buy back
Accountancy
answered on 20-May-23 11:48
Sir explain in detail ha vimps ha
latest answer
Buy back and bought back are same Bought is v2 of buy And you have written 'brought' but it will be 'bought' not brought
Lkg Ydv
ACCA Professional
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6
543
Payment of preference dividend
Accountancy
answered on 18-May-23 17:48
In this ques, what will be the journal entry to pay dividend on 10% preference shares also what will be the amount (10% of 35000 i e. After dep.profits)
latest answer
Okk sir
Garima Bhargava
CA Inter
★ 185
4
487
Sir in account without format mark deducted
Accountancy
answered on 19-May-23 07:01
Sir and tax also
latest answer
In accounts format is important especially in company final accs, Ppi small small thing will carry makrs don't concentrate on preparation by using an scale and pencil... Do the necessary format and refer the AIR 1 student marksheet which is there under this app For DT also u see the AIR 1 same
R K
ACCA Skill
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DISSOLUTION OF PARTNERSHIP UNDER PIECE MEAL DISTRIBUTION MAXIMUM LOSS METHOD.
Accountancy
answered on 17-May-23 14:26
IN ILLUSTRATION -5 HAVE CASH BALANCE RS. 500/- AND EXPENSES UNDER REALISATION RS.400/-. IN THE SILUTION DID NOT CONSIDER THE ABOVE SAID AMOUNTS WHY?. IF ASSUME WE CAN PAY EXPENSES FROM AVAILABLE CASH RS.500/- STILL WE HAVE RS 100/- SURPLUS.
latest answer
OK SIR NOTED, THANKS.
Anjaneyulu Goriparthi
CA Inter
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