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Inventory AS 2
Accountancy
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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Amalgamation
Accountancy
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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Final accounts
Accountancy
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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AS 10
Accountancy
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 Final
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Bonus issue of shares
Accountancy
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
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267
Mtp
Accountancy
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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3
288
Packaging materials
Accountancy
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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Mtp
Accountancy
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
380
Capital vs Revenue Expenditure
Accountancy
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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325
Rtp may 23
Accountancy
answered on 28-Apr-23 12:42
In this question how this accumulated depreciation on office equipment has calculated...plz explain
latest answer
https://youtu.be/EReu5Ytvafs?t=3064 Covered in this video. Do subscribe to the channel so that you do not missout on these discussions. Thanks
Rifhat Khan
CA Inter
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