Redemption of debentures

answered on 05-Apr-23 10:06

Why are we crediting underwriters account in both the journals?

latest answer

Thank you

Punitha Krishnaraj

CA Final

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2

292

Approval of goods on sale or return basis

answered on 04-Apr-23 18:18

If the goods are rejected before year ending must we pass journal entry for inventory or only rejection entry

latest answer

Rejection entry

SUBODH M JAIN

CA Final

★ 2K+

2

312

Npo

answered on 04-Apr-23 13:07

What is the treatment of enterance fee amortized

latest answer

The capitalized part of entrance fee should be entered in the balance sheet.

Bhuvan Bhaskar

CMA Inter

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1

266

NBFC

answered on 07-Apr-23 08:28

Can anyone explain me how the 14 lacs( Sub standard asset) was calculated?

latest answer

Thanks 😊

Ps v

CA Final

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3

273

Inventories

answered on 03-Apr-23 13:50

Can anyone please explain why the bit of sales is reduced by 10000 though there is no mention of the 10000 amount at all

latest answer

Sorry guys my bad I did not considered the sales return aspect

Angry Toshniwal

CA Final

★ 505

1

262

AS 18

answered on 03-Apr-23 12:44

In may 19 Ques 1 d ii It is given that B Ltd is subsidiary of A Ltd. Can we make assumption in that way also.. But sir told A Ltd doesn't have control over B Ltd. ????

latest answer

Thank you

kowselyaa G

CA Inter

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2

242

Recognition criteria - AS-10

answered on 03-Apr-23 09:29

What is future economic benefits in AS-10? Does realising the value of an assets is also future economic benefits?

latest answer

Yes it's considered as future economic benefit ,(sale proceeds)

Atharv Sankliya

CA Final

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10

243

AS 5

answered on 03-Apr-23 13:32

What is the meaning for this extraordinary item: Attachment of property of the enterprise

latest answer

Ok sir. Thank you sir

Umayal Lakshmanan

CA Final

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2

228

Revision

answered on 02-Apr-23 16:23

How Should I revise my entire account paper 1 in one day and from which chapter should I start first help me

latest answer

No

Aman Shukla

CA Inter

★ 8K+

3

293

Cash and cash equivalents

answered on 02-Apr-23 17:40

Can you show the treatment of bank and cash in notes to accounts, i am confused if the debit balance should be subtracted or not.

latest answer

If it is a credit balance we should show it as a bank overdraft in Liabilities side

disha sharma

CA Inter

★ 1K+

6

280