AS 10

answered on 20-Mar-23 07:18

I didn’t get this sum. Isn’t the book value 600000 after 20 years. Explain case b

latest answer

Its is the value of similar asset which is 20 years old today.

Sugam SM

CA Foundation

★ 9K+

1

272

Contingent liability

answered on 20-Mar-23 09:39

If a company has loss and reserves showing dr.balance and if any contigent liability arises due to any legal obligation then I should provide for it or not.

latest answer

Contingent liability is disclosed. If payment is probable (>50% chance) and amount can be estimated, then you will create a liability in books irrespective of profit or loss position.

Kamal Kumar

CA Inter

★ 7K+

1

232

Consolation

answered on 19-Mar-23 20:28

Anyone taken classes from indigo learn advance accounts ? I have a doubt in book back sum num 4 regarding analysis of profit working note Can anyone help me out?

latest answer

What exactly is your doubt?

Naveen Vs

CA Inter

★ 470

2

257

CFS

answered on 19-Mar-23 19:02

What is cash credit and how is it a financing activity?

latest answer

Cash credit is a type of loan facility

Sugam SM

CA Foundation

★ 9K+

1

318

Internal Reconstruction of Companies

answered on 20-Mar-23 09:46

In these question Deficiency mentioned as Rs.750000 , where is these information used while solving the problem and how it is calculated ?

latest answer

Thanks Sir

Prethivi Rajan

CA Final

★ 9K+

2

351

AMALGAMATION OF COMPANIES

answered on 22-Mar-23 15:33

Why cash and bank will be transfered to transferee company

latest answer

The question would mention whether all assets are transferred or all assets except cash and bank.

MANOJ KUMAR

CA Inter

★ 0

3

252

Final accounts

answered on 22-Mar-23 15:18

Please give me the solution of this question

latest answer

If you have specific doubt, please let us know.

jayesth Jain

CA Foundation

★ 835

1

288

Inventory held for resale - para 4 of AS-2

answered on 18-Mar-23 23:51

What does this mean

latest answer

Like trading we purchase and selling(resale) the goods@ some more profit.

Atharv Sankliya

CA Final

★ 3K+

1

219

Cash and cash equivalents

answered on 19-Mar-23 07:14

Does short term bank deposit (2-3 months ) considered as cash and cash equivalents or current investment because it is also qualifying the defination of investment as per AS-13

latest answer

Pls share the relevant questions

Atharv Sankliya

CA Final

★ 3K+

8

245

Amalgamation of companies

answered on 20-Mar-23 23:10

What is dividend quantum ? And , how they have computed to give 4000 preference shares at ₹43.75 premium?

latest answer

Thank you Angel

Dhivyaa Latha

CA Inter

★ 4K+

4

285