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AS 10
Accountancy
answered on 22-Mar-23 15:30
Sir what if this deferred credit is for normal credit terms. Say credit of 500000 is deferred for 4 years. If its extended over 4 years say payable at end of 6th year is 6L then int is 1L and it will be capitalised if such asset is qualifying. So what is this deferred credit. Is it always beyond normal credit period or otherwise? How does the standard interpret this? In ques 6 what should we assume?
latest answer
Yes
Sugam SM
CA Final
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350
AS 10
Accountancy
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 Final
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340
Contingent liability
Accountancy
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
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294
Consolation
Accountancy
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
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2
316
CFS
Accountancy
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 Final
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368
Internal Reconstruction of Companies
Accountancy
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
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2
473
AMALGAMATION OF COMPANIES
Accountancy
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
326
Final accounts
Accountancy
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
358
Inventory held for resale - para 4 of AS-2
Accountancy
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
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1
280
Cash and cash equivalents
Accountancy
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
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8
328