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Investment account
Accountancy
answered on 18-Mar-23 05:38
Why this 7500 dividend in credit side 1st item is cr.to amount column and not dividend column...
latest answer
Because it is Pre-acquisition dividend and hence, it is treated as recovery of cost. So, it is credited to the amount column to reduce the cost of investment.
Rifhat Khan
CA Inter
★ 28K+
1
309
Accounting for live stock
Accountancy
answered on 20-Mar-23 09:52
Does live stock(like cow,hen,sheep for wool,milk etc) is included in the scope of AS-10
latest answer
For e.g if dog is used for security purpose. It will be classified as PPE since not used for Agricultural activity.
Atharv Sankliya
CA Final
★ 3K+
8
378
Cash and cash equivalents -Short term bank deposit
Accountancy
answered on 18-Mar-23 00:47
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
Yes it is investment as per AS 13 & AS 3. It acnnot be treat it as cash equivalents because it is a uncertainity thing when it is encashed.
Atharv Sankliya
CA Final
★ 3K+
1
254
Disclosure in P/L a/c
Accountancy
answered on 20-Mar-23 09:52
Why we disclose gain or loss in P/L a/c ,if the fixed asset sold? Because it is capital nature.
latest answer
But it represents profit earned by the enterprise.
Kamal Kumar
CA Inter
★ 7K+
1
266
Trading of agricultural products
Accountancy
answered on 20-Mar-23 09:53
Does trading of agricultural, livestock and forest products are included in the scope of AS-2 ?
latest answer
If the business is purchase and sales then they are not producers. Hence AS-2 is applicable.
Atharv Sankliya
CA Final
★ 3K+
3
319
Consolidation
Accountancy
answered on 20-Mar-23 09:53
Can anyone send me the Analysis of profit for this sum?
latest answer
Which part in AOP are you finding difficulty.
Naveen Vs
CA Inter
★ 470
1
294
Departmental account
Accountancy
answered on 20-Mar-23 09:54
Can anyone solve this
latest answer
What is your doubt in the question/
Rifhat Khan
CA Inter
★ 28K+
1
286
Investment is valued at global basis or individual basis
Accountancy
answered on 17-Mar-23 14:55
Investment in share of particular company purchase at different prices are valued on which basis - global or individual
latest answer
Ok sir
Atharv Sankliya
CA Final
★ 3K+
2
304
Material used in rendering service
Accountancy
answered on 17-Mar-23 15:14
Does material used in rendering service are considered as inventory
latest answer
Yes
Atharv Sankliya
CA Final
★ 3K+
1
307
Sugar cane as a inventory
Accountancy
answered on 17-Mar-23 15:16
Does sugar cane plant is considered as inventory or PPE
latest answer
Yes.
Atharv Sankliya
CA Final
★ 3K+
3
394