Charitable hospital disclose in balance sheet

answered on 24-Feb-23 20:30

If a company has a charitable hospital so under which head it is to be disclosed in balance sheet

latest answer

Ok means achieving the objectives of company is considered as return on investment (other benefits)

Atharv Sankliya

CA Final

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406

AS-13

answered on 09-Feb-23 22:15

Does AS-13 include investment in share of sec 8 company??

latest answer

Yes

Atharv Sankliya

CA Final

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7

260

Adv. Accts Partnership accts.

answered on 11-Feb-23 20:13

In study material pg2.30. Hows Yash and Tanish capital adjustment calculated

latest answer

Balancing Figure to close the account.

Sindhu Machado

CA Final

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1

264

Cash Book 3 Coloumn

answered on 09-Feb-23 10:05

Dear Sir, please see the attachment, 28th March, cheque dishonour, why it is not shown in Cash book. ? Could you please clarify...

latest answer

Thank you so much sir your immediate reply.

Thankachan Jimmy

CMA Inter

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2

252

Banking companies

answered on 12-Feb-23 15:31

Can we write Bill discounting entry for this?

latest answer

Question is only on rebate part and amount to be transferred to P&L

Vasu Naidu

CA Inter

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3

307

As 19

answered on 12-Feb-23 15:42

Unearned finance income is difference between gross investment and net investment right?. Then why here they do like this?.. Can anyone explain

latest answer

Here they have computed PV of MLP to determine whether it is a finance lease or operating lease.

Someswar Reddy

CMA Inter

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5

368

Correct entry

answered on 09-Feb-23 00:00

Please show the working

latest answer

You can take a suspense account instead of cash

ABU NASAR

CA Foundation

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8

268

Depreciation

answered on 13-Feb-23 21:28

We charge depreciation on intangible assets ( like royalty) then why we don't charge depreciation on Goodwill?

latest answer

Royalty is the fee paid to someone for use of their work ,(not employment) so it's an expense so we can match the expense to the time or the revenue generated and we can write off periodically But good will might be the value you earned by your actions

Amit Pandit

CA Inter

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5

252

Group 1 Accounting ( cash flow statement)

answered on 07-Feb-23 13:15

Will changes in value of goodwill from one yr to another yr be included in the calculation of net cash flows.

latest answer

Goodwill is an intangible asset. It doesn't lead to any inflow or outflow of cash resources

Vinodha Alagesan

CA Inter

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278

DISCOUNT ALLOWED

answered on 07-Feb-23 17:00

Dear Sir., Is DISCOUNT ALLOWED an EXPENSE or LOSS ? If I am not mistaken , DISCOUNT ALLOWED is an EXPENSE , but in the lecture video sir says that DISCOUNT ALLOWED is a LOSS. Please clarify sir.

latest answer

In a lot of cases loss and expense are used interchangeably. Do not overanalyse.

Thankachan Jimmy

CMA Inter

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7

290