AS 19 - Finance Lease

answered on 12-Feb-23 16:38

Net Investment in Lease = PV of MLP + PV of UGR = Fair Value . Is these correct? If incorrect , kindly explain

latest answer

Thanks Sir

Prethivi Rajan

CA Final

★ 9K+

2

232

DISCOUNT

answered on 06-Feb-23 21:52

Dear Sir, How to account " Buy one and Get One free" Is it a trade discount ? For example a trader who has stock of 100 tables (Cost price per table Rs.200/-) one of his customer buys 5 tables from him , as the customer buys 5 tables ,the trader has to give him 10 tables, because it under "BUY AND GET ONE FREE" term. 1) Is this a trade discount ? 2)How this transaction will get entered by the trader . Please show Journal entry and amount also. Please guide me sir.

latest answer

Thank you sir...

Thankachan Jimmy

CMA Inter

★ 0

6

286

Working Capital Management

answered on 07-Feb-23 11:38

How do we calculate WC in the initial first year means the year we just started the business???

latest answer

Working Capital = Current Assets - Current Liabilities

Prathmesh kharul

CA Foundation

★ 3K+

6

246

Advanced Accounting ESOP

answered on 05-Feb-23 17:16

Why did they use different methods for calculating amount to be transferred general reserve Account? Illustration 2 and 5

latest answer

Both method are acceptable. However for consistency you can follow the method to transfer the balance to General Reserve at the end

Nirmal Pauly

CA Final

★ 14K+

6

377

RECTIFICATION OF ERRORS.

answered on 06-Feb-23 09:51

Respected Sir. In the rectification of errors , when we do the rectification of previous year's transactions in the current year. It may have SUSPENSE A/C in the previous year. But when we do the rectification of those previous year's transactions ( those have impact on last year suspense a/c ) in the current year. then Suspense a/c will not have any balance in the CURRENT year. But in the last video lecture, sir says that SUSPNESE A/C balance should be transferred to CAPITAL a/c, but If I am not wrong there will not have any balance in the suspense a/c in the current year to transfer . Then why do you say SUSPENSE a/c balance should be transferred to Owners capital ? Please goodie me sir.

latest answer

https://www.youtube.com/live/Py6OhpDpR2g?feature=share Watch these two videos.

Thankachan Jimmy

CMA Inter

★ 0

4

407

Q6 JHP ICAI PRO RATA AL

answered on 06-Feb-23 12:27

I coudant understand 2 ND and 3 rd entry in icai study materials sir

latest answer

OK sir

R K

ACCA Skill

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5

244

Ill 15 Liquidation of companies

answered on 13-Feb-23 21:33

Why calls in arrears are not considered in trail balance?

latest answer

It's considered that is why the amount is 95k

Vasu Naidu

CA Inter

★ 0

2

252

Cost Accounting

answered on 01-Feb-23 16:08

Calculation of cost of material purchased

latest answer

No mention. Kindly note that I have solved it assuming that "GST Credit is not available". You can do it the other way also. But, put a note and mention the assumption in your answer.

Hida Sharief

CBSE XII

★ 0

10

311

Notes to account - cash and cash equivalents

answered on 23-Feb-23 17:34

How to classify bank balance in cash and cash equivalents in notes to accounts ?

latest answer

If information available pls do.

Atharv Sankliya

CA Final

★ 3K+

6

213

buy back of security

answered on 01-Feb-23 05:53

In question 3 of module here I attached my workings and module answer there is contradiction in answer. please indicate what kind of mistake I done while computing debt equity test.

latest answer

Thank you,

Elavarasi B

CA Inter

★ 46K+

3

265