preliminary expenses

answered on 11-Jan-23 20:48

why did not show preliminary expenses in balance sheet?

latest answer

Preliminary expenses are those expenses that come under the category of fictitious assets and also fictitious assets which doesnot have any saleable value sir if i am wrong Kindly rectify me..

Kamal Kumar

CA Inter

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4

284

ESOPs

answered on 11-Jan-23 20:19

Why there are no entries for lapse of options?

latest answer

Not reversed.. The balance standing to the employee stock option outstanding ac will be transferred to general reserve ac

Bumble Bee

CA Final

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6

257

Dividend on right/bonus issue

answered on 20-Jan-23 21:50

Does company pay dividends on the bonus/right issue held before the record date of dividend

latest answer

Yes, record date serves as the eligibility criteria.

Atharv Sankliya

CA Final

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3

227

Investment account

answered on 12-Jan-23 18:04

If taxes paid on investment are refundable then what will be the treatment for this as per AS-13

latest answer

If the taxes are refundable then they shall not be included in the cost of investment

Atharv Sankliya

CA Final

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3

231

AS 1

answered on 10-Jan-23 18:37

Can anyone give explanation with example for substance over legal form?

latest answer

Yes. You will understand more of this in leases.

Kamal Kumar

CA Inter

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251

AS

answered on 10-Jan-23 06:19

from which module/chapter/unit/pronouncement/part shall we study AS of icai mat ? what is pronouncement for

latest answer

thank you

Sushmita Chowdhury

CA Inter

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281

Question

answered on 20-Jan-23 23:12

Whatâ??s the answer Illustration 3

latest answer

5 lakhs - 3 lakhs = 2 lakhs 2 lakhs / 9 = 22,223 shares In multiples of 50, it is 22,250 shares, as you cannot reduce the original number of shares to be issued, but it can be increased.

07Vyshnavi Shetty

CA Inter

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242

Npo

answered on 09-Jan-23 07:21

Q1)What is to be done with opening, closing stock and purchases. What is shown where? Q2) how is entrance donation capitalised 60,000 in b/s and 90,000 is taken in I & E ac? Q3)How did we get 4,41,000 as fixed assets in bs?

latest answer

Prepare a separate trading account with Purchases, Op Stock, Closing stock and receipts from the activities. Alternatively, you can calculate Cost of Goods sold as Op Stock + Pur - Closing stock and take it to debit of Income and expenditure.

Vedant Vijay

CA Foundation

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279

PREPARATION OF FS

answered on 09-Jan-23 10:37

RTP MAY 22 WHY WE DID NOT ADD INVENTORY TO ADJUSTED PURCHASES?

latest answer

Thank u

Kamal Kumar

CA Inter

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7

243

Due date chapter

answered on 31-Jan-23 14:19

if the due date fails on a public holiday or Sunday due date would be 1 days such public holiday or Sunday in this case befor or after

latest answer

Public holiday - Preceding day Sudden holiday - Succeeding day

R K

ACCA Skill

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281