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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
★ 7K+
1
370
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
★ 470
2
409
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
★ 9K+
1
460
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
★ 9K+
2
604
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
439
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
467
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
★ 3K+
1
386
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
★ 3K+
8
442
Amalgamation of companies
Accountancy
answered on 20-Mar-23 23:10
What is dividend quantum ? And , how they have computed to give 4000 preference shares at ₹43.75 premium?
latest answer
Thank you Angel
Dhivyaa Latha
CA Inter
★ 4K+
4
438
Please answer
Accountancy
answered on 18-Mar-23 22:50
4 question
latest answer
Which part do you have a doubt?
Rajmani Kurmi
CA Foundation
★ 0
1
357