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Buy back of securities
Accountancy
answered on 27-Mar-23 19:24
In the attached problem, for calculating debt equity ratio 2:1 , why they considered 1650000 for calculating loan funds
latest answer
Looks like an error or some information missed from the question.
Laharika Urlapu
CA Final
★ 1K+
1
466
FS item - Current Maturity of LTB
Accountancy
answered on 24-Mar-23 09:22
Current Maturity of Long Term Borrowings shall be shown under which head of the Balance Sheet? Short Term Borrowings or Other Current Liabilities
latest answer
Thanks a lot for the swift response, Sir!!!
Krishna Sankar
CA Inter
★ 370
2
456
Amalgamation
Accountancy
answered on 24-Mar-23 09:40
In these question , it's mentioned as amalgamation in nature of merger , but Liquidation expenses are debited to Goodwill A/c, it should be debited to P&L or General reserve in case of merger , only if it's in the nature of purchase it should be debited to Goodwill/Capital reserve , is the above points correct ?
latest answer
Thanks Sir
Prethivi Rajan
CA Final
★ 9K+
3
497
AS 13 investment
Accountancy
answered on 23-Mar-23 15:38
Is provision for diminution should only be provided for reduction in Long term investment of shares?
latest answer
Yes 👍 if that reduction is permanent in nature.
Sruthi sruthi
CA Final
★ 640
1
436
Branch accounts ( incorporation of branch balance in head office books)
Accountancy
answered on 23-Mar-23 18:45
Can anyone explain this concept?
latest answer
Thank you so much
Ambika Devi
CA Inter
★ 5
2
4K+
Insurance claim
Accountancy
answered on 22-Mar-23 15:37
I didn’t get this alternative assumption. Can anyone explain
latest answer
Turnover before fire is already at actuals for major period and hence the second assumption is also valid. HOwever, better to follow the normal method for exams.
Sugam SM
CA Final
★ 9K+
3
480
Insurance claim
Accountancy
answered on 22-Mar-23 13:24
Anyone explain the text within boxes. Insurable standing charges
latest answer
Other charges which are not specified can be 5% of specified charges. Not relevant for exams.
Sugam SM
CA Final
★ 9K+
1
432
Insurance claim
Accountancy
answered on 22-Mar-23 15:12
So we can either assume right risk and reward is transferred, consideration is received?
latest answer
The objective of preparing Memorandum Trading Account is to arrive at Physical Stock in warehouse/Godown. Even if risk and rewards are passed, we need to ascertain whether goods were there in warehouse or not. Hence the adjustment.
Sugam SM
CA Final
★ 9K+
5
454
PPE for film production
Accountancy
answered on 22-Mar-23 13:29
Does Trees plants and animals used in film production is PPE or not ? Does AS-10 is applicable on these assets as they are not in agriculture activities instead their used in commerical activities
latest answer
Ok sir
Atharv Sankliya
CA Final
★ 3K+
3
468
Insurance claims for loss of profit
Accountancy
answered on 22-Mar-23 15:14
This is regarding Illustration 8 in the study material. 1. Why is this Down-trend calculated when it is not being used anywhere? 2. Why is Adjusted Annual Turnover shown separately? It is same as the Annual Turnover.. I don't get it.. Would be glad if someone can explain..
latest answer
Its not a downtrend calculation.
Sowmya Ilango
CA Inter
★ 6K+
1
527