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Intangible asset
Accountancy
answered on 18-Apr-25 16:11
Sir... Wt if the skilled employee made an agreement with entity for fixed period of time(i.e he will do job for 10yrs like that) for that much period can we call him intangible asset becoz we can have control on him know sir for that much period
latest answer
Achha tq sir🙂↕️
Bhavani Hadpad
CA Inter
★ 4K+
4
97
As 1 disclosure of accounting policies
Accountancy
answered on 21-Apr-25 12:28
Can I know by decreasing provision for non moving inventory how the profit is reduced?
latest answer
https://youtu.be/RoUMm8p7Jy8?t=1167
1 Minute Review
CA Inter
★ 405
2
162
AS 10 - PPE [Exchange of Assets]
Accountancy
answered on 17-Apr-25 18:15
Question: I've attached a pic Doubt: Why can't the journal entry be like this? Cash/Bank a/c 15,000 Car Y 13,00,000 To Car X 13,00,000 To P&L 15,000 Is it wrong? If Yes, Why?
latest answer
If there is no commercial substance we can recognise profit.
Girinath A
CA Inter
★ 765
1
103
Dissolution of partnership
Accountancy
answered on 17-Apr-25 16:57
what is the weightage of 'higher relative method', 'statement of distribution of cash' in dissolution of partnership? Is there a high chance that questions on these topics could appear in the exam? Would it be safe to skip them while preparing?
latest answer
Ok sir
Asmita Kar
CA Foundation
★ 7K+
2
123
amount spent on lawyer's fee to defend land- how is it not capital expenditure?
Accountancy
answered on 16-Apr-25 11:23
when we are able to defend our land, are we not securing the future economic benefit? suppose we don't defend our land and spend the lawyer's fee, aren't we losing out on a potential economic benefit in the long term?
latest answer
Got it sir. Thank you
Anoushka Ravi
CA Foundation
★ 2K+
6
175
Cash flow statements
Accountancy
answered on 16-Apr-25 13:59
This comes under which activity?
latest answer
Yes
meghana karnakanti
CA Inter
★ 21K+
4
103
Cash flow statement
Accountancy
answered on 14-Apr-25 06:10
How did they arrive at the balance of Plant and machinery with Rs. 7,60,000 and Rs. 840000 (especially how did they get Rs. 200000 and 320000 added along with balancing figures??
latest answer
Plant and Machinery Opening balance as on 01.04.20X0 = 6,40,000 Add: provision for depreciation = 2,00,000 Total. = 8,40,000 Closing balance as on 31.03.20X1. = 4,40,000 Add: provision for depreciation. = 3,20,000 Total. = 7,60,000
Aswathy Omanakuttan
CA Inter
★ 0
1
107
Discount
Accountancy
answered on 16-Apr-25 14:03
Sold 1000rs goods in 2024 got discount rs100 but discount was received by the customer in 2025 Like outstanding expense this wont be treated the same way ?
latest answer
Pls share the actual question.
Sushmita Chowdhury
CA Inter
★ 2K+
2
96
Cash flow statement doubt
Accountancy
answered on 11-Apr-25 19:53
Why is net profit assumed as profit after tax? Can we assume it the other way or is this only possible. Assumption
latest answer
Net profit as a standard convention refers to after tax unless its mentioned before tax.
Aswathy Omanakuttan
CA Inter
★ 0
2
103
Regarding matching concept
Accountancy
answered on 11-Apr-25 10:19
Sir if we buy a house in an accounting period and sell it in another accounting period how is this concept relevant?
latest answer
The matching concept is to match income and expenses/cost. When we buy a home in first year - we show it as an asset and not as expense. When we sell home in second year the sale value - cost price is recorded in P&L as gain. same way when we buy goods for sale - the unsold portion is shown as closing stock. and not as an expense. When we sell those goods, it gets expensed.
Samyuktha Prem
CA Foundation
★ 3K+
1
127