Partnership Acs - Death of Partner - confusion of adjustment information

answered on 03-Dec-24 15:04

As per adjustment no. iv, interest is not payable in the current year due to death Then why has it been deducted from current years profit calculation

latest answer

okay sir got it, thanks a lot

Aryan Choudhary

CA Foundation

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4

320

AS 19 - Sales & Leaseback

answered on 03-Dec-24 12:51

Can someone explain solving this sum in simple terms. It's quite difficult while solving

latest answer

Thank you Sir 😊

Soon to be CA

CA Inter

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3

252

AS2

answered on 04-Dec-24 14:31

Please explain Q21 since I am unable to get the question

latest answer

The goods were supplied free of cost by the manufacturer. Therefore, the cost of the goods received free of cost would be nil for valuation purposes.

Sagar Kathuria

CA Inter

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1

229

AS2

answered on 02-Dec-24 08:37

Can someone please explain the calculation of value of inventory?

latest answer

The closing inventory for the month is give as 1.30 lakh. We are using the fifo method so the remaining 1.30 lakh inventory is purchased lastly. So 0.30 is taken from june 1st purchases and remaining 1 lakh is from june 30th purchases

Sagar Kathuria

CA Inter

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1

267

AS2 MCQ

answered on 02-Dec-24 17:53

In the answer key, why have they mentioned option (b) as the answer, since option (d) is incorrect MCQ4

latest answer

Incorrect MCQ

Sagar Kathuria

CA Inter

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2

238

AS22

answered on 01-Dec-24 12:38

Here how current tax is 20000*40% ,where that 20,000 came from ? ( Illustration 3 ,pg no.7.62 )

latest answer

Ok sir

Devika M

CA Inter

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2

212

How u understand it is payment method

answered on 02-Dec-24 20:28

How u understand it is payment method

latest answer

Understand now clear doubt

R G

CA Inter

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1

371

Sir, can you explain once again why revaluation gain is calculated only after time adjustment in case of consolidation

answered on 02-Dec-24 17:50

Sir, can you explain once again why revaluation gain is calculated only after time adjustment in case of consolidation

latest answer

The revaluation is either before or after. If we do this before time adjustment, the apportionment between pre and post acquisition may not be correct.

Dova Shaji

CA Inter

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1

392

Debentures after amalgamation

answered on 09-Dec-24 17:31

Hi sir / madam ; Shall we have to write a note on debentures issued for other than cash ( to selling company) as we wrote a note for equity and preference shares issued for other than cash

latest answer

Not required.

Nagachaitanya Nomula

CA Inter

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1

50

about cost of issue of debentures

answered on 28-Nov-24 08:14

there is nothing specify in the question about the cost of issue of debentures 50. how will you less 50 from profit and loss account ?

latest answer

In V ltd balancesheet assets side - cost of issue of debentures is given as 50

priyanka p

CA Inter

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1

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