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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
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1
445
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
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8
515
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
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4
486
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
441
Can a company use different cost formula for different types inventory
Accountancy
answered on 18-Mar-23 22:52
Can a company use different cost formula for different types inventory like FIFO for some type of inventory and weighted average for some sort of inventory
latest answer
Yes if the characterstics are different.
Atharv Sankliya
CA Final
★ 3K+
1
457
Company following AS
Accountancy
answered on 18-Mar-23 22:52
Can a company following AS follow ind as for the accounting treatment for which no AS is formulated
latest answer
Yes.
Atharv Sankliya
CA Final
★ 3K+
1
415
Assets for rental income
Accountancy
answered on 20-Mar-23 09:49
A IT company(software) have assets like property cars etc to earn rental income so does it is considered as PPE or investment as it is qualifying defination of both
latest answer
Property, plant and equipment are tangible items that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than a period of twelve months. If a business rents out cars, it would be a part of its operations and hence classified as PPE. Earning rental from cars requires a good amount of operating expenses in terms of driver's salary, fuel etc. However in case of land & buildings (which are investment property), the degree of operations is much lesser.
Atharv Sankliya
CA Final
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3
532
Branch acc
Accountancy
answered on 18-Mar-23 16:45
How can we take cash collections in debtors acc?
latest answer
Yes and no:) Actually, I have taken Face to face classes for group 1 and as of now i am just making use of 1Fin's free resources+free classes. But, even these free resources helps me a lot, so I would consider myself a 1Fin student.
Sugam SM
CA Final
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6
538
Branch acc
Accountancy
answered on 18-Mar-23 17:30
Can anyone send soln using branch method. I am not getting same profit as in Trading method
latest answer
.
Sugam SM
CA Final
★ 9K+
1
546
Branch accounts
Accountancy
answered on 20-Mar-23 09:50
Can anyone explain what is this alternate method
latest answer
Basically Goods sent to Branch account becomes the expense for HO accounting purpose.
Sugam SM
CA Final
★ 9K+
1
512