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Banking companies
Accountancy
answered on 12-Feb-23 15:31
Can we write Bill discounting entry for this?
latest answer
Question is only on rebate part and amount to be transferred to P&L
Vasu Naidu
CA Inter
★ 0
3
435
As 19
Accountancy
answered on 12-Feb-23 15:42
Unearned finance income is difference between gross investment and net investment right?. Then why here they do like this?.. Can anyone explain
latest answer
Here they have computed PV of MLP to determine whether it is a finance lease or operating lease.
Someswar Reddy
CMA Inter
★ 240
5
585
Correct entry
Accountancy
answered on 09-Feb-23 00:00
Please show the working
latest answer
You can take a suspense account instead of cash
ABU NASAR
CA Foundation
★ 7K+
8
361
Depreciation
Accountancy
answered on 13-Feb-23 21:28
We charge depreciation on intangible assets ( like royalty) then why we don't charge depreciation on Goodwill?
latest answer
Royalty is the fee paid to someone for use of their work ,(not employment) so it's an expense so we can match the expense to the time or the revenue generated and we can write off periodically But good will might be the value you earned by your actions
Amit Pandit
CA Final
★ 33K+
5
339
Group 1 Accounting ( cash flow statement)
Accountancy
answered on 07-Feb-23 13:15
Will changes in value of goodwill from one yr to another yr be included in the calculation of net cash flows.
latest answer
Goodwill is an intangible asset. It doesn't lead to any inflow or outflow of cash resources
Vinodha Alagesan
CA Inter
★ 2K+
1
413
DISCOUNT ALLOWED
Accountancy
answered on 07-Feb-23 17:00
Dear Sir., Is DISCOUNT ALLOWED an EXPENSE or LOSS ? If I am not mistaken , DISCOUNT ALLOWED is an EXPENSE , but in the lecture video sir says that DISCOUNT ALLOWED is a LOSS. Please clarify sir.
latest answer
In a lot of cases loss and expense are used interchangeably. Do not overanalyse.
Thankachan Jimmy
CMA Inter
★ 0
7
580
AS 19 - Finance Lease
Accountancy
answered on 12-Feb-23 16:38
Net Investment in Lease = PV of MLP + PV of UGR = Fair Value . Is these correct? If incorrect , kindly explain
latest answer
Thanks Sir
Prethivi Rajan
CA Final
★ 9K+
2
351
DISCOUNT
Accountancy
answered on 06-Feb-23 21:52
Dear Sir, How to account " Buy one and Get One free" Is it a trade discount ? For example a trader who has stock of 100 tables (Cost price per table Rs.200/-) one of his customer buys 5 tables from him , as the customer buys 5 tables ,the trader has to give him 10 tables, because it under "BUY AND GET ONE FREE" term. 1) Is this a trade discount ? 2)How this transaction will get entered by the trader . Please show Journal entry and amount also. Please guide me sir.
latest answer
Thank you sir...
Thankachan Jimmy
CMA Inter
★ 0
6
416
Working Capital Management
Accountancy
answered on 07-Feb-23 11:38
How do we calculate WC in the initial first year means the year we just started the business???
latest answer
Working Capital = Current Assets - Current Liabilities
Prathmesh kharul
CA Foundation
★ 3K+
6
339
Advanced Accounting ESOP
Accountancy
answered on 05-Feb-23 17:16
Why did they use different methods for calculating amount to be transferred general reserve Account? Illustration 2 and 5
latest answer
Both method are acceptable. However for consistency you can follow the method to transfer the balance to General Reserve at the end
Nirmal Pauly
CA Final
★ 14K+
6
502