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PREPARATION OF FS
Accountancy
answered on 09-Jan-23 10:37
RTP MAY 22 WHY WE DID NOT ADD INVENTORY TO ADJUSTED PURCHASES?
latest answer
Thank u
Kamal Kumar
CA Inter
★ 7K+
7
293
Due date chapter
Accountancy
answered on 31-Jan-23 14:19
if the due date fails on a public holiday or Sunday due date would be 1 days such public holiday or Sunday in this case befor or after
latest answer
Public holiday - Preceding day Sudden holiday - Succeeding day
R K
ACCA Skill
★ 9K+
11
343
Ind as 16
Accountancy
answered on 09-Jan-23 07:26
If we buy dogs and sell them in the market then how it can be a agricultural activity and how it can be classified under Ind AS 41?
latest answer
It is not an agricultural activity.
Snehashis Mohanty
CA Inter
★ 35
3
294
As 10
Accountancy
answered on 07-Jan-23 19:56
Generally we depriciate the asset but here we are adding discount rate which should be reduced from the asset value Why?
latest answer
PV of decommissioning cost is considered to be cost of asset.
Snehashis Mohanty
CA Inter
★ 35
1
286
As 10
Accountancy
answered on 07-Jan-23 20:02
Can any one explain me what is Decommissioning expenses ?
latest answer
Ok
Snehashis Mohanty
CA Inter
★ 35
4
328
framework
Accountancy
answered on 06-Jan-23 14:11
opening trade receivable= 20000rs closing trade receivable= 25000rs there is no credit sale or cash received payment shown
latest answer
assume all sales are credit
Sushmita Chowdhury
CA Inter
★ 2K+
2
323
AS-11
Accountancy
answered on 20-Jan-23 23:16
Difference b/w intergral and non integral foreign operations in simple terms?
latest answer
Integral is dependent. Non-integral is independent.
Nivetha Baskar
CA Inter
★ 3K+
4
300
AS-10
Accountancy
answered on 20-Jan-23 23:30
Can anyone explain me what is the difference between residual value and carrying amount with an example?
latest answer
Carrying amount is the book value. Residual value is the salvage (scrap) value at the end of the life of an asset.
Snehashis Mohanty
CA Inter
★ 35
4
322
AS-10
Accountancy
answered on 06-Jan-23 17:32
Why we are selling the asset at the NRV and why we are not selling at Book value while NRV is lower than the Book Value (at the time of the Retirement Value)
latest answer
Sale happens at the agreed price. When we hold an asset for sale (means we have decided to sell) it should be shown at lower of carrying amount or net realisable value.
Snehashis Mohanty
CA Inter
★ 35
4
296
Insurance claims
Accountancy
answered on 06-Jan-23 14:23
Why we take Turnover of 12months immediately preceding before the fire accident in loss of profit policy for additional expenses
latest answer
We will take for calculation because the insurance company wants to know the turnover of our company before the fire accident. The indirect motive of every insurance company is to reduce the claim amount to be paid to the insured, so they will take the turnover of the last 12 months for measuring additional expenses. Hope you understood.
Rohan Panda
CA Inter
★ 0
1
275