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Buyback of shares
Accountancy
answered on 20-Jan-23 23:18
Is dividend equilisation fund free reserve?
latest answer
Yes, it is a free reserve.
Angel Maria Varghese
CA Final
★ 9K+
2
377
As 10
Accountancy
answered on 04-Jan-23 18:45
If we have the asset of 8cr then why we are considering its fair value as the value of the asset ?
latest answer
Smiley are not recognised currently
Snehashis Mohanty
CA Inter
★ 35
5
354
AS 10
Accountancy
answered on 04-Jan-23 10:05
Can anyone explain this to me
latest answer
Snehashis & Kamal, I have added Ind AS 41 to your profiles for reference. You can go through the first 20-25 mins in your free time. It will help you understand how such assets are recognized.
Snehashis Mohanty
CA Inter
★ 35
10
393
Departmental a/c
Accountancy
answered on 20-Jan-23 23:20
What does mean of general p&l a/c What does mean of general expanses
latest answer
General P&L and General expenses are for the whole entity and not for a separate department. That is why they are posted in the general p&l account.
Amit Pandit
CA Final
★ 33K+
3
375
AS 10
Accountancy
answered on 03-Jan-23 06:17
For charging depreciation, if some machinery is not used since production not there then we should provide depreciation or not ?
latest answer
Should provide depreciation
Kamal Kumar
CA Inter
★ 7K+
1
338
iam I correct or not
Accountancy
answered on 02-Jan-23 20:30
The business transactions are recorded in journal book like a entries of accounting language then the posted into the ledger account for specific view and analysis statement third processes trial balance Note: in trial balance debit side and credit side the items are allocated in trial balance what are the items are placed in debit side that should be posted into the credit side while making ledger In trial balance what are the items are placed in credit side that should be posted into the debit side while making ledger Which means By means .......To To means .......By
latest answer
Nothing friend ...thanks
MPR Sanjay Kumar
CA Inter
★ 530
7
331
Purchase book
Accountancy
answered on 02-Jan-23 14:38
In purchase book when frieght charges added later when ledger accounts are opened then considered net purchases saperatly and frieght charges ledgers are opened saperatly why? Why can't we take total of that transaction including purchases and purchase ledger is opened and no saperate ledger for frieght charges is this alright?
latest answer
You can do it either ways.
Anil Raj
CA Foundation
★ 580
1
383
going concern
Accountancy
answered on 02-Jan-23 04:14
penalty for loan is paid when, the loan amount will be paid but here loan amount is not paid then how did penalty got accrued why is it shown in PL a/c ?
latest answer
i understood thank you :)
Sushmita Chowdhury
CA Inter
★ 2K+
4
504
Framework
Accountancy
answered on 02-Jan-23 09:21
A machine was acquired in exchange of an old machine and ` 20,000 paid in cash. The carrying amount of old machine was ` 2,00,000 whereas its fair value was ` 1,50,000 on the date of exchange. The historical cost of the new machine will be taken as (a) ` 2,00,000 (b) ` 1,70,000 (c) ` 2,20,000 How is historical cost came 170000 ?
latest answer
150000(fair value) + 20000(amount paid in cash) = 170000
Sushmita Chowdhury
CA Inter
★ 0
2
425
Framework chapter
Accountancy
answered on 31-Dec-22 22:43
Liabilities are recorded at the undiscounted amount of cash expected to be paid on settlement of liability in the normal course of business under: (a) Present value. (b) Realizable value (c) Current cost. ICAI mat answer given is (b) How & why
latest answer
Settlement value is the realisable value for a liability
Sushmita Chowdhury
CA Inter
★ 0
1
359