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Cash flow statement
Accountancy
answered on 26-Feb-23 14:33
Can we consider Trade receivables while computing cash flow?
latest answer
This is covered in detail in class. The linkage between netprofit and working capital changes. We start with net profit. Net profit is computed on accrual basis. So there are some income which are considered for which cash would not have been received by the entity. Hence working capital adjustments are made. Since we did not receive amounts from debtors, it is reduced from the net profit to arrive at cash flow. For assets consider Opening - Closing For liabilities consider closing - opening.
Snehashis Mohanty
CA Inter
★ 35
3
515
AS-4
Accountancy
answered on 26-Feb-23 15:14
Sir, can you please let me know under which situation (i) disclosure in notes to accounts & (ii) disclosure in report of approving authority is required?
latest answer
Thank you so much Sir.
Varshaa M
CA Final
★ 35K+
3
617
Closing stock
Accountancy
answered on 26-Feb-23 16:18
Suppose if sales is not made good but we purchase more goods and the closing stock is higher. So the netprofit is going to be higher then the tax also higher and my question is i I don't have realized profit on sales and it is acceptable?
latest answer
Thank u sir, I am not think about GP Which played because stock always measured at cost.
Kamal Kumar
CA Inter
★ 7K+
6
522
Spoiled food,fruits, vegetables - normal loss ?
Accountancy
answered on 25-Feb-23 18:24
Does spoiled food fruits and eatable at cafe/restaurant considered as normal loss ?
latest answer
directly transferred to p and l account
Atharv Sankliya
CA Final
★ 3K+
6
485
Insurance claims
Accountancy
answered on 25-Feb-23 17:12
In the problem if there is nothing about average clause....shall we solve problem and calculate claim by using average clause??
latest answer
by defaultly we can use average clause
pullagorla sivaram
CA Inter
★ 5
8
566
Entries
Accountancy
answered on 26-Feb-23 14:39
Can anyone please check the entries for redemption of Preference Share..like are they correct Question:- 1. Swagath Ltd. resolved to redeem its 20,000 Preference Shares of ` 100 each, fully paid, at a premium of 10%. In order to provide funds for redemption, the company issued 10,000 Equity Shares of ` 100 each at ` 110 and 1,00,000 Debentures of ` 10 each. The issue was fully subscribed and the amounts were received. The Redemption was duly carried out. The company has sufficient profits. Give journal entries to record these transactions in the books of the company.
latest answer
even the first entry is incorrect.
Prathmesh kharul
CA Foundation
★ 3K+
3
522
Process account
Accountancy
answered on 24-Feb-23 18:32
Does process account is a part of financial books of accounts??
latest answer
No
Atharv Sankliya
CA Final
★ 3K+
4
460
Freight/carriage charges
Accountancy
answered on 27-Feb-23 17:28
In which account following expenses is recorded -freight incurred to ship goods from factory to store -freight incurred on sale ?
latest answer
Other costs are included in the cost of inventories only to the extent that they are incurred in bringing the inventories to their present location and condition. Generally once the inventory is ready, no further costs are added.
Atharv Sankliya
CA Final
★ 3K+
10
507
Departmental accounts
Accountancy
answered on 24-Feb-23 01:37
Illustration 7 why 1000 debit P&L a/c but in qn 2000 gvn and marked down 1260 not accounted why?
latest answer
Question 4 why 400 added and subtracted?
Kamal Kumar
CA Inter
★ 7K+
1
623
Inventory
Accountancy
answered on 23-Feb-23 18:25
Please solve and tell me the right answer with explanation. According to the book the right answer is C
latest answer
Second bit
SUBODH M JAIN
CA Final
★ 2K+
3
594