Depreciation

answered on 10-Nov-22 17:58

Can anyone please send ans to this question

latest answer

Plant purchased in 2010 is sold. The question mentions that all purchases and sales happen in mid of year. So 1/2 year for those sold. Full year for others.

LAVANYA M

CA Final

★ 3K+

7

304

Purchase consideration

answered on 09-Nov-22 21:31

For calculating purchase Consideration Under NAV method Cash & Bank balance is considered or not?

latest answer

Silent means taken over. But generally the question will be. Lear

sasidhar cheboyina

CA Final

★ 95

4

241

Significant influence

answered on 10-Nov-22 17:40

Does significant influence means holding atleat 20% of shares

latest answer

For companies share capital, others share in profit.

Shru Kanda

CA Inter

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5

334

Inventory valuation

answered on 14-Nov-22 18:43

In certain questions it is given that certain sum(X) is written off of an poor selling item having cost Y during the end of previous year. Kindly explain what will be the journal entry for such write off. Thankyou.

latest answer

Sorry for the confusion sir, I think I understood the concept kindly check if I am right. In Previous year no journal is passed to reduce purchases but only the closing stock was reduced to the extent of write-off value and as closing stock is not taken from any ledger there wouldn't a corresponding reduction in debit side. So the loss due to write-off will be considered in Gross profit while balancing. Thus while preparing Trading account to find maintainable GP for normal goods, original cost is reduced from purchases/opening stock and (original cost less write-off) is reduced from Closing stock.

Aswin Chandar

CA Final

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9

302

Eps As 20 ,illu 5

answered on 09-Nov-22 14:44

Why did they add interest expense of 12,00,000 shouldn't it be substracted from net profit.

latest answer

For the computation of Diluted EPS, the debentures have been converted into Equity shree which is a potential equity share, So the interest paid on debentures is a saving bcoz of conversion, so the net profit will be adjusted by increasing the interest saving on the debentures

Gauri Shete

CA Final

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2

221

Doubt- Adv accounting, Qstn paper : NOV 2019 INTER

answered on 09-Nov-22 12:10

Qstn number . 2(a) , pg number 4. Why have the subtracted 250000 from CRR . Also is there any specific order for transferring to CRR ? Like GR first , then securities premium, p and l ... ?

latest answer

Ohh thank you !!!ð???

Anjana Menon

CA Inter

★ 20K+

2

301

Capital employed

answered on 15-Nov-22 10:10

To find capital employed from balance sheet, which value we should take? Book value or agreed value Of assets and liabilities

latest answer

Thank you sir

Umayal Lakshmanan

CA Final

★ 6K+

4

255

Internal reconstruction

answered on 09-Nov-22 10:08

In this sum why they didn't give journal entry for remaining debentures and can any one please explain me the journal entry for dividend payable

latest answer

Thank you so much

Umayal Lakshmanan

CA Final

★ 6K+

5

245

Fraud leading to dissolution

answered on 08-Nov-22 22:15

What will be the impact of a fraud by a partner on the garner vs Murray rule calculation - will the fraud be adjusted like general reserve before the calculation of the ratio to divide deficiency? Or will it be taken to realization account?

latest answer

First u have taken to realisation account And then u have debit the partner account Entry will be Debtor ac To realisation 2nd entry Partner capital To debtors ac

P H Ananthakrishnan

CA Inter

★ 175

1

260

Chapter 3 BRS

answered on 10-Nov-22 17:39

Overdraft means debit balance or Regular balance or debit balance as per pass book

latest answer

Pass book

Agree Thinking

CA Final

★ 5

3

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