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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
487
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
787
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
450
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
515
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
457
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
623
RECTIFICATION OF ERRORS.
Accountancy
answered on 06-Feb-23 09:51
Respected Sir. In the rectification of errors , when we do the rectification of previous year's transactions in the current year. It may have SUSPENSE A/C in the previous year. But when we do the rectification of those previous year's transactions ( those have impact on last year suspense a/c ) in the current year. then Suspense a/c will not have any balance in the CURRENT year. But in the last video lecture, sir says that SUSPNESE A/C balance should be transferred to CAPITAL a/c, but If I am not wrong there will not have any balance in the suspense a/c in the current year to transfer . Then why do you say SUSPENSE a/c balance should be transferred to Owners capital ? Please goodie me sir.
latest answer
https://www.youtube.com/live/Py6OhpDpR2g?feature=share Watch these two videos.
Thankachan Jimmy
CMA Inter
★ 0
4
609
Q6 JHP ICAI PRO RATA AL
Accountancy
answered on 06-Feb-23 12:27
I coudant understand 2 ND and 3 rd entry in icai study materials sir
latest answer
OK sir
R K
ACCA Skill
★ 9K+
5
448
Ill 15 Liquidation of companies
Accountancy
answered on 13-Feb-23 21:33
Why calls in arrears are not considered in trail balance?
latest answer
It's considered that is why the amount is 95k
Vasu Naidu
CA Inter
★ 0
2
491
Cost Accounting
Accountancy
answered on 01-Feb-23 16:08
Calculation of cost of material purchased
latest answer
No mention. Kindly note that I have solved it assuming that "GST Credit is not available". You can do it the other way also. But, put a note and mention the assumption in your answer.
Hida Sharief
CBSE XII
★ 0
10
496