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Capital expenditure and revenue expenditure

Accountancy

answered on 17-Nov-23 19:12

The benefit from the expense is spread for not more than one year is Capital expenditure or Revenue expenditure

latest answer

👍

Devi sri Kumar

Devi sri Kumar

CA Foundation

7K+

6

55

CONSIGNMENT

Accountancy

answered on 17-Nov-23 00:30

Loading included in closing stock will be eliminated by following entry 1.Stock reserve account debit to consignment account OR 2. Consignment account to stock reserve account Which entry is correct??? 1 or 2 ??

latest answer

2 Entry

Prathmesh Sanjyot Kharul

Prathmesh Sanjyot Kharul

CA Foundation

3K+

1

37

Syllabus Reduction in Chaos

Accountancy

answered on 15-Nov-23 20:14

Sir I see lots of chapters got reduced in new syllabus of CA Intermediate 2024, How do we study those chapters in future ? (out of passion in subject accounts ) Will they be available in Indigolearn? First of all my important doubt is why ICAI omitted all those chapters,do they want the student to learn on their own just like the case of self paced modules ? Are those chapters of any use in articleship or new syllabus of final ? Any testing will be made by ICAI on those chapters cunningly in new syllabus just to make paper tough ?

latest answer

Thank you so much sir

Harish Chandar T

Harish Chandar T

CA Final

0

2

93

Capital maintenance

Accountancy

answered on 22-Nov-23 16:26

Sir in this sum what is the retained earnings? As per my knowledge R.E=actual closing capital - closing capital required = 13000-14,400 = (1400) Is my Retained earnings answer correct??

latest answer

Retained earnings is zero - since entire earnings have been withdrawn.

Krishnan K

Krishnan K

CA Inter

5K+

2

63

CRR & SLR

Accountancy

answered on 10-Nov-23 11:19

CRR & SLR rate for exam purpose.

latest answer

crr 4.5% slr 18%

Jitendra Kumar

Jitendra Kumar

CA Inter

41K+

1

54

Amalgamation

Accountancy

answered on 10-Nov-23 08:31

What is the entry for 1.to issue to the debenture-holders in S Ltd 8% Mortgage Debentures at Rs.96 in lieu of 6% Debentures in S. Ltd. which are to be redeemed at a premium of 20% , S ltd is transferor company , S ltd had 6% debentures of Rs.200000

latest answer

Thank you

Prethivi Rajan

Prethivi Rajan

CA Inter

9K+

2

74

General Question

Accountancy

answered on 10-Nov-23 12:31

What is the difference between "Redemption" and "Buy back" of shares?

latest answer

Ok sir got it 👍

Girinath A

Girinath A

CA Inter

765

6

86

AS 22

Accountancy

answered on 09-Nov-23 22:29

When taxable income > accounting income , it is deferred tax asset or DTL ?

latest answer

If taxable income is > , and if it is caused by timing difference, then it is Deferred Tax asset

Neha Baliga

Neha Baliga

CA Inter

16K+

1

47

Treatment of dividend credited in P&L account by holding company while consolidation of P&L

Accountancy

answered on 09-Nov-23 12:43

I came across with illustration 12 in consolidation of financial statements in institute study material, in that statement saying dividend has been paid by subsidiary company (post acquisition period profit) and holding company credit that in p&l . But in answer the dividend is not reduced in income portion. Also in nov23 rtp (question 11)the same sum was asked in that they reduced dividend portion in income. I also refered December 2021 suggested answer, question 3a, there also dividend not reduced. My contention it has to be reduced, because we will add it in profit and loss under reserves and surplus. Right or wrong?

latest answer

Yes. In consolidated pl

Praveenkumar M

Praveenkumar M

CA Inter

4K+

5

82

Banking company

Accountancy

answered on 10-Nov-23 08:02

What is the percentage transferred to statutory reserve (is that 25% ) or any change and .....how much investment can be held by bank as LONG TERM INVESTMENT ? (25% or 23%)?

latest answer

Transfer to statutory reserve= 25% Bank need to categorise it's 75% investment as current investment. Rest is held for maturity.

kalees waran

kalees waran

CA Inter

5

1

52

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