Capital expenditure and revenue expenditure
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
Devi sri Kumar
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 ??
Prathmesh Sanjyot Kharul
Syllabus Reduction in Chaos
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 ?
Thank you so much sir
Harish Chandar T
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??
Retained earnings is zero - since entire earnings have been withdrawn.
CRR & SLR
answered on 10-Nov-23 11:19
CRR & SLR rate for exam purpose.
crr 4.5% slr 18%
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
answered on 10-Nov-23 12:31
What is the difference between "Redemption" and "Buy back" of shares?
Ok sir got it 👍
answered on 09-Nov-23 22:29
When taxable income > accounting income , it is deferred tax asset or DTL ?
If taxable income is > , and if it is caused by timing difference, then it is Deferred Tax asset
Treatment of dividend credited in P&L account by holding company while consolidation of P&L
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?
Yes. In consolidated pl
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%)?
Transfer to statutory reserve= 25% Bank need to categorise it's 75% investment as current investment. Rest is held for maturity.