Insurance Claim

answered on 01-Nov-22 15:46

Can anyone explain me the steps

latest answer

ok

theee k

CA Final

★ 435

5

235

Death of partners

answered on 01-Nov-22 14:32

In revaluation account whether that depreciation of car will be entered or not because in vedio sir didn't add that.

latest answer

Ok sis, tq(â??â?¢á´?â?¢â??)

Lathika

CA Inter

★ 6K+

7

257

Hire purchase and installment sale transaction

answered on 01-Nov-22 12:58

In this question nothing is specified about provision for depreciation to be charged separately but at the end they ask to prepare provision for depreciation for tractors

latest answer

In this case, you need to create provision also for each year since they have asked you to.

Subramanyam N

CA Inter

★ 6K+

1

265

Preference shares

answered on 01-Nov-22 15:51

Whether Preference share can be redeemed through issue of equity share through ESOP (Discounted value)

latest answer

Ok sir now I got it.

Manoj Kumar 007

CA Inter

★ 19K+

18

267

Mtp

answered on 01-Nov-22 13:24

In this question 6 (a) ii - can anyone explain me last that three entries I got little confusion there. Anyone help me out. Thanks :)

latest answer

Hope it'll help you all.

Deepa

CA Inter

★ 18K+

6

312

AS 19

answered on 01-Nov-22 08:41

In f point. They recognised totally 9 laks loss ( 5+4)? how ? As per my understanding it should be the loss 1 laks (40-39) should be recognised immediatley. And excess of sales price over fair valu 4L (39-35)should be deffered and amortized over lease period. But Why they giving entry like this ?

latest answer

Sale and lease back transactions resulting in operating lease, if Sale Value > Fair Value we have two components here, i) Fair Value - Book Value : in this case Profit or Loss is immediately recognised in P& L ,given example (35L-40L=5L) ii)Sale Value -Fair Value : Here Profit or Loss is deferred and amortised over lease period ,given example (39L-35L=4L)

Balaji R

CA Final

★ 20K+

1

259

Financial statement

answered on 01-Nov-22 16:04

In sum question, we consider material consumed in profit and loss account and for some question, we are cosidering material purchased in p/l. How to identify which to consider? Is there any basis for this?

latest answer

For raw materials - it is always Cost of materials consumed presented in P&L For = Purchases of Stock-in-Trade - Show purchases and Changes in inventories of finished goods, work-in-progress and Stockin-Trade If it is raw material, the question would mention that.

vs navin

CA Final

★ 1K+

4

246

Dissolution of Partnership firm

answered on 01-Nov-22 15:34

Here how they arrived 80,000 as a Fixed capital. When the actual fixed capital is 45,000

latest answer

The question mentions fixed capital as 80,000 (sum of all partner's fixed capital)

Manoj Raj

CA Final

★ 12K+

2

235

Branch accounts

answered on 02-Nov-22 10:46

Please explain the 2 doubts that i have described in the below pdf....

latest answer

Ok sir thank you

James Js

CA Inter

★ 1K+

4

286

Branch accounts

answered on 01-Nov-22 15:36

What is the meaning of 'Branch/ H.O Current A/c' highlighted in below attached pdf? Why the value given in debit of Head office's T/B is written on credit of Branch's T/B?

latest answer

Thank you very much...... Understood

James Js

CA Inter

★ 1K+

4

251