Cash flow statement

answered on 30-Oct-22 14:34

In indirect method, If debentures opening and closing balance is given (eg. 10% debenture) How to find interest? On opening balance or closing balance?

latest answer

Thankyou sir

vs navin

CA Final

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Amalgamation of Companies

answered on 30-Oct-22 12:27

In case of Unrecorded Asset , Can we Transfer to Realisation Account ?

latest answer

Only the sale value

M Naresh

CA Final

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227

Preparation presentation of financial statement

answered on 31-Oct-22 11:06

What is the classification of these items in financial statements from (xviii) to (xxii)

latest answer

Expenses

Subramanyam N

CA Inter

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284

Wholesale branch method

answered on 31-Oct-22 11:05

Why there is no creation of a reserve on goods sent?

latest answer

Because you are not preparing branch account.

Shaviri Reddy

CA Inter

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376

Consolidation

answered on 31-Oct-22 11:01

In the 1st part , its still an associate then why As 13 is applicable?

latest answer

AS 13 is applied for investments in standalone financial statements.

Logesh Warran

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261

Partnership

answered on 31-Oct-22 15:05

Why "Loan -Gopi Ltd" is not transferred to Realization A/c even though he is not a partner of the firm or Owner of the company?

latest answer

Got it Sir. Thanks a lot.

Dhivyaa Latha

CA Inter

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329

Bounus shares

answered on 31-Oct-22 11:03

Can we Provide Bonus Shares to Preference Shareholders?

latest answer

Bonus would be issued to equity shares only unless terms of shareholder agreements provide otherwise. The reserves belong to equity shareholder.

harkirat singh

CA Inter

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275

Insurance claim Received

answered on 30-Oct-22 12:00

Last Year we had Booked Total loss of 20,000rs due to Fire and current year we have received insurance Claim of 15,000 sir How to account insurance claim received.

latest answer

Last year we Did not know that Claim will Receive so transferred total Loss to p and L AC and Current Year we had received Claim, can we book that claim as income in current year, Whereas if we know at last year we could have net off with loss and Debit the Expense after Net off .Am i crct in taking claim as income

M Naresh

CA Final

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243

Inventory presentation

answered on 29-Oct-22 19:41

Should we present questions from inventory in the format given in the study material ( attachment 1) or it may be written in trading a/c and derive the answer as taught in the class( attachment 2)...the answer is same in both the cases

latest answer

Thank you both

Yamuna S

CA Inter

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221

AS 11

answered on 29-Oct-22 21:24

Why depreciation is not written in converted trail balance as. Dr item

latest answer

Okay

Subramanyam N

CA Inter

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232