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Purchase consideration
Accountancy
answered on 09-Nov-22 21:31
For calculating purchase Consideration Under NAV method Cash & Bank balance is considered or not?
latest answer
Silent means taken over. But generally the question will be. Lear
sasidhar cheboyina
CA Final
★ 95
4
299
Significant influence
Accountancy
answered on 10-Nov-22 17:40
Does significant influence means holding atleat 20% of shares
latest answer
For companies share capital, others share in profit.
Shru Kanda
CA Inter
★ 610
5
384
Inventory valuation
Accountancy
answered on 14-Nov-22 18:43
In certain questions it is given that certain sum(X) is written off of an poor selling item having cost Y during the end of previous year. Kindly explain what will be the journal entry for such write off. Thankyou.
latest answer
Sorry for the confusion sir, I think I understood the concept kindly check if I am right. In Previous year no journal is passed to reduce purchases but only the closing stock was reduced to the extent of write-off value and as closing stock is not taken from any ledger there wouldn't a corresponding reduction in debit side. So the loss due to write-off will be considered in Gross profit while balancing. Thus while preparing Trading account to find maintainable GP for normal goods, original cost is reduced from purchases/opening stock and (original cost less write-off) is reduced from Closing stock.
Aswin Chandar
CA Final
★ 40K+
9
370
Eps As 20 ,illu 5
Accountancy
answered on 09-Nov-22 14:44
Why did they add interest expense of 12,00,000 shouldn't it be substracted from net profit.
latest answer
For the computation of Diluted EPS, the debentures have been converted into Equity shree which is a potential equity share, So the interest paid on debentures is a saving bcoz of conversion, so the net profit will be adjusted by increasing the interest saving on the debentures
Gauri Shete
CA Final
★ 4K+
2
298
Doubt- Adv accounting, Qstn paper : NOV 2019 INTER
Accountancy
answered on 09-Nov-22 12:10
Qstn number . 2(a) , pg number 4. Why have the subtracted 250000 from CRR . Also is there any specific order for transferring to CRR ? Like GR first , then securities premium, p and l ... ?
latest answer
Ohh thank you !!!ð???
Anjana Menon
CA Inter
★ 20K+
2
363
Capital employed
Accountancy
answered on 15-Nov-22 10:10
To find capital employed from balance sheet, which value we should take? Book value or agreed value Of assets and liabilities
latest answer
Thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
4
309
Internal reconstruction
Accountancy
answered on 09-Nov-22 10:08
In this sum why they didn't give journal entry for remaining debentures and can any one please explain me the journal entry for dividend payable
latest answer
Thank you so much
Umayal Lakshmanan
CA Final
★ 6K+
5
317
Fraud leading to dissolution
Accountancy
answered on 08-Nov-22 22:15
What will be the impact of a fraud by a partner on the garner vs Murray rule calculation - will the fraud be adjusted like general reserve before the calculation of the ratio to divide deficiency? Or will it be taken to realization account?
latest answer
First u have taken to realisation account And then u have debit the partner account Entry will be Debtor ac To realisation 2nd entry Partner capital To debtors ac
P H Ananthakrishnan
CA Inter
★ 175
1
341
Chapter 3 BRS
Accountancy
answered on 10-Nov-22 17:39
Overdraft means debit balance or Regular balance or debit balance as per pass book
latest answer
Pass book
Agree Thinking
CA Final
★ 5
3
262
Bill discounted renewal
Accountancy
answered on 08-Nov-22 17:07
What will be the journal entries for a bill discounted renewed
latest answer
After cancelling the original bill, Bill receivable a/c dr. To party a/c...when one draws a bill
Atharv Sankliya
CA Final
★ 3K+
1
284