Forums
Amalgamation of Companies
Accountancy
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
★ 3K+
1
255
Preparation presentation of financial statement
Accountancy
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
★ 6K+
1
336
Wholesale branch method
Accountancy
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
★ 1K+
1
438
Consolidation
Accountancy
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
CA Final
★ 4K+
3
306
Partnership
Accountancy
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
★ 4K+
5
425
Bounus shares
Accountancy
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
★ 1K+
3
318
Insurance claim Received
Accountancy
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
★ 3K+
2
294
Inventory presentation
Accountancy
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
★ 15K+
6
288
AS 11
Accountancy
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
★ 6K+
6
283
Profit prior
Accountancy
answered on 29-Oct-22 19:26
How to find purchase price ratio in thiz question
latest answer
Ok
PANTH PANCHOLI
CA Inter
★ 4K+
4
235