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Disclosure
Accountancy
answered on 06-Nov-25 11:16
There is a doubt if we don't show the income or expenditure below 1 lakh or 1% of the revenue whichever is higher. Then doesn't that affect our profit & loss a/c if we don't show the immaterial things then should we not consider the immaterial things as expenses or income.
latest answer
We will show all income and expenses. They will be clubbed as other expenses and separate disclosure is not required.
Snehashis Mohanty
CA Inter
★ 35
1
268
Asset
Accountancy
answered on 30-Oct-25 22:46
Is cash is a fixed asset or current asset [Video Time Stamp: 06:07]
latest answer
Current asset
Sai Kasani
CA Foundation
★ 0
1
252
government grants
Accountancy
answered on 26-Nov-25 18:19
the question provides "How the refund of the grant is dealt with in the books of Mac Ltd. assuming that the company did not charge any depreciation for the year 2019-20", in this case there's no need to provide depreciation for 2 months right? when the question explicitly provides to assume no depreciation charged, assuming depreciation charged for 2 months will be wrong right?
latest answer
Yes.
Ritu Kotian
CA Inter
★ 19K+
8
224
Intangible assets
Accountancy
answered on 30-Oct-25 09:54
In this question, when they say company follows an accounting policy to amortise on SLM over “maximum period permitted by AS” do they mean 10 years or as mentioned in the question
latest answer
If useful life is less than 10, take actual useful life.
Ritu Kotian
CA Inter
★ 19K+
1
184
Financial statements illustration 3
Accountancy
answered on 27-Oct-25 18:10
Sir in this question other current liabilities is 67,500₹ in video but in TB it is 1,07,280₹ sir.. [Video Time Stamp: 20:05]
latest answer
Achha tq sir
Bhavani Hadpad
CA Inter
★ 5K+
2
191
P&l
Accountancy
answered on 27-Oct-25 09:38
Can anyone explain me the p&L Item Changes in inventory. Of P&l item with simple example
latest answer
Raw material consumed is Opening stock of RM + Purchases of RM - Closing stock of RM. (Basically coming from Manufacturing account) Changes in inventory is used for finished goods.
Snehashis Mohanty
CA Inter
★ 35
5
241
MAT
Accountancy
answered on 26-Oct-25 09:35
How to know when the Mat is Applicable?
latest answer
Only when you compute you will know
Snehashis Mohanty
CA Inter
★ 35
3
195
WIP
Accountancy
answered on 27-Oct-25 09:27
C an anyone give me a simple example of this WIP?
latest answer
WIP is valued at cost using costing principles.
Snehashis Mohanty
CA Inter
★ 35
3
216
Consolidated Financial Statements
Accountancy
answered on 24-Oct-25 14:35
#3. Question |September 2024 Exam, 14 marks | pg. no 31.6 in compiler please explain (4) Goodwill/Capital Reserve on the acquisition of Cool Ltd.'s shares
latest answer
PFA
Ritu Kotian
CA Inter
★ 19K+
1
226
MAT
Accountancy
answered on 24-Oct-25 09:08
When to use MAT how to know and what are the conditions?
latest answer
You will learn about AMT in inter and MAT in final
Snehashis Mohanty
CA Inter
★ 35
1
237