Forums
Consolidation
Accountancy
answered on 26-Oct-22 11:28
Here interest â?¹400 is inter company balance which is to be eliminated right? They have eliminated but have also added â?¹400 in reserves and surplus ( profit and loss A/c) of holding company in consolidated balance sheet as qccrued interest.... Why?
latest answer
Since it is not yet accounted, there is not need for any further adjustment.
parvesh s
CA Final
★ 2K+
5
336
AS 5
Accountancy
answered on 26-Oct-22 09:17
Sir, this is May 18 RTP Question. They have mentioned that the sale of land is an extraordinary item. Is it an extraordinary item or an ordinary item of exceptional nature? In the lecture, Sir mentioned it as an ordinary item of exceptional nature.
latest answer
Thank you
Dhivyaa Latha
CA Inter
★ 4K+
7
645
Provisions for doubtful debt
Accountancy
answered on 26-Oct-22 11:30
If old provission is given in trail balance , does it will be less in debtor in balance sheet.
latest answer
To treat provision for bad debts as a liability is incorrect.
Anvar Ansari
CA Inter
★ 2K+
16
734
Buy back
Accountancy
answered on 23-Oct-22 07:21
Is there any difference between redemption of shares and buy back of shares?
latest answer
Redemption is used for redeemable shares. Buy back in other cases
Girinath A
CA Inter
★ 765
1
281
Net owned fund!
Accountancy
answered on 22-Oct-22 21:30
Is the solution is correct?
latest answer
ð???
Kumar G
CA Final
★ 12K+
2
384
Issue of shares
Accountancy
answered on 23-Oct-22 09:43
Please explain this sum....its very imp for exam...
latest answer
Amount to be credited to Forfeiture = Amount credited to share capital which is received. Here amount received = 1,125 x 4 (application) + 3,375 = 7,875
Vikas Patwari
CA Foundation
★ 3K+
11
338
profit & loss pre and post incorporation
Accountancy
answered on 23-Oct-22 13:19
what is the treatment for the "Advertisement" when the question is silent about whether it is particularly for sales or common for the whole year?
latest answer
thank you sir
PRANESHWARAN VENKATACHALAM
CA Inter
★ 10K+
8
275
Loss Recovered From Minority Interest AS 21
Accountancy
answered on 23-Oct-22 15:26
We already accounted for the loss of Minority interest(Beyond Face Value) as holding company loss for the Purpose of Consolidation.if we recover the loss what is the entry sir ?
latest answer
You will reverse the earlier adjustment made.
M Naresh
CA Final
★ 3K+
1
298
Wip valuation
Accountancy
answered on 22-Oct-22 16:00
How do we value wip, it is not given in any of the accounting books, be it ca foundation, inter or ind as 2 in ca final
latest answer
Cost of Rm , conversion and oh
MS Kishore
CA Inter
★ 1K+
4
268
Liquidation deficiency acc
Accountancy
answered on 22-Oct-22 13:09
Please anyone explain me the deficiency a/c of the sum attached along wid ur workings
latest answer
PFA -answers
Sai Swetha
CA Final
★ 7K+
2
364