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AS 9
Accountancy
answered on 30-Sep-22 16:31
A claim lodged with the railways in March 20X1 for loss of goods â?¹2,00,000 had been passed for payment in March 20X3 for â?¹1,50,000. No entry was passed in the books of the Company, when the claim was lodged.Advise P Co. Ltd about the treatment of the following in the financial statement of Accounts for the year ended 31st March 20X3. Can someone explain the answer in simple termsâ?¦
latest answer
Okay Sir
Swetha S
CA Inter
★ 15K+
2
557
Cash Flow Statement
Accountancy
answered on 28-Sep-22 13:56
Can we present Cash Flow Statement in this manner rather than which is suggested by ICAI? And why they added Interest on Debentures to Cash Inflow from Operating Activities? And can i directly write Profit and Loss A/c value rather than showing in Cash Outflow from operating activities.
latest answer
I interpreted the answer in this way. Instead of adding separate entry for add less i was trying to deduct the value from closing balance.
A B
CA Inter
★ 105
4
614
Purchase
Accountancy
answered on 28-Sep-22 17:05
Here, selling price on units purchased is used to find out the total selling price.Why?usually we use SPÃ?units sold to find total selling price but here different.
latest answer
Thanks a lot
Shankari C
CA Inter
★ 12K+
7
378
Internal Reconstruction
Accountancy
answered on 27-Sep-22 21:48
What is the difference between reconstruction ordered by court & not by court
latest answer
Not by court is nothing but voluntary reconstruction So company on its own thinks to make internal reconstruction But in case of an order by law Tribunal orders the company to make internal reconstruction So basically diff between internal reconstruction and external reconstruction is in case of external reconstruction reconstruction takes place externally that means some sort of mergers, acquisitions, take overs comes under this criteria But in case of interna reconstruction rights of share holders and creditors will be changed nothing but reconstruction takes place internally
sasidhar cheboyina
CA Final
★ 95
2
365
ESOP
Accountancy
answered on 01-Oct-22 00:06
In ESOP,If a question gives the no of employees who left the company on an estimation basis for a year as well as real figures of employees left is given,then which no.of employees(real or estimated) to be considered for the calculation of employee compensation expense?
latest answer
Thank you sir
sarvani musti
CA Inter
★ 5
9
416
As2
Accountancy
answered on 27-Sep-22 11:13
Now, finally we have to consider or not..? That Amortization of intangible assets into inventory cost? Point C
latest answer
It should be taken
Divya K
CA Inter
★ 885
1
328
Banking company
Accountancy
answered on 27-Sep-22 09:17
Can anyone expain me this paragraph
latest answer
Deposit means others deposit with us ,if it is outstanding means out deposits with others which is like advance given by the bank Sane way For eg ,. Net payable ( after adjusting 25000 receivabke from the same person) X rs 970000 Like this they have given Now for presentation purpose Payable -- 970000 +25000= 995000 Receivable --- 25000 That's it
theee k
CA Final
★ 435
1
326
AS16 Burrowing Cost
Accountancy
answered on 27-Sep-22 09:14
Sir A movie company Import camera from foreign at that time custom duty laid weather we have to capitalize those cost
latest answer
yes. You will capitalise it as per AS 10.
Raguram R
CA Inter
★ 0
1
272
Rectification of error
Accountancy
answered on 26-Sep-22 21:40
Please explain fifth entry I can't understand this
latest answer
Most welcome.
Nakul Dixit
CA Final
★ 4K+
7
291
Financial Statements of Company
Accountancy
answered on 28-Sep-22 09:43
Sir as I highlighted the text; directors declared dividend of 8% on Equity Shares Transferring any amount that may be required from General Reserve. Right? But ICAI has not even reduced one single rupee from General Reserve and Profit and Loss A/c. Why so? And their balance sheet is accurately tallied.
latest answer
No worries. If you are able to figure out on own nothing like that. Also do not keep your query private. You will get faster response.
A B
CA Inter
★ 105
9
739