AS 29

answered on 02-Sep-22 16:10

"Reliable estimate of outflow" is necessary ingredient to qualify item as Provision under AS 29?

latest answer

To recognise an item in books, you must be able to make an estimate. Otherwise it will be disclosed as contingent liability.

Shubham .shubham

CA Inter

★ 885

3

305

AS 29

answered on 02-Sep-22 16:09

Possible obligation is necessary ingredient to qualify item as continent liability?

latest answer

Sometimes it can be a present obligation but the amount cannot be estimated. such items are also disclosed as contingent liability

Shubham .shubham

CA Inter

★ 885

4

324

calculate rate implicit of leads

answered on 02-Sep-22 21:05

Calculate value of r

latest answer

They will not be asking such time of questions in exams

Shubham .shubham

CA Inter

★ 885

2

274

Asset balance

answered on 02-Sep-22 16:23

Is asset having dr or cr balance

latest answer

Guys itâ??s a humble request please donâ??t post the same answer again & againâ?¦â?¦

IVIN ITTY JOHN

CA Inter

★ 0

6

288

BANKING COMPANY

answered on 02-Sep-22 16:01

CRR rate?? 4.5% OR 4% FOR NOVEMBER 22 ATTEMPT

latest answer

Okay thank you sir

Rick Y

CA Final

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5

363

Depreciation

answered on 02-Sep-22 15:44

In depreciation , Is it enough to study the SLM & WDV method ?

latest answer

Yeah u can . But i need to know abt other methods too

Shanmugam S

CMA Inter

★ 0

4

258

Journal Entry

answered on 02-Sep-22 15:49

Purchase of Car The journal entry should be Purchase a/c. Dr To Cash a/c Or Motor Car a/c Dr To Cash a/c

latest answer

See he can purchase the car on two reasons 1. He is into business of sale of cars 2. He uses such car for business purpose (ex:he travels by car to the client places) So if his business is sale of cars then it will be inventory for him so the entry will be as follows PURCHASES. A/C. Dr To Cash/Bank If he uses such car for business purpose then it becomes capital expenditure So entry will be as follows Car A/ C. Dr To cash/ bank

Prathmesh kharul

CA Foundation

★ 3K+

6

722

Inventory

answered on 02-Sep-22 21:09

oil used in machines is it inventory or not??

latest answer

Yes inventory

Prathmesh kharul

CA Foundation

★ 3K+

4

239

Inventory

answered on 01-Sep-22 22:25

For a car manufacturers WHEELS AND ENGINE is a RAW MATERIAL OR WORK IN PROGRESS???

latest answer

You can call it raw material.Work in progress is if a car is completed only half way,then it will be called as work in progress

Prathmesh kharul

CA Foundation

★ 3K+

6

253

Doubt

answered on 02-Sep-22 21:11

What is capital appreciation??

latest answer

Increase in the value of stocks, land such that such investor does not have involvement in such increase

Prathmesh kharul

CA Foundation

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6

222