AS-3

answered on 19-Aug-22 23:36

What is the reason behind to deduct taxes after finding cash generated from operations?

latest answer

Because it is the revenue of business.., i.e.., income of business The tax is imposed on the income earned . So, tax is deducted after finding total cash from operations....

Sugam SM

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AS-3

answered on 19-Aug-22 14:01

How discount on issue of Deb is asset?

latest answer

Discount on issue of debenture is capital loss in nature , it is shown in asset side under other current assets till it is written off.

Sugam SM

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Redemption of Debentures

answered on 19-Aug-22 08:13

While calculating premium on redemption, equity shares which were converted ie. 15000 shares are also included? Why?

latest answer

Okay! Thanks bro...

Bumble Bee

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Journal Entry

answered on 18-Aug-22 22:53

1.Are bad debts personal a/c or nominal account?? 2.what is the journal Entry for Bad Debts??

latest answer

***Bad debts account are nominal accounts used to minimize the amount of accounts receivable on the income statement ***Record the journal entry by debiting bad debt expense and crediting allowance for doubtful accounts. When you decide to write off an account, debit allowance for doubtful accounts and credit the corresponding receivables account. I hope it helps you

Prathmesh kharul

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Investment accounting

answered on 19-Aug-22 08:58

Can anyone explain, how the dividend of 7500 pertains to pre acquisition period...

latest answer

Tq sir,

Sajeetha R

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BuyBack of Equity

answered on 18-Aug-22 20:10

Can anyone explain me this Note. Thanks in advance

latest answer

Thanks a lot for your help :)

theee k

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Internal transaction

answered on 18-Aug-22 19:45

What is internal transaction?? How we can entry in dissolution of partner

latest answer

Meaning An internal transaction is any financial activity that occurs within an organization rather than with a third party

Yuvraj Patel

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Good will

answered on 18-Aug-22 19:13

Explain about AS-26??

latest answer

Intangible asset is an non-physical non-monetary asset which is held for use in the production or supply of goods and services, or for rentals to others, etc. AS 26 should be applied by all enterprises in accounting of intangible assets, except: 1. Intangible assets that are within the scope of another standard financial assets 2. Rights and expenditure on the exploration for or development of minerals, oil, natural gas and similar non-regenerative resources 3. Intangible assets arising in insurance enterprise from contracts with policyholders, 4. Expenditure in respect of termination benefits.

Yuvraj Patel

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AS 22

answered on 18-Aug-22 14:00

For yr 20x3 why deferred tax liability is nil.?..it would've been 70k right?..why is it so?

latest answer

Because the differences have been reversed.

Sri Yoga Vishwa. P

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Cash flow statements

answered on 19-Aug-22 23:39

Why should we deduct decrease in inventory from operating profit ?

latest answer

Do seperate forum post for quick response

Jitendra Kumar

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