Can trade payables be taken as lenders?

answered on 15-Oct-24 10:17

In the solution loan was taken as lenders. Is it ok to take trade payables as lenders and solve.

latest answer

Trade payables are creditors for purchases of goods and services. You cannot take trade payable as loan.

Nova Shaji

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NPO

answered on 15-Oct-24 10:28

9th question answer with the detailed explanation of the question

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Please solve it by yourself, if you have any doubt while solving ask here

Ranjit Kummar

CA Foundation

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Amalgamation

answered on 14-Oct-24 11:33

Can anyone explain the adjustment from general reserve for this question

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That's a confusing way to present answers. You take the net assets taken over and compare that with the purchase consideration.

Niveta Rajkumar

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AS 15 Illustration 6

answered on 14-Oct-24 11:38

How does reduce in unamortised past service costs leads to reduce in assets

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For explanation purpose considered as a notional asset. (Something like expenses not yet written off)

Nagachaitanya Nomula

CA Inter

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AS 19 Finance lease disclosures

answered on 14-Oct-24 11:40

I didn't understand point (a) and subpoints of point (b)

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a)Disclose Gross Investment in Lease and show the computation of present value of MLP. Basically discount Gross Lease Rentals and show calculation of PV of MLP b) It is an ageing analysis. Like how much will be received in the next 1 year and so on. Both in Gross Terms and PV terms.

Nagachaitanya Nomula

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Negative marks

answered on 13-Oct-24 15:55

Is there negative marks for MCQ's in Acc & Law .

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No

Lathika

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Branch Accounting

answered on 12-Oct-24 11:24

c) -In this sum , How to find Gp in Trading A/C

latest answer

Which part of the preparation of Trading account are you stuck on?

Lathika

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Schedule 3

answered on 10-Oct-24 09:37

From the following particulars furnished by NM Ltd. Prepare the balance sheet

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Please solve the solution by yourself. If you have any doubts while solving the solution ask them here

Pranav Ch

CMA Inter

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As19 Illustration 1

answered on 10-Oct-24 11:04

Question: X Ltd. sold JCB Machine having WDV of Rs.20 Lakhs to Y Ltd. for Rs.24 Lakhs and the same JCB was leased back of Y Ltd to X Ltd. The lease is operating lease. Comment according to relevant Accounting Standard if (v) Fair value is Rs. 18 Lakhs and sale price is Rs. 19 Lakhs Solution: (v) When fair value is Rs.18 lakhs & sale price is Rs. 19 lakhs, then the loss of Rs.2 lakhs (20-18) to be immediately recognized by A Ltd. in its books and profit of Rs.1 lakhs (19-18) should be amortized/ deferred over lease period. My doubt: shall we have to recognize the loss of 2 lakhs as impairment loss in the books of A ltd. ?

latest answer

it depends on different scenario. if sale price is higher than fair value, excess is ignored. if sale price is less than or equal to fair value - then sale price.

Nagachaitanya Nomula

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As 16

answered on 06-Oct-24 16:16

What is meant by qualifying asset??

latest answer

Usually 12 months, it depends on situation

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