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AS-10: Property, plant & equipment

Accountancy

answered on 24-Sep-22 21:45

How is Land valued at 5 lakhs?

latest answer

Okay, Thank you.

Sharon M Jacob

Sharon M Jacob

CA Inter

1K+

4

471

Consolidation Of Financial Statements

Accountancy

answered on 28-Sep-22 17:15

How did they got tax expenses.

latest answer

Ok Thanks

Harsh Mittal

Harsh Mittal

CA Final

1K+

2

562

Consolidation Of Financial Statements

Accountancy

answered on 28-Sep-22 17:16

Why they have deducted amount of dividend in calculation of Minority Interest.

latest answer

Ok thanks

Harsh Mittal

Harsh Mittal

CA Final

1K+

3

496

Branch Account

Accountancy

answered on 24-Sep-22 15:52

Do we create BRANCH CREDITORS account in branch accounting???

latest answer

Many of the case NO, BUT if the branch purchase goods, other than those sent by HO , on credit thencreditors account may be asked . I don't think will be asked in exam

Prathmesh kharul

Prathmesh kharul

CA Foundation

3K+

2

428

Consolidated financial statements practical ques 4

Accountancy

answered on 23-Sep-22 22:46

.here it is assumed that there is no changes in the general reserve during yr... Alternatively , Can we assume that, this general reserve is arrived during the yr...accordingly can we divide the reserve given in b/w pre &post acquisition That is ( 1lac Ã? 6/12 ) = 50000 each for pre & post acquisition

latest answer

Yes

Sri Yoga Vishwa. P

Sri Yoga Vishwa. P

CA Final

2K+

2

440

CA foundation CHAPTER 8 PARTNERSHIP ACCOUNTS unit-2 treatment of goodwill

Accountancy

answered on 23-Sep-22 15:52

In Illustration 11 ,interest on capital is deducted from profits of relevant years But in, practical question 1, interest on capital is deducted directly from average profits Why is this different treatment ??

latest answer

My pleasure.

Monisha KM

Monisha KM

CA Inter

825

3

1K+

Bonus and right issue

Accountancy

answered on 23-Sep-22 10:19

Hello, Can fraction of a share be issued? If not assuming I hold 2 shares of a company and the company announces a bonus issue in ratio of 1:4, then will I be issued half bonus share or not? Kindly clarify.

latest answer

Sell to other existing shareholders at face value I suppose. Thanks sir.

Aswin Chandar

Aswin Chandar

CA Final

40K+

7

606

Non - Banking Financial Companies

Accountancy

answered on 24-Sep-22 05:54

The period should be 3 months.

latest answer

Yeah but it's Systematically Important

Harsh Mittal

Harsh Mittal

CA Final

1K+

2

596

Difficultly

Accountancy

answered on 29-Sep-22 21:37

Sir not understand accountancy from where to start and from where to read ......many questions sir....feeling very discourage for account..... Plz help it out

latest answer

Start from easy chapters which has highest weightage such as accounting for special transaction, accounting process, depreciation etc

Vikas Patwari

Vikas Patwari

CA Foundation

3K+

30

557

Partnership

Accountancy

answered on 22-Sep-22 13:41

In question case 5 ioc=24000 But profit=15000 so why we treat it in p&l account Suggest your answer with reason

latest answer

My pleasure. You can mark best answer if you feel so.

Nakul Dixit

Nakul Dixit

CA Final

4K+

7

823