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Deferred Tax
Accountancy
answered on 14-Jul-22 06:34
Can anyone tells us, while computing Deferred Tax, should we consider temporary defference in Depreciation Value or WDV of the Asset?
latest answer
AS22 - Income approach - difference in depreciation Ind As 12 - Balance sheet approach - difference in WDV
Mahantesh Biradar
CA Final
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1
345
AS 3 CFS
Accountancy
answered on 08-Jul-22 06:49
Is there any Transitional Provision for AS3. I couldn't find anything in AS document provided by MCA. Exactly where it is mentioned(if any notification Please state notification No)
latest answer
Its a presentation standard and doesnâ??t impact income/expense or assets/liabilities. So no transitional provisions
Naveen kumar
CA Inter
★ 0
1
367
Monetary or non monetary
Accountancy
answered on 07-Jul-22 17:22
How inventories are non - monetary item?
latest answer
company's property, plant, equipment, and inventory
Geeta B
CA Inter
★ 5K+
5
443
Depreciation
Accountancy
answered on 06-Jul-22 20:39
Is the lapse of time or effluxtion of time is an external cause of depreciation or not
latest answer
Hope you understood
Subramanyam N
CA Inter
★ 6K+
3
409
Liquidation of accounts
Accountancy
answered on 11-Jul-22 19:11
Can anyone please explain it....why total tax amount i.e, 26000 treated as preferential payment...i mean tax amount within 12months treated as preferential creditor right...here they taken 2 year's tax
latest answer
If you see the question, assessment was completed in July X3.
Priyanka R
CA Inter
★ 20K+
9
457
Liquidation of companies
Accountancy
answered on 07-Jul-22 18:42
Can anyone please tell me is this correct method or not?
latest answer
Both methods are fine.
Priyanka R
CA Inter
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22
409
Depreciation
Accountancy
answered on 07-Jul-22 17:00
What is the answer for 17 question
latest answer
Answer
Subramanyam N
CA Inter
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3
377
Depreciation
Accountancy
answered on 21-Jul-22 20:26
How the answer is (a) I think the answer is (d)
latest answer
D
Subramanyam N
CA Inter
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5
359
Depreciation
Accountancy
answered on 05-Jul-22 15:16
How the answer is 12,000
latest answer
Depreciation = Original cost - salvage value/total production x 2nd year production = 1,26,000 - 6,000/50000 x 5,000 = RS12,000
Subramanyam N
CA Inter
★ 6K+
3
443
Depreciation
Accountancy
answered on 05-Jul-22 14:26
Why the answer is false for (c)(ii)
latest answer
The cost of repairs will increase gradually after the asset becomes old and the working life cannot be estimated reasonably ,their would be increase in repairs for such assets in later years.so written down value method is applied for depreciation and repairs together for a uniform charge .
Subramanyam N
CA Inter
★ 6K+
2
407