As 12 Government grants.......

answered on 20-May-22 21:55

In certain cases government grants are refunded , how cab I find out this grant is refund to government?? What are the categories

latest answer

Thank you

MPR Sanjay Kumar

CA Inter

★ 490

4

314

Purchase Consideration

answered on 18-May-22 10:34

In this problem how to calculate no.of preference shares?

latest answer

Yes

Kumar G

CA Final

★ 12K+

6

302

Rectification of error

answered on 20-May-22 23:01

A bad debt of `1,560 had not been written off and provision for doubtful debts should have been maintained at 10% of Trade receivables which are shown in the trial balance at `23,390 with a credit provision for bad debts

latest answer

Nice

SHARMA MUKESH

CA Inter

★ 11K+

5

335

Average due date

answered on 18-May-22 10:47

For the given question, in the answer, for the no of days, they have taken 1 day instead of 0 for base date. Is this correct?

latest answer

In the answer , they had clearly mentioned that "01.01.2019 is the date of brought down balance and not the date of transaction" , So 1 day from base date i.e 0101019

Pranaya Ramaprasad

CA Foundation

★ 0

4

268

Banking -liquid assets+ CRR

answered on 18-May-22 14:22

What is the rate of CRR? While calculating excess liquidity which rate applied on deposits? Banking companies question

latest answer

SLR

Jiya T

CA Inter

★ 10

3

257

Financial statements of companies

answered on 17-May-22 21:05

In part 1 of schedule ||| , in the place where balance sheet states 'cash and cash equivalents', the solutions for illustration and practice questions in ICAI study material states 'cash and bank balances'. Please explain

latest answer

Cash and cash equivalents refers to the line item on the balance sheet that reports the value of a company's assets that are cash or can be converted into cash immediately. Cash equivalents include bank accounts and marketable securities such as commercial paper and short-term government bonds. Hence, Cash and cash equivalents is shown as cash and bank balance

Rinuja TK

CA Inter

★ 10K+

1

245

government grants

answered on 16-May-22 23:11

Sometimes in government grants are refunded, what are the categories of that accounting standard 12 government grants

latest answer

Govt grants related to specific fixed assets Govt grants related to revenue Govt grants related to promotors contribution

MPR Sanjay Kumar

CA Inter

★ 490

1

307

Internal Reconstruction

answered on 16-May-22 14:04

Why is patents and copyrights not written off in this? Question no. 7 Study material. Should we write off only if mentioned in the question?

latest answer

Only goodwill will be written off if nothing is mentioned.

bharath M

CA Final

★ 19K+

1

332

Government grants AS12

answered on 16-May-22 12:08

Can you please anyone explain me give solution

latest answer

Sure sir ð??? thank you so much

MPR Sanjay Kumar

CA Inter

★ 490

4

296

Liquidation of Companies, Illustration 7

answered on 16-May-22 11:12

Why the 1) Preliminary Expenses 2) Preference Dividend were not taken in Liquidators Final statement?

latest answer

Please share the question.

Rahul Chandramouli

CA Final

★ 600

2

275