AS 12 Government Grant - Entry for Non Monetary Grant

answered on 07-Sep-24 17:17

When an Asset is received at a free of cost, do we credit Bank A/c or Capital Reserve for the Nominal value?

latest answer

Capital reserve

Vishnu Muraleedharan

CA Final

★ 32K+

1

148

CA INTER AS 5

answered on 04-Nov-24 13:32

Can not understand the which one will be the answer and why

latest answer

ITs estimated by management.

Deep Saha

CA Inter

★ 0

8

3K+

AS 19

answered on 09-Sep-24 15:38

If a question does not specifically mention whether the lease agreement is financial or operating ( or does not even satisfy any of the conditioyn which make them financial or operating lease). What will we assume it to be?

latest answer

If conditions not satisfied, than operating lease.

Sagar Kathuria

CA Inter

★ 3K+

3

108

Working capital changes

answered on 06-Sep-24 11:01

Sir if capital reserve opening- nil and closing-200000. Then can we write it down under working capital changes in operating activity?

latest answer

No. For any reserves movement, you need to prepare working to find out profit or loss for the year.

Ajaykumar Parit

CA Inter

★ 815

1

98

Inventory

answered on 05-Sep-24 19:24

Difference between cost of goods sold and cost of sales

latest answer

Cost of sales includes selling and advertisement expenses and distribution expenses, COGS does not include selling and advertisement expenses and distribution expenses,

Sathya S

CA Foundation

★ 3K+

1

110

AS 28 - related to carrying amt of CGU

answered on 10-Sep-24 09:37

What do these liability refer to? Is it added or subtracted from carrying amount? What exactly is the treatment in such cases in reference to the extract from the textbook Also could you explain the example in the 2nd attachment

latest answer

Ok, thank you sir

Rania D'souza

CA Inter

★ 650

3

54

Sir this question branch inward average rate or opening rate

answered on 09-Sep-24 17:09

Sir this question branch inward average rate or opening rate

latest answer

Ok sir, thank you

R G

CA Inter

★ 9K+

5

133

2500×36 closing stock calculation correct sir

answered on 09-Sep-24 18:37

and furniture 4 rs difference so I increase furniture appreciation 1340×4

latest answer

Ok thanks

R G

CA Inter

★ 9K+

4

130

Sir this question adjustment Pl discuss in live revision class 5th sep

answered on 09-Sep-24 18:36

Sir this question adjustment Pl discuss in live revision class 5th sep

latest answer

Ok sir thanks

R G

CA Inter

★ 9K+

10

176

Particular column me closing rate will come

answered on 03-Sep-24 17:39

Sir particular column me closing rate will come

latest answer

38 video it's correct

R G

CA Inter

★ 9K+

1

97