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Insurance
Accountancy
answered on 14-May-22 19:34
While calculating adjusted annual turnover, in few sums trend have been adjusted for current year and in sums its not adjusted. Which one should be followed in exam?
latest answer
Ok. Thank you
Umayal Lakshmanan
CA Final
★ 6K+
3
355
Financial Statement of companies
Accountancy
answered on 14-May-22 18:03
Is Interim dividend paid as expenses or only adjusted in P&L A/c balance (BS)...?
latest answer
Tanq frnd
Ravikumar Pandi
CA Inter
★ 2K+
4
351
Consolidated Financial statements
Accountancy
answered on 16-May-22 13:15
What is the adjustment for dividend paid to minority shareholders in Cons. FS ? Where is this amount adjusted ? In case of Holding co. It is adjusted either by bank and p&l in case of post acquisition AND P&l and investment in case of Pre acquisition( if cr wrongly before ) But, how to adjust the balance amount of dividend for minority shareholders?
latest answer
Thankyou so much sir.
Madhaan S
CA Final
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16
532
Internal Reconstruction
Accountancy
answered on 14-May-22 15:45
Can any pls explain how they arrived at 7,68,750 in the 8th entry
latest answer
Got it brothers,Thank you. A bit confused because of the question saying equity share capital cancelled is to be applied to
Sri Ram T
CA Final
★ 13K+
3
465
AS10
Accountancy
answered on 16-May-22 18:36
Can anyone please explain this to me
latest answer
Thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
2
383
Inventory valuation
Accountancy
answered on 14-May-22 15:16
Sir for RM valuation it's always cost or replacement cost which is lesser ??? In this case no need to compare sale of FG with cost right sir ? Please provide insight in this matter sir totally confused sir ?? Becuz in nov 19 suggested answer hav done this ..
latest answer
If FG sold above cost - value at Cost If FG sold below cost - cost or replacement cost which ever is lower. You will never value any inventory above cost
Kiran Vijay
CA Final
★ 4K+
1
366
AS10
Accountancy
answered on 14-May-22 18:09
As per AS10 when cost model and revaluation model should be used in measurement after recognition
latest answer
Thank you
Umayal Lakshmanan
CA Final
★ 6K+
4
376
As 2 valuation of inventory if sp is less than cost
Accountancy
answered on 15-May-22 10:32
In nov 19 exam paper 1(c) as2,why the cost is taken for valuation
latest answer
Yes
mani charan
CA Final
★ 3K+
8
454
DOUBT ON AS 16
Accountancy
answered on 14-May-22 14:46
Loan of Rs.40,00,000 on interest rate 20% per annum taken on 1st july 2017 ... Loan was used for Purchase of plant and machinery worth 25lacs ... My exact doubt is the interest component on this borrowing why it is taken(as per the solution given) off to p and l as expense? Shouldn't it be added to the value of the assest?
latest answer
Ok i got it thanks ð???ð???
Ps v
CA Final
★ 16K+
7
327
Preference share
Accountancy
answered on 15-May-22 10:17
Even if there is any restrictions with min balance maintained in profit and loss the premium must be included in computation of requitement
latest answer
Premium paid must be reduced from P&L balance. And considering the remaining balance you would compute the number of shares.
Dimple Keziya
CA Inter
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1
351