Cash flow statement, dividend paid

answered on 23-Apr-22 16:27

Why is the dividend paid not added back to the net profit for arriving at the operating cash flow,as it a non operating expense(icai illustration 8)

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Thanks sir

mani charan

CA Final

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7

276

amalgamation and sale of partnershipfirm

answered on 24-Apr-22 23:46

in question no:8 , why the goodwill has not brought into partners capital accounts?

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thank you sir. for clarification. i got it

Thalanki Balaji

CA Inter

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5

238

AS 3

answered on 24-Apr-22 10:51

Practical qn5 (iv) (v) and illustration 3 answers are confusing

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Cash flow from investments is shown on a gross basis. Tax paid (including TDS) is shown as outflow

Aabith Sha

CA Inter

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3

272

AS 3

answered on 22-Apr-22 20:40

AS 3 confusing one

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Interest earned will be shown on gross basis. Tds will be shown as taxes paid.

Aabith Sha

CA Inter

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1

263

Investments from group-01

answered on 22-Apr-22 19:50

In that they both from dividend income on credit side but they recorded on different column one in dividends and other one in amount column.can anyone help me to get out of this doubt ??ð?¤?

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If dividend is pre acquisition then it is adjusted against cost of investment. If dividend is post acquisition, it is treated as income.

Hemanth Vadagam

CA Inter

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2

253

Insurance claims

answered on 23-Apr-22 18:26

illustrations 8 and 9 why G.P is calculated on adjusted annual turnover instead of calculating on gp/g.p+uisc. Please clarify me sir

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Thank you sir

SUMANTH MANNAVA

CA Inter

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3

258

Memorandum markup account

answered on 17-May-22 20:59

Can anyone explain the first adjustment Department accounting Icai illu 7

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Sry bro..it's changed from previous attempt related materials..my answer is right according to that now it is 1260+360

mani charan

CA Final

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9

559

MCQ

answered on 22-Apr-22 19:52

Net assets and capital mean the same right. Here, in this MCQ below, option c could also be correct. Right?

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There is no standard definition of some financial ratios. If you consider net assets as total assets - outside liabilities, then net assets = capital.

Sibi Srinivasan

CA Final

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2

268

Insurance Claims

answered on 21-Apr-22 11:17

Good Morning Sir/Madam , In the "Accounting - CA INTERMEDIATE Group 1( Without AS ) - Chapter 9. Insurance Claims - Module No. 5 named "Illustration 4" , In the question it is mentioned that "Cost of salvaged being Rs11,200...." , From What I understood , "Cost of salvaged" means it doesn't include the profit portion . While the "Stock on the date of fire" includes the profit portion. So shouldn't we reduce the profit portion from the stock on date of fire , before reducing the salvaged value to compute the "Loss of stock due to fire ? (or) The "Cost of salvaged Rs11,200" simply means the amount Realized from the Disposal of the damaged goods ? Kindly Clarify.

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Thank you Sir

Avasarala Vivek Aditya

CA Inter

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2

253

Company accounts

answered on 21-Apr-22 10:15

Will companies prepare balance sheet only at end of the accounting year or some companies does releases profits they earned on quarter or semi annually so will there be preparation even at that time also?

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Companies may prepare balance sheet as at end of any period. Companies do prepare monthly balance sheet (internal reporting purpose - for management) Quarterly - Generally by listed companies as per listing agreement - These are not full fledged. https://www.infosys.com/investors/reports-filings/quarterly-results/2021-2022/q1/documents/consolifrsinr-fy22-q1-finstatement.pdf

Sugam SM

CA Foundation

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1

268