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Insurance claims
Accountancy
answered on 13-May-22 16:52
Sir here annual turnover we have to take as zero sir
latest answer
In the question , they estimating policy amount to be taken( but not claiming loss )so to cover the loss that may /may not occur it's taken as G.P on annual turnover + additional expenses for better security (because to insure fully as per the given details )
Pandusml V
CA Final
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8
366
AS 16
Accountancy
answered on 13-May-22 06:17
In this question Why they are treating advance paid for additional asset is a Qualifying asset
latest answer
If sufficient information is not available, you need to make an assumption that either the asset is qualifying or not qualifying
nisam M
CA Final
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284
Use of free reserves
Accountancy
answered on 12-May-22 23:14
Is there any order for utilising reserve? i.e among p and l, general reserve which should be used first for giving bonus shares etc...
latest answer
Thank you
Umayal Lakshmanan
CA Final
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2
340
Mtp 2
Accountancy
answered on 13-May-22 15:27
I want clear explanation and ans for this question plsss
latest answer
I hope you understood
Pandusml V
CA Final
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3
342
Profit and loss pre and post incorporation
Accountancy
answered on 12-May-22 23:39
Sir in last thread you said that interest should be transferred to post period but in module it's been apportioned between pre and post period
latest answer
15,00,000 Ã? 9% Ã? 7/12 = 78750
Harsh Mittal
CA Final
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386
Liquidation of Companies
Accountancy
answered on 23-May-22 10:20
Can anyone explain how it comes as 59lakhs?
latest answer
Okay thank you sir
Manoj Raj
CA Final
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370
As1
Accountancy
answered on 12-May-22 16:09
Sir ca any one explain question meaning in simpler terms
latest answer
Well explained!
Pandusml V
CA Final
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5
366
As 11
Accountancy
answered on 12-May-22 18:30
How to identify that this is a speculative transaction
latest answer
Because it is not used to hedge
Gauri Shete
CA Final
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4
327
Profit or loss pre and post inc.
Accountancy
answered on 12-May-22 16:05
If in this case if the loan was taken on 1st November instead of 1st September than will there be any change in distribution of interest in pre and post period and if yes then what will be the amt. Transferred to pre and post period
latest answer
Yes..post incorporation
Harsh Mittal
CA Final
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7
317
Inventory
Accountancy
answered on 12-May-22 14:03
Sir can we do trading account for calculating closing stock and provide other details in statement format like for abnormal items and calculate closing stock in trading account? I am referring to illustration8
latest answer
Yes. It can be done using that formula.
Sugam SM
CA Final
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379