Forums
Advance accounts class
Accountancy
answered on 11-Jun-22 11:22
Hello sir, what should be the order in which the advance accounts class to be watched in Indigo learn?
latest answer
Start the topics which you might be aware like partnership
vs navin
CA Final
★ 1K+
6
692
Investment
Accountancy
answered on 06-Jun-22 11:13
What is the meaning of cum-right shares? Why In those shares amount of sold right not deduct from the cost of investment?
latest answer
Market price, which exists before rights issue, is termed as Cum-right Market Price of the share. Cum-rights shares are thus, whose price include the value of right. Can you be clearer in your second part of question? In these shares, rights sold are reduced from carrying amount if market value of investments immediately after their becoming ex-right is lower than the cost for which they were acquired.
Rakesh Shah
CA Final
★ 5K+
1
478
Rectification
Accountancy
answered on 06-Jun-22 10:55
For the 1st , can I write ?? Bank Dr.20000 To drawings 20000 And exp acc Dr. 12000 To bank 12000 ?? But answer is : Exp acc Dr. 12000 To drawings acc 12000
latest answer
Answer
Reetikaa R
CA Final
★ 7K+
3
600
Contingent liabilities
Accountancy
answered on 08-Jun-22 09:57
Contingent liability is need to be disclosed in the financial statements or not.
latest answer
Need to be disclosed
Jitendra Kumar
CA Final
★ 41K+
6
494
Profit or loss pre and post incorporation
Accountancy
answered on 05-Jun-22 18:22
Why bad debt recovery has double effect? Please elaborate
latest answer
Bad debts recovery is not related to this year so we shouldn't deduct them from bad debt and As the bad debt are recovered they are recovered from PY debtors it's a income so it should be shown as income and it is pre incorporation only
Rinuja TK
CA Inter
★ 10K+
2
896
Ind AS 12 Income taxes
Accountancy
answered on 08-Jun-22 14:53
In identifying the expectations for the Deferred Tax Asset or Deferred Tax Liabilities (DTA/DTL), In a transaction where it is not a business combination & neither impacts accounting PROFIT or taxable PROFIT - in such case no DTL/DTA to be recognised. Doubt:- where the transaction impacts only the accounting LOSS, is DTA/DTL to be recognised or not
latest answer
Yes
Chandu vadla
CA Final
★ 11K+
1
555
Liquidation expenses doubt
Accountancy
answered on 03-Jun-22 20:16
Why good will account to be debited in case of Liquidation expenses is paid by purchasing company in purchasing method
latest answer
Thanks
Venkatesh .
CA Inter
★ 4K+
7
634
Partnership accounts
Accountancy
answered on 03-Jun-22 11:51
In May 22 paper, dissolution of partnership firms question. Instead of doing adjustments in p/l adjustment account I did the adjustments in realization account. Is it OK?
latest answer
No problem
Nikhil Vasanth
CA Final
★ 4K+
3
432
Bank Reconciliation Statements
Accountancy
answered on 03-Jun-22 09:19
What is the meaning of initials on right side of pass book format
latest answer
It's sign
Subramanyam N
CA Inter
★ 6K+
5
435
Consolidated financial statements
Accountancy
answered on 11-Jun-22 21:43
Sir/mam , can you please explain me the reserve working note. Another doubt is how change in opening inventory will not affect p and l. It will change the closing profit know sir/mam.
latest answer
Thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
3
446