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Trading A/C
Accountancy
answered on 13-Mar-24 14:58
If adjusted purchase is given the no need to write closing balance in Trading A/C right??
latest answer
Thank you sir
Vijaya Lakshmi Pojula
CA Foundation
★ 2K+
3
66
Profit sharing ratio
Accountancy
answered on 13-Mar-24 14:35
According to the video can we take 1:1:1 every time if new or old PSR is not given
latest answer
Ok sir
Arjun
CA Foundation
★ 6K+
2
35
Doubt regarding refund of tax adjustment
Accountancy
answered on 13-Mar-24 13:48
Please explain the treatment regarding refund of tax. Im getting answer as 42600 , when i added 1000 rupees refund of tax
latest answer
Pls share your working.
Parvathy Ajith
CA Inter
★ 0
1
67
Query in sale of land
Accountancy
answered on 11-Mar-24 12:31
Sir, it's actually on 1/4/01 amount of 480000 mentioned in question but u have mentioned as 440000 where is difference coming around 120000 but u have mentioned in book as 160000 Whether any other adjustments I have to be noted
latest answer
We made changes regarding that and uploaded in free resources
nive krish
CA Inter
★ 255
1
69
PLEASE HELP ME SOLVE THIS QUESTION
Accountancy
answered on 09-Mar-24 20:53
The Net profit before tax of Mitra Ltd was Rs 100 lakhs and the Income Tax rate was 37%. The company’s preference share capital has the following classes12% Non Cumulative preference share capital 10% Cumulative preference share capital In its accounts, Mitra Ltd. has declared/ paid following dividends on preference capital: On No cumulative preference shares- fully declared for the current year. On cumulative preference shares- for the past three years. Assume dividend distribution tax at 17% and that the company transferred Ra 5 lakhs to general reserve. You are required to calculate the net profit for the period, attributable to equity shareholders.
latest answer
Which video are you referring to?
Angry Toshniwal
CA Inter
★ 505
3
127
AS 10 PPE
Accountancy
answered on 10-Mar-24 13:19
Dear sir, Interest charges paid to the supplier of the plant for the "deferred credit term" means sir? Why is it not included while calculating the cost of assets? It's also mentioned in study material that it is not a qualifying asset.
latest answer
Okay sir. Thank you so much for clarifying.
Harshavardini K B
CA Inter
★ 6K+
3
42
Recognition of Bonus Payable - Interim
Accountancy
answered on 10-Mar-24 12:56
Hi sir, hope you're well. Bonus payable, must be proportionately accounted for prospectively over the interim periods, only if the same is a legal obligation. My doubt is whether the same treatment must be given, if the obligation isn't legal but constructive? Thanks.
latest answer
Yes
Devaprasad Jothimani
CA Inter
★ 0
1
36
As 28
Accountancy
answered on 10-Mar-24 13:01
I gone through the classes but still it's not clear that what is the difference between Bottom up test and top down test. In both the impairment loss is primarily setoff with Goodwill and secondarily with carrying amnt. Then what is the difference? Kindly consider my queries. Im really confused.
latest answer
Say we have 3 CGUs - A, B & C. If goodwill can be allocated on reasonable basis we allocate goodwill to A, B & C and test for impairment of each CGU - This is bottom up. If Goodwill cannot be allocated on reasonable basis, we identify the next higher level CGU. Say combination of A, B & C and then test for impairment of all three CGU (larger CGU) including goodwill. This is top down.
1 Minute Review
CA Inter
★ 105
3
63
As 25 Interim financial report
Accountancy
answered on 08-Mar-24 14:40
Can I know how the ansr 17000 is computed?
latest answer
Ok sr
1 Minute Review
CA Inter
★ 105
2
90
Provision for depreciation
Accountancy
answered on 10-Mar-24 13:10
In a companies balance sheet, should provison for depriciation be shown as a short term provision ? Or should the net value of asset be shown in asset side
latest answer
Reduced from the Gross book value.
Parvathy Ajith
CA Inter
★ 0
2
68