depreciation and amortization

answered on 18-Jul-24 00:56

sir depreciation and amortization please explain Scrapped value assets disposal Provisions for depreciation accounts is maintained and not maintained Machinery disposal

latest answer

For tangible asset depn applied, for intangible asset amortization Both are same but names are different

Swathi Swathi

CA Foundation

★ 0

2

73

TDS TCS Advance tax

answered on 12-Jul-24 15:09

Where to learn complete entries and treatments of TDS, TCS, advance tax from journal entries to financial statements?

latest answer

I think it's basic ,while deducting TDS when making payment to vendor ,vendor A/c dr ,to TDS payable ac to bank a/c

Shubham .shubham

CA Inter

★ 885

1

64

Amalgamation

answered on 12-Jul-24 09:14

In case of amalgamation in the nature of merger if paid up capital is greater than pc we have to credit p/l ac instead of capital reserve?

latest answer

No.

Pradeep Jeeva

CA Inter

★ 90

1

43

depreciation and amortization

answered on 15-Jul-24 14:18

Sir please send accounts depreciation and amortization modules back Practical questions videos

latest answer

Will record a video on this and share it here.

Swathi Swathi

CA Foundation

★ 0

12

82

depreciation

answered on 12-Jul-24 11:35

Please send depreciation module back practical questions videos

latest answer

What is the doubt?

Swathi Swathi

CA Foundation

★ 0

2

55

depreciation and amortization

answered on 15-Jul-24 21:25

Please send videos accounts depreciation and amortization practical questions

latest answer

Questions are based on same concepts covered in illustrations. If you have a doubt you can ask as a separate query.

Ayyala somayajula swathi Swathi

CA Foundation

★ 0

3

69

AS 5

answered on 12-Jul-24 11:37

in the illustration 4 can we say the provision created on staff welfare as an accounting estimate

latest answer

Yes

Niveta Rajkumar

CA Inter

★ 1K+

1

65

Capital account

answered on 09-Jul-24 10:47

Sir why do we write capital account in liability side of balance sheet?

latest answer

Amount payable to owner

Ajaykumar Parit

CA Inter

★ 140

1

59

AS 22

answered on 06-Jul-24 12:19

As per AS 22 , the business has loss say 100,000 RS and it is virtually certain that the company would have sufficient profit in the future. The loss can be carried forward for 8 yrs. Tax rate 40%.Why are we claiming 40000RS as deferred tax asset for the year 1?If there is a loss and we aren't paying tax for it why is it a deferred tax asset?

latest answer

Because we would save tax in future. So there is a benefit in future because of current year loss

Niveta Rajkumar

CA Inter

★ 1K+

1

86

AS15

answered on 03-Jul-24 15:20

Under AS 15 "employee benefits" what all are the items to be recorded in P&L a/c and balance sheet each year?

latest answer

The following items need to be disclosed in the Balance Sheet: Defined Benefit Obligation: The present value of the defined benefit obligation. Fair Value of Plan Assets: The fair value of plan assets at the balance sheet date. Net Defined Benefit Liability or Asset: The net total of the defined benefit obligation and the fair value of plan assets. Unrecognized Past Service Cost: Past service cost that has not yet been recognized. Actuarial Gains and Losses Not Recognized: Actuarial gains and losses not recognized in the balance sheet but disclosed in the notes.

Niveta Rajkumar

CA Inter

★ 1K+

2

70