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Pre and post
Accountancy
answered on 15-May-22 10:04
How did they calculate the interest amt
latest answer
50 lakhs x 12% for 1 year = 6 lakhs 1.17 crores x 12% for 3 months = 3.51 lakhs (You can directly take it as balancing figure) The question mentions that the purchase consideration was settled with interest. SO interest up to 1st April is pre incorporation.
Gauri Shete
CA Final
★ 4K+
3
382
Departmental accounts
Accountancy
answered on 15-May-22 06:37
It is given that it is on cost then why is stock reserve has been taken
latest answer
They said cost for the transfree department that means Transferor department sent goods at selling price So we need to find unrealised profit
Harsh Mittal
CA Final
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1
507
Loss of stock
Accountancy
answered on 15-May-22 10:11
How the Gross profit percentage is 1/3.
latest answer
Previous year gross profit is 20%. So if S.P = 100, GP = 20 Next year S.P inceased by 20. So revised SP is 120, Cost is 80 (assumed to be same) and GP = 40. So GP ratio is 33.33%
uma uma
CA Inter
★ 5K+
1
331
As. 1
Accountancy
answered on 14-May-22 23:24
What will be the answer if question contain not going concern and what it's treatment
latest answer
Yes it is not a policy....it is fundamental accounting assumption
Lakki Kamu
CA Final
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4
414
FS
Accountancy
answered on 14-May-22 20:07
How p and l is prepared when going concern is not assumed
latest answer
Thank you
Umayal Lakshmanan
CA Final
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2
379
Insurance
Accountancy
answered on 14-May-22 19:34
While calculating adjusted annual turnover, in few sums trend have been adjusted for current year and in sums its not adjusted. Which one should be followed in exam?
latest answer
Ok. Thank you
Umayal Lakshmanan
CA Final
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3
394
Financial Statement of companies
Accountancy
answered on 14-May-22 18:03
Is Interim dividend paid as expenses or only adjusted in P&L A/c balance (BS)...?
latest answer
Tanq frnd
Ravikumar Pandi
CA Inter
★ 2K+
4
387
Consolidated Financial statements
Accountancy
answered on 16-May-22 13:15
What is the adjustment for dividend paid to minority shareholders in Cons. FS ? Where is this amount adjusted ? In case of Holding co. It is adjusted either by bank and p&l in case of post acquisition AND P&l and investment in case of Pre acquisition( if cr wrongly before ) But, how to adjust the balance amount of dividend for minority shareholders?
latest answer
Thankyou so much sir.
Madhaan S
CA Final
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16
633
Internal Reconstruction
Accountancy
answered on 14-May-22 15:45
Can any pls explain how they arrived at 7,68,750 in the 8th entry
latest answer
Got it brothers,Thank you. A bit confused because of the question saying equity share capital cancelled is to be applied to
Sri Ram T
CA Final
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3
513
AS10
Accountancy
answered on 16-May-22 18:36
Can anyone please explain this to me
latest answer
Thank you sir
Umayal Lakshmanan
CA Final
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2
445