Forums
As 4
Accountancy
answered on 20-May-22 22:31
This non adjusting event will become adjusting event because it affects the entity or substratum of the entity ,going concern basis of accounting,right?
latest answer
Yes
pradyumna hariramani
CA Inter
★ 290
3
402
AS-29
Accountancy
answered on 21-May-22 16:35
Pls confirm whether the answer to this question is correct or not
latest answer
No worries.
Sri Ram T
CA Final
★ 13K+
12
475
As 26
Accountancy
answered on 20-May-22 19:41
In question 12.10 , subqueation 1&4 ,1 is treated as an intangible asset but 4th case is debited to p&l account 50 lakhs.In first case the legal expense will indirectly result in future economic benefits but isn't it same as in 4th case, marketing expense will also lead to future economic benefits and should be recognized as an Intamgible Asset. In 3rd case , Co, wants to capitalize 25 lakhs by disclosing it as a prior period item.What does prior period item have to do with this?Now,that it has met the recognition criteria ,why shall we not recognize it as an intangible Asset.
latest answer
And in the 3rd case, as per AS-26 when an expenditure on an intangible asset is already charged to P&L a/c it cannot be reversed and recognised in the C.Y even if it meets the recognition criteria and in this case the company wants to capitalize it as a prior period but prior period items are income or expenses which arise in the current period as a result of errors or omissions in the F.S of one or more prior periods and the 25L expenditure is not an error or omission
pradyumna hariramani
CA Inter
★ 290
2
443
Partnership acc
Accountancy
answered on 20-May-22 19:16
In this questions , drawings acc means wat shd I assume??
latest answer
Yes it is mistake in old SM. It is 5000pm in new SM
Reetikaa R
CA Final
★ 7K+
5
473
Amalgamation
Accountancy
answered on 20-May-22 14:28
How debenture adjustment calculated here ?
latest answer
Thanks bro...
Madhaan S
CA Final
★ 14K+
5
695
As 5
Accountancy
answered on 20-May-22 15:00
In question 2.11 ,subpart 2 &4 how are they not a change in accounting policy.?
latest answer
Thanks ,understood!
pradyumna hariramani
CA Inter
★ 290
5
458
Esop
Accountancy
answered on 20-May-22 17:01
What is the meaning of fair value model?
latest answer
The fair value of an ESOP is calculated using an option-pricing model like, the Black-Scholes or a binomial model. For performing fair valuation of ESOPs, the Black-Scholes model is mostly preferred as it takes into account the various factors like Time Value, Interest Rate, Volatility, Dividend yield etc. For this instead of intrinsic value we consider the fair value given in the question.
Rakesh Shah
CA Final
★ 5K+
2
663
Accounting standard 22
Accountancy
answered on 20-May-22 11:20
Here in amount debited to P&L is different but in the video in that illustration amount debited to P&L is different Explain
latest answer
Thank you sir
archana shanmugam
CA Final
★ 3K+
8
463
True or false
Accountancy
answered on 07-Jun-22 20:13
Purchase account in the ledger shows all purchases True or false
latest answer
False
Nai Jay
CA Inter
★ 7K+
30
808
Liquidation of companies
Accountancy
answered on 20-May-22 10:23
In module Sum -7 and 8 in both preferance dividend is there but In 7 dividend not paid to pre. Holder But in 8 dividend is paid to pre. Holder Why???
latest answer
We are working on special characters. %
Jiya T
CA Inter
★ 10
9
600