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AS 13 (Offset depreciation against appreciation)
Accountancy
answered on 29-Apr-22 19:24
It is possible to offset depreciation in investment mutual funds against appreciation of the value of investment in equity shares...?
latest answer
No
Ravikumar Pandi
CA Inter
★ 2K+
2
276
AS 13 Accounting for Investments
Accountancy
answered on 30-Apr-22 10:32
Investment reclassified, Current to long term: Investment valued at Carrying amount (i.e lower of cost or carrying amount) In this case difference between cost and carrying amount should be charged to P&L A/c or not...? i.e Cost is Rs. 18 lakhs ; Carrying amount is Rs. 12 lakhs. Investment valued at Rs. 12 lakhs, the difference of Rs. 6 lakhs want to charged to P&L A/c or not...?
latest answer
It will be charged to P&L
Ravikumar Pandi
CA Inter
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2
268
Presentation of answer
Accountancy
answered on 29-Apr-22 19:57
In case of ans involving many columns, can be turn the answer page n write like this?
latest answer
Yes ...but write it clearly
K Ca
CA Final
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3
302
Amalgamation
Accountancy
answered on 30-Apr-22 10:34
Whats the answer for this question
latest answer
Those are not to be taken over.
Dk 06
CA Inter
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4
320
Amalgamation of companies illustration:6.
Accountancy
answered on 28-Apr-22 16:25
In 9th entry how amount of rs.422500 came in realization and in 10th entry equity shareholders account is transferred for rs.1335500. but amount regarding the same in 9th entry is rs.1375500. balance in realization account is also 382500 for equity shareholders and if 40000 of preference share capital is added to it then 422500 can be arrived as realization balance in 9th entry. Please someone explain
latest answer
Welcome ð?¤?
V U Lakshmi
CA Final
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3
348
Cash flow statement doubt
Accountancy
answered on 28-Apr-22 15:04
Goodwill / patent /trademark/copyright comes under which activity
latest answer
If there is any sales or purchases of these intangible assets, will take place in investing activities. Amortization, being non cash item, should be shown in operating activity as adjustment (indirect method)
Remya Raveendran
CA Inter
★ 270
1
334
Employee Stock Option Plan
Accountancy
answered on 28-Apr-22 11:03
In Study Material Illustration problems (Illustration no. 5 and 6), 2 different approaches are taken regarding recognizing the employee compensation expenses amount. In Ilst. 5, Amount of expense recognized for year 3 is based on the formula: Fair value of options(active options)/Total number of years. In Ilst. 6, Amount of expense recognized in year 2 is by formula: Fair value of options(active options) for proportionate period - cumulative Amount of expenses till previous year. Can I apply the 2nd approach for all situations or is it approach specific?
latest answer
Thank you very much Sir. ICAI itself has confused by giving 2 approaches. Thanks for this help.
Rama Sesha Gopal
CA Final
★ 11K+
2
541
NPO - Receipts and payments A/c
Accountancy
answered on 28-Apr-22 12:56
In this attached question, in the paragraph below subscription details it is given as General expenses include insurance prepaid Rs.60. As this 60 is included in the Income and expenditure acc this cannot be amount received this year as prepaid. So then why is 60 added to 500 insted of deducting. Kindly explain. Thank you.
latest answer
ok thanks a lot bro
Aswin Chandar
CA Final
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6
427
Employee Stock Option Plan
Accountancy
answered on 30-Apr-22 10:35
Can someone pls explain the Illustration 6 of 'Accounting for Employee Stock Option' chapter.
latest answer
You need to take the most prudent approach. If in year 1 it is not met, we assume it would be done in year 2.
Rama Sesha Gopal
CA Final
★ 11K+
3
295
Liquidation of Companies
Accountancy
answered on 28-Apr-22 10:33
Sir, it preparing "LIST H- Deficiency account" important??
latest answer
You can prepare as per the workings given in class.
AAYUSH GUPTA
CA Final
★ 2K+
2
331