Forums
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
349
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
564
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
★ 40K+
6
445
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
309
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
347
Amalgamation of companies
Accountancy
answered on 28-Apr-22 10:53
Book back questions number 5(sun and Neptune problem) , is book solution correct 1) purchase consideration includes debentures issued 2) before amalgamation itself debtors and creditors inter adjustment made ...... Kindly assist whether book solution is correct or not professionals.........
latest answer
Thanks sir .... I thought debentures were issued to debenture holdersð?¤? It was an misunderstanding on Interpretation of questions
poco m2 pro
CA Inter
★ 3K+
3
375
Provision for Doubtful Debt
Accountancy
answered on 27-Apr-22 10:23
Which provision for doubtful debt is to be deducted from debtors in the balance sheet Only which is required or Both which are given in trial balance and required. for example:- Bad and doubtful debt is given in trial balance is â?¹1650 and Provision for doubtful debt is to be maintained @ 1% of sales (given in additional information) how much amount is deducted from Debtors in the balance sheet? (Sales for the year is â?¹167200)
latest answer
If Bad debts are given in trial balance -> It means that the debtor balance is already adjusted. Entry which is already passed Bad Debt Dr. [Expense] To Debtors [Asset] so you are not required to reduce this balance from debtors again. If provision is given in trial balance - this will be reduced from debtors balance.
Jitendra Kumar
CA Final
★ 41K+
4
8K+
Partnership Accounts - Retirement
Accountancy
answered on 27-Apr-22 13:16
Kindly someone help me with the goodwill adjustments entry. I couldn't get the right goodwill table entry. Thank you.
latest answer
ok thanks for the confirmation bro.
Aswin Chandar
CA Final
★ 40K+
2
436
Journal entry
Accountancy
answered on 03-May-22 10:15
Sir, Vehicle insurance of the company is paid by director. Later on the company repaid the director with that amount. In tally which all entries we need to put
latest answer
Thanku sir
Sajan Gangadharan
CA Final
★ 9K+
12
391
Valuation of opening inventory
Accountancy
answered on 26-Apr-22 21:00
why the answer is b
latest answer
THANKS
Swathi Krishna
CA Final
★ 8K+
7
382