INDAS, AS ONLY COMPANIES?

answered on 31-Mar-22 08:26

INDAS and as are to be followed by companies only?? What the other companies or firms or ind books follow if they don't come under AS and INDAS

latest answer

https://youtu.be/SBz6fh6rFJI This video can help you understand

vasabattula abhinav

CA Final

★ 85

1

269

Final accounts

answered on 30-Mar-22 22:05

Sundry debtors 5th adjustment and its working note. My doubt is as I approached this adjustment(5) as the net impact would be like 10000 yet receivable from him as Sundry debtors balance will increase. So the provision for 120000 to be 130000 right but there is sale accounted which is not recorded. So my doubt is still we are entitled to receive 10k but they just deducted Sundry creditors 10k as the impact to be increased by 10k amounting to 115k for which provision would be @5%. So please correct me If my assumption and approach is wrong regarding net adjustment of sundry debtors and creditors

latest answer

Since then I am been thinking how should I able to communicate best with u to make u that clarity..it's somewhat understanding prblm ..what i said is that but I put it simply that u don't understand ..anyway u got it..

Sugam SM

CA Foundation

★ 9K+

6

369

Liquidation of Companies

answered on 30-Mar-22 09:08

Pls Explain the Below statement ie Sec-326 of companies Act

latest answer

If there are any workmen dues at time of liquidation - then the amount realised from assets secured should be shared proportionately amongst workmen and secured creditors Workmen's portion = Value of security x [(Workmen's dues)/(Secured loan + Workmen's dues)]

Surya Prakash

CA Final

★ 19K+

1

259

AS.18-related party disclosures

answered on 29-Mar-22 18:02

How can we differentiate between control relation ships and significant influence relationships?

latest answer

Thank you

Anusha narayana

CA Inter

★ 2K+

8

267

Doubt in Intermediate - Group 1 Accounting Standards classes - AS 11 lecture - Module 4

answered on 31-Mar-22 16:32

Sir, I have a small doubt in the CA Intermediate classes - Group 1 Accounting Standards - AS 11 - Module 4 named "Forex loss for depreciable assets (Amendment)" which is a length of 11:30. I have a small doubt in the video duration from 9:25 to 10:00 . There Mr. Satya Raghu Sir concluded that in the Option 2 the journal entries are "P&L a/c Dr, To Forex loss a/c" - which are actually the journal entries of Option 1 , which I think may not be intentionally said by him and may be erroneously spelled by him. Kindly Can you see the video and clarify the doubt ? I just wanted to clarify and in no way I'm trying to make any faculty wrong.

latest answer

Your point is valid. Those are journal entries of Option 1. Thanks for highlighting. We will rectify the video.

Avasarala Vivek Aditya

CA Inter

★ 6K+

1

258

Insurance claim

answered on 29-Mar-22 10:39

Please provide the answer of this question ( 2a )

latest answer

Hello actually you pr gp calculation is wrongâ?¦.

Hai Iam Anas

CA Inter

★ 8K+

5

273

Suggested answers Dec 2021

answered on 29-Mar-22 12:31

Will you provide the answers of Dec 2021 exam

latest answer

Ok

Hai Iam Anas

CA Inter

★ 8K+

5

257

Answer the below problem With clear solution ??

answered on 29-Mar-22 00:52

The following figures of sales and profits of two years are Years Sales Profit 2019 1,50,000 20000 2020 1,70,000 25000 You are required to calculate A) P/v B) BEP C) Sales required to earn profit of Rs 40000 D) Margin safety at a profit of Rs 2,50,000 E) Profit made when the sales are Rs 50000 F) Variable cost in the two periods Can any one kindly answer this and send a clear picture ????

latest answer

Solution

Aakash Raavi

CMA Inter

★ 320

1

1K+

Narration

answered on 28-Mar-22 12:31

"As per board resolution no..... dated...." Can I write narration without this ?

latest answer

Ok

Sibi Srinivasan

CA Final

★ 22K+

2

293

Intangible asset vs goodwill

answered on 07-Apr-22 07:31

Are they both same? As intangible assets definition says it to be identifiable..Goodwill is not identifiable..so aren't they both are same??

latest answer

As14 IndAs 103

vasabattula abhinav

CA Final

★ 85

8

310