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Profit and loss pre and post incorporation
Accountancy
answered on 12-May-22 23:39
Sir in last thread you said that interest should be transferred to post period but in module it's been apportioned between pre and post period
latest answer
15,00,000 Ã? 9% Ã? 7/12 = 78750
Harsh Mittal
CA Final
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455
Liquidation of Companies
Accountancy
answered on 23-May-22 10:20
Can anyone explain how it comes as 59lakhs?
latest answer
Okay thank you sir
Manoj Raj
CA Final
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429
As1
Accountancy
answered on 12-May-22 16:09
Sir ca any one explain question meaning in simpler terms
latest answer
Well explained!
Pandusml V
CA Final
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470
As 11
Accountancy
answered on 12-May-22 18:30
How to identify that this is a speculative transaction
latest answer
Because it is not used to hedge
Gauri Shete
CA Final
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4
386
Profit or loss pre and post inc.
Accountancy
answered on 12-May-22 16:05
If in this case if the loan was taken on 1st November instead of 1st September than will there be any change in distribution of interest in pre and post period and if yes then what will be the amt. Transferred to pre and post period
latest answer
Yes..post incorporation
Harsh Mittal
CA Final
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7
368
Inventory
Accountancy
answered on 12-May-22 14:03
Sir can we do trading account for calculating closing stock and provide other details in statement format like for abnormal items and calculate closing stock in trading account? I am referring to illustration8
latest answer
Yes. It can be done using that formula.
Sugam SM
CA Final
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4
450
AS10
Accountancy
answered on 12-May-22 16:12
Flight is the asset is already recognised, now some seats are added in that . Then whether this should be added to the cost of flight Or it can be separately recognised as an asset?(assume it met all the condition as per As 10) If added to the cost flight ,please give me any example where it can be separately recognised as an asset? Please help me with this regard
latest answer
You will capitalise it to the main asset. You will also derecognise existing seats. For depreciation purpose - follow component model.
Subash Chandrabose
CA Final
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364
Hire purchase
Accountancy
answered on 22-May-22 23:45
In the books of Hire purchaser, What is the nature of interest suspense a/c?
latest answer
May be liability
Girinath A
CA Inter
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3
429
Hire purchase and installment sal transaction
Accountancy
answered on 12-May-22 16:18
Where this 1,50,000 came from and will the interest rate remain same if cash price is = rs.1,65,000
latest answer
Yes. This is the IRR formula. We have also taught the logical method without formula in AS 19.
Harsh Mittal
CA Final
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6
558
Investment account
Accountancy
answered on 12-May-22 16:21
If debentures are sold the profit or loss is calculated by FIFO method or Avg. Method
latest answer
If nothing is mentioned you should consider dividends on bonus and rights.
Harsh Mittal
CA Final
★ 1K+
4
368