Forums
AS 3
Accountancy
answered on 22-Apr-22 20:40
AS 3 confusing one
latest answer
Interest earned will be shown on gross basis. Tds will be shown as taxes paid.
Aabith Sha
CA Inter
★ 8K+
1
328
Investments from group-01
Accountancy
answered on 22-Apr-22 19:50
In that they both from dividend income on credit side but they recorded on different column one in dividends and other one in amount column.can anyone help me to get out of this doubt ??ð?¤?
latest answer
If dividend is pre acquisition then it is adjusted against cost of investment. If dividend is post acquisition, it is treated as income.
Hemanth Vadagam
CA Inter
★ 0
2
327
Insurance claims
Accountancy
answered on 23-Apr-22 18:26
illustrations 8 and 9 why G.P is calculated on adjusted annual turnover instead of calculating on gp/g.p+uisc. Please clarify me sir
latest answer
Thank you sir
SUMANTH MANNAVA
CA Inter
★ 5K+
3
301
Memorandum markup account
Accountancy
answered on 17-May-22 20:59
Can anyone explain the first adjustment Department accounting Icai illu 7
latest answer
Sry bro..it's changed from previous attempt related materials..my answer is right according to that now it is 1260+360
mani charan
CA Final
★ 3K+
9
634
MCQ
Accountancy
answered on 22-Apr-22 19:52
Net assets and capital mean the same right. Here, in this MCQ below, option c could also be correct. Right?
latest answer
There is no standard definition of some financial ratios. If you consider net assets as total assets - outside liabilities, then net assets = capital.
Sibi Srinivasan
CA Final
★ 22K+
2
325
Insurance Claims
Accountancy
answered on 21-Apr-22 11:17
Good Morning Sir/Madam , In the "Accounting - CA INTERMEDIATE Group 1( Without AS ) - Chapter 9. Insurance Claims - Module No. 5 named "Illustration 4" , In the question it is mentioned that "Cost of salvaged being Rs11,200...." , From What I understood , "Cost of salvaged" means it doesn't include the profit portion . While the "Stock on the date of fire" includes the profit portion. So shouldn't we reduce the profit portion from the stock on date of fire , before reducing the salvaged value to compute the "Loss of stock due to fire ? (or) The "Cost of salvaged Rs11,200" simply means the amount Realized from the Disposal of the damaged goods ? Kindly Clarify.
latest answer
Thank you Sir
Avasarala Vivek Aditya
CA Inter
★ 6K+
2
303
Company accounts
Accountancy
answered on 21-Apr-22 10:15
Will companies prepare balance sheet only at end of the accounting year or some companies does releases profits they earned on quarter or semi annually so will there be preparation even at that time also?
latest answer
Companies may prepare balance sheet as at end of any period. Companies do prepare monthly balance sheet (internal reporting purpose - for management) Quarterly - Generally by listed companies as per listing agreement - These are not full fledged. https://www.infosys.com/investors/reports-filings/quarterly-results/2021-2022/q1/documents/consolifrsinr-fy22-q1-finstatement.pdf
Sugam SM
CA Final
★ 9K+
1
330
Doubt
Accountancy
answered on 20-Apr-22 18:19
What is the recoverable amount mentioned in this question and how to treat in recognising intangible asset..?
latest answer
Ok sir ..thank u
Sri kanaga Varshini
CA Final
★ 3K+
2
316
As -11 foreign exchange rate (forward contract)
Accountancy
answered on 20-Apr-22 18:23
Is my answer correct for the qn? What is the treatment for the rate of March 2018. 63 Exchange rate shall be recognised to the pand l account in the reporting period in which exchange rate changes- what is meant this ( in forward contrat) Please kindly look into this
latest answer
Thank you sir
Subash Chandrabose
CA Final
★ 32K+
2
456
As5
Accountancy
answered on 20-Apr-22 17:21
Fire occured is extraordinary item Insurance claim received later is ordinary item or extraordinary item ?
latest answer
Extraordinary item.
Jaanu Jaanu
CA Final
★ 4K+
2
307