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Hire purchase

Accountancy

answered on 21-Mar-22 11:29

In 19th illustration can anyone say how he has spread 8 installments

latest answer

Ok mam

Pandusml V

Pandusml V

CA Final

4K+

6

350

Net profit

Accountancy

answered on 21-Mar-22 08:17

How to calculate net profit in cash flow statement in Mr Zen's illustration

latest answer

In question they gave net profit value right

N K

N K

CA Inter

5

5

336

Accounting concepts principles and convention

Accountancy

answered on 21-Mar-22 09:25

Accountancy

latest answer

Last day of free access to all courses. Check them

Sonali Kumari

Sonali Kumari

CA Foundation

120

4

289

TDS against expenses

Accountancy

answered on 21-Mar-22 12:45

Pls explain this concept. Refer image.

latest answer

Ok sir. Thank you

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

4

531

As11

Accountancy

answered on 20-Mar-22 05:57

If long term loan taken to purchase non monetary items option1 _charged off to profit and loss or option2 _ debit to fixed asset In case of non depreciable asset option2_fcmitd Doubt:is this applicable for may 2022 exam or only option 1 exists

latest answer

Applicable

Jaanu Jaanu

Jaanu Jaanu

CA Final

4K+

1

276

Discontinuing Operations

Accountancy

answered on 19-Mar-22 10:25

Depth: Depth is the number of variations (size,colour)within a product line. Product line is a group of similar products  having identical characterstics in terms of functionality and price range. Samsung has different Tablets series Tab A6,7,8 and also has Tab S6,7,8. As per As 24 discontinuing operations will Tab A and Tab S series be considered as separate product lines for Samsung.

latest answer

No

pradyumna hariramani

pradyumna hariramani

CA Inter

290

2

356

Doubt

Accountancy

answered on 19-Mar-22 10:11

Why legislative changes having long retrospective application is ordinary activity.What does it mean exactly? What does retrospective mean ?'what will happen in case of revision of wages on protest of labor union? How can legislative change be an ordinary activity

latest answer

Retrospective effect means that taking effect of any change from from past date. Example a law related to labour (which is an ordinary activity ) is passed on 30th June 2022 but the notification says its applicable from 1st April 2022 (from past date) then it is "legislative changes having retrospective application"

pradyumna hariramani

pradyumna hariramani

CA Inter

290

6

312

As16

Accountancy

answered on 19-Mar-22 09:52

As per as 10 asset is recognised in books when asset is ready for its intended use As16 captitalization requirements we can capitalize when 1.exp incurred for borrowing 2.activities relating to purchase is met 3.borrowing cost used for qualified asset Doubt: if asset not yet recognised in books how can we recognise interset exp in B/s with wht name can we recognise

latest answer

You will recognise it as a part of CWIP

Jaanu Jaanu

Jaanu Jaanu

CA Final

4K+

1

262

Reference books

Accountancy

answered on 19-Mar-22 11:04

Advanced accountancy should I buy any other teacher's reference books other than institute modules,rtp,suggested answers,mtp ?

latest answer

Ok

Venkatesh .

Venkatesh .

CA Inter

4K+

4

352

Adjustment

Accountancy

answered on 18-Mar-22 19:15

Trial balance: Furniture ---Rs. 84600 Sale of furniture (1-10-16)--- Rs. 14600 Adjustment: Calculate 5% depreciation on furniture What's the amount of depreciation Note: furniture and sale of furniture is written in trial balance

latest answer

Whatever i said in case 1 is just correct follow that one only. Whenever rate of depreciation is given without word p.a. we just calculate depreciation on opening balance ignoring the time factor.

Rishi jain

Rishi jain

CA Inter

1K+

7

335

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