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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
522
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
423
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
660
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
488
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
644
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
421
DEBT EQUITY RATIO IN BUYBACK OF SHARES
Accountancy
answered on 20-Apr-22 17:21
DEBT EQUITY RATIO = DEBT / EQUITY. Will all liabilities (including current liabilities like trade payables & provisions) be included in numerator or just short term and long term DEBTS
latest answer
Only debt is to be considered.
Ali S
CA Final
★ 8K+
2
1K+
Amalgamation of companies
Accountancy
answered on 18-Apr-22 20:12
Why in this sum pc is calculated on net assets method
latest answer
Thank you sir
Miradevi S
CA Final
★ 16K+
2
646
Loss due to liquidation
Accountancy
answered on 18-Apr-22 19:55
In this problem they calculated loss as 59lakhs but how did that came !
latest answer
Thank you
Kumar G
CA Final
★ 12K+
2
519
Ca inter Advanced accounts
Accountancy
answered on 18-Apr-22 18:58
Underwriting of shares and debentures applicable for may 2022 exams? because it not included in icai syllabus but included in indigolearn course.
latest answer
There are some questions where ICAI has asked about underwriting
Pihu Jain
CA Inter
★ 3K+
1
419