Forums
Revenue
Accountancy
answered on 18-Apr-22 08:55
What is the difference between revenue recognized and revenue realized? Basically I want to know the meaning of recognize and realize in accounting language.
latest answer
Yes. You are correct. Accrued or recognised is earned but not received.
Ratnasri N
CA Foundation
★ 0
4
492
Amalgamation
Accountancy
answered on 17-Apr-22 14:28
For example A ltd absorbs b ltd In additional info : some revaluation amount given for assets liability of both compny Nd Question not mentions anything else So In b/s of A ltd Values of A ltd will shown at BV or FV ?
latest answer
Always welcome
Priyanka Agrawal
CA Inter
★ 3K+
3
506
Branch accounts
Accountancy
answered on 17-Apr-22 07:35
In the question attached, opening stock, transfer from H.O. and closing stock are at invoice price whereas it is mentioned at the top of the image that these items should be at cost. Pls clarify.
latest answer
Ok thanks!
Sibi Srinivasan
CA Final
★ 22K+
2
585
Doubt
Accountancy
answered on 18-Apr-22 08:44
When dividend is declared for 31/3/2019 will bonus shares issued on September of 2019 be entitled to dividend ??
latest answer
Please share your answer.
Sri kanaga Varshini
CA Final
★ 3K+
6
500
Repossession
Accountancy
answered on 16-Apr-22 17:43
In the question, they gave that the vendor took the 2 tempos against the amount due Why did we again pay him the amount of 41638 to him for the 3rd instalment for one tempo left with us
latest answer
Thanks for sharing sir
mani charan
CA Final
★ 3K+
2
481
Advance accounts
Accountancy
answered on 16-Apr-22 17:31
In IRS.. even if not mentioned, which are the balances that should be written off..
latest answer
Can you please post it as a separate query?
Priyanka Agrawal
CA Inter
★ 3K+
5
475
Depreciation on hire purchase asset
Accountancy
answered on 16-Apr-22 13:42
Pls explain the MCQ attached. What is meant by claim of depreciation? Under repossession there will be a mutually agreed rate at which asset is depreciated. Why the answer is not option c ?
latest answer
The answer is hire purchaser
Sibi Srinivasan
CA Final
★ 22K+
5
651
AS 13
Accountancy
answered on 15-Apr-22 11:47
In AS 13 scope, it is mentioned that this standard is not applicable for Mutual funds. But , In dec exam, there is a question pertaining to mutual funds investment. In suggested answers, they have treated it as investment and proceeded. whether should i consider it as investment or not ? anyone
latest answer
It is not applicable for Mutual Fund accounting i.e when a mutual fund prepares its accounts. But when an entity purchases mutual funds units then itâ??s applicable
vs navin
CA Final
★ 1K+
1
607
Doubt
Accountancy
answered on 15-Apr-22 17:41
In this question they had taken depreciation in trading a/c instead of profit and loss account. They have given the valid reason for it in suggested answer But if I charge depreciation on profit and loss account I got different answer Will they provide Mark's If depreciation is charged on p&l .. becoz it is odd to charge dep on p&l ..
latest answer
Thank u
Sri kanaga Varshini
CA Final
★ 3K+
3
444
Advance accounts
Accountancy
answered on 15-Apr-22 20:37
When we transfer nominal value of buy back shares to CRR out of FR.. is their any sequence of FR to be used..
latest answer
Ok .. thanku
Priyanka Agrawal
CA Inter
★ 3K+
3
504