Forums
Marking pattern
Accountancy
answered on 02-May-25 15:53
Will marks be deducted if we don’t provide narrations in questions that require journal entries?
latest answer
2-3 marks
Asmita Kar
CA Final
★ 7K+
1
235
Purchase consideration
Accountancy
answered on 02-May-25 14:46
In qn it is given that ₹60 fully paid up equity shares of Zltd were issued to A ltd and B Ltd at ₹60 premium but in the solution while computing Purchase consideration they have given ₹10 fully paid up equity shares at ₹10 premium...How comes this?
latest answer
Okay Sir
Nisha M
CA Final
★ 2K+
2
234
Companies accounts
Accountancy
answered on 04-May-25 15:40
What is the amount that need to be transfer to capital reserve in both the questions ?
latest answer
(ii) 150 is transferred to capital reserve (iii) 80 is transferred to capital reserve
M Pavan
CA Foundation
★ 290
1
229
Cash flow statement
Accountancy
answered on 02-May-25 11:37
Foreign exchange loss treatment In operating activities it need to be add with net profit and its other effect should be adjusted with cash balances?
latest answer
Ok Sir thank you
Bhavani Jagadeeshan
CA Inter
★ 2K+
2
278
Buy back
Accountancy
answered on 01-May-25 14:19
While calculating three test conditions, in paid up share capital have to include preference share capital also? ( In accountancy buy back sum)
latest answer
Yes
Mehak K
CA Final
★ 3K+
1
238
MCQ 3- 8th Question
Accountancy
answered on 01-May-25 16:43
The question is-Following events occured at D Ltd between 1st Jan 2017 and 30th June 2017. FY 17 ended on Mar 31, 2017 and Board Meeting to approve accounts was scheduled on June 30th 2017. IDentify the events correctly. Amount of Rs 3 Lacs wrongly debited to Debtor Account when it should have been debited to Marketing Expenses. Event occured on March 31st and the financials were finalised as such and it was detected on May 30th The given answer is Ordinary Event for FY17. Isn't this an adjusting event, since the event(detection of an arror) happened after the balance sheet date and before the approval of FS?
latest answer
adjusting and ordinary
V V
CA Inter
★ 3K+
1
205
MCQ 7th Question
Accountancy
answered on 05-May-25 09:38
MCQ 2-7th Question- All the answers are not a change in Accounting policy, right? Please clarify
latest answer
Please send us the question
V V
CA Inter
★ 3K+
1
240
MCQ Test 1
Accountancy
answered on 14-May-25 12:38
There is a question on identifying the event. The question goes this way- In FY18 X Limited realized that it had incorrectly disclosed in its FY17 Balance Sheet, the loan balance of Rs 10 Lacs when it was Rs 11 Lacs. The difference of Rs 1 Lacs was wrongly classified as Sundry Creditors. How is the adjustment disclosed in FY18? The answer given- It is an ordinary item of exceptional nature. But isn't this a prior period item, since the error occurred in the preparation of Financial Statement, in the previous year?
latest answer
Thank you
V V
CA Inter
★ 3K+
2
235
CA inter exam doubt
Accountancy
answered on 30-Apr-25 18:42
For accountancy can we first attempt part 2 and then part. 1 or it is mandatory the otherwise.
latest answer
Any order is fine
Dova Shaji
CA Inter
★ 520
1
257
Impairment of Assets
Accountancy
answered on 30-Apr-25 16:30
Can't understand this enhanced depreciation met, can anyone help me out with this? Illustration 3 of ICAI material
latest answer
That is periodic transfer from revaluation reserves as per AS-10
meghana karnakanti
CA Inter
★ 21K+
1
222