Forums
Investment account's illustration 7,8
Accountancy
answered on 22-Mar-22 11:57
Sir used only 2 columns "Nominal value" And "cost" In sums. But in study material There is a separate column for "Dividend" In investment ACS. So Should I use Sirs presentation or study material ?
latest answer
But do show the income account.
Vijay Ramesh
CA Final
★ 2K+
4
439
Redemption of Preference Shares
Accountancy
answered on 21-Mar-22 17:49
What is the usage of Capital Redemption Reserve closing balance in future (i.e after the redemption of preference shares)
latest answer
Sir this point you are told at earlier stage of this chapter. I forgot it, now I noted it thank you very much sir
Ravikumar Pandi
CA Inter
★ 2K+
3
475
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
CA Final
★ 4K+
6
533
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
CA Inter
★ 5
5
533
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
CA Foundation
★ 120
4
552
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
CA Final
★ 22K+
4
812
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
CA Final
★ 4K+
1
523
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
CA Inter
★ 290
2
730
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
CA Inter
★ 290
6
583
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
CA Final
★ 4K+
1
534