Preferred creditors

answered on 09-Nov-21 13:12

Why is both year taxes taken as preferential? Should it be only 1 year prior?

latest answer

Pls refer to the attached image for question

Aman Mahajan

CA Final

★ 19K+

2

446

Inventory

answered on 07-Nov-21 13:36

Please tell me What is the entry this adjustment in treading account

latest answer

Yes thank you

Sejal Shivani

CA Foundation

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11

375

Dividend on bonus shares and right shares

answered on 06-Nov-21 16:55

Will bonus share and right share get dividend sir??

latest answer

Yes.

Bismi Hameed

CA Final

★ 7K+

1

282

Bill of exchange

answered on 06-Nov-21 18:49

What is the difference between discount &rebate?

latest answer

Oops sorry, I missed to notice the title BOE I explained about discount and rebate on general purchases In BOE discount is provided when u encash the bill with bank before date of maturity ie) discounting of bills Rebate is provider when payor retires the BOE before it's due date or maturity date The main aim to provide rebate is to encourage payor to retire bills early or to encourage prompt payment While discount on bill is way of short term financing provided by bank the discount charged on bill is actually the interest charged by bank on the amount

Rakesh Shah

CA Final

★ 5K+

2

339

AS 22..excess of MAT over current tax

answered on 06-Nov-21 16:47

Excess of MAT over current tax is whether debited or credited to p&l account?

latest answer

Thanks

Sajeetha R

CA Final

★ 46K+

2

284

CASH FLOW STATEMENT

answered on 09-Nov-21 14:23

Why premium on redemption is considered in operating activities under indirect method as premium will not written p&l account

latest answer

Premium is a charge to P&L

Sairam Reddy

CA Final

★ 10K+

3

333

Partnership admission partner

answered on 08-Nov-21 12:26

How to calculate goodwill ? &why adverstiment profit ? How to calculate ..

latest answer

Valuation of good will is given as working, let us know what's your doubt in this. Advertisement profit is a typo, it is basically adjustment / rectification of profit as per discovery of furniture wrongly debited and purchase omission.

Raashi 14

CMA Inter

★ 330

1

343

INVENTORIES

answered on 08-Nov-21 17:14

Can someone explain me why there is the amount of 1/5*20,000 being reduced from 20,000. Also how did we get 1/5?

latest answer

Hmm

Doonika Chunduri

CA Inter

★ 5K+

5

378

non banking financial comany

answered on 06-Nov-21 10:32

sir, amount overdue for more than 90 days or 6 months is considered as non performing asset for december 2021 exam........in one of the illustration of icai study material it is given that when an asset becomes overdue for more that 6 months it become overdue for systematically impotant non deposit taking companies....why is it so?

latest answer

In videos sir has clearly explained

Liginshiya J

CA Inter

★ 2K+

3

355

As-12

answered on 05-Nov-21 23:09

Sir, In AS 12 ,P.2,A limited....How did u consider 2 years for the purpose of calculating depreciation

latest answer

Even i have same doubt

Anusha narayana

CA Inter

★ 2K+

5

469