Forums
As 29
Accountancy
answered on 12-Nov-21 13:06
What is the meaning of " if there is a possible obligation or present obligation, Where the livelihood of an outflow of resources is *remote * No provision is recognised and no disclosure is required " What is the meaning of remote here
latest answer
Okay sir.. Thankuuu
Christeena Ambel
CA Inter
★ 5K+
7
461
Lease & Depreciation ?
Accountancy
answered on 11-Nov-21 20:29
I know there are 2 different AS AS 10 PPE and AS 19 Lease But depreciation will be accounted by lessor or lessee ???? And by following which AS ?? Kindly explain
latest answer
If finance lease then depreciation is accounted by Lessee &in case of operating lease it will account by lessor As per my knowledge
Chandan Subudhi
CA Final
★ 12K+
1
378
Thanks you
Accountancy
answered on 18-Nov-21 00:05
Please answer the questions
latest answer
Please send the clear picture
Krishnaveni Balireddy
CA Foundation
★ 440
5
472
Hire purchase
Accountancy
answered on 13-Nov-21 10:05
For questions in which rate of interest is to be found, can we find rate of interest by the method which I have done (Please see the attachment). Reference: B.Com book
latest answer
It's better to follow the method as suggested by ICAI.
James Js
CA Inter
★ 1K+
2
438
Rectification of Errors after preparation of Trial Balance
Accountancy
answered on 11-Nov-21 19:01
Are all my entries right ?
latest answer
It is correct
Aditya Birla
CBSE XI
★ 4K+
1
354
Consignment
Accountancy
answered on 12-Nov-21 08:00
What is consignment
latest answer
Now ok done
Krishnaveni Balireddy
CA Foundation
★ 440
8
440
Amalgamation
Accountancy
answered on 12-Nov-21 10:23
What this sentence means"debt due to x Ltd is also to be discharged in shares of xy LTD , discharged means that. Trade receivabke will not take place in xy Ltd? What is the treatment if that sentence is not given ? Please help me with this
latest answer
If the sentence is not given, then the loan would be offset against investments after amalgamation
venkatesh sundharamoorthy
CA Final
★ 34K+
1
405
Amalgamation
Accountancy
answered on 12-Nov-21 13:32
What this sentence means"debt due to x Ltd is also to be discharged in shares of xy LTD , discharged means that. Trade receivabke will not take place in xy Ltd? What is the treatment if that sentence is not given ? Please help me with this
latest answer
Welcome and all the best
venkatesh sundharamoorthy
CA Final
★ 34K+
31
602
what happens after full depreciation is charged and the asset still in use?
Accountancy
answered on 13-Nov-21 08:47
what if a car is fully depreciated but still is in use of the business and making a profit, then how the car will be shown on the balance sheet, and what will be its treatment?
latest answer
If an asset is fully depreciated, review of useful life would have an impact if the entity adopts a revaluation approach. Both AS-10 and IndAS 16 require review of useful life at the end of each period.
Ankit Karmakar
CA Foundation
★ 0
4
436
Redemption of debenture
Accountancy
answered on 12-Nov-21 10:52
Is interest is charged and paid by underwriting debenture
latest answer
Can you be clear in your doubt please? Yes, interest is paid on all debentures
Rahul Patil
CA Inter
★ 800
1
415