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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
468
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
437
Amalgamtion
Accountancy
answered on 10-Nov-21 21:26
In selling company books cash account balance figure is transferred to realisation account ,if the cash also take over by purchasing company And If cash was not taken over by purchasing company Then bal.fig of cash account transferred to equity holder accunt Am I write? Please help me
latest answer
Yes it was right
venkatesh sundharamoorthy
CA Final
★ 34K+
2
392
NPO
Accountancy
answered on 10-Nov-21 16:20
What will I do with the additional information (b) in Balance Sheet of NPO ?
latest answer
Library books balance
Aditya Birla
CBSE XI
★ 4K+
1
399
RTP
Accountancy
answered on 10-Nov-21 11:28
Shouldn't the provision for tax should be calculated this way as it is mentioned provision should be provided 35% of the profits.
latest answer
Ok Merci
Himanshu Somani
CA Final
★ 97K+
2
410
Bank nbfc
Accountancy
answered on 09-Nov-21 21:21
Is it the same for nbfcs and bank?
latest answer
Yes but loss assets do not mean that their time period exceeds 36 months . It is classified as loss asset based on their recoverability
Vignesh Hari Krishnaa Karthigayan
CA Inter
★ 5
1
440
Partnership Unit-1
Accountancy
answered on 12-Nov-21 11:39
Rent paid to partner is a charge against profit . That's why it is shown in p&l account but in illustration 9 of module it is shown in p&l appropration account.
latest answer
Question is rent paid to partner, not by a partner. And as mentioned abive, both views are possible.
Sakshi Rai
CA Inter
★ 20K+
6
696
Banking companies unit6 illustration no.4 of icai sm
Accountancy
answered on 09-Nov-21 23:10
Pls explain (c.) Point in other information of the question mentioned above
latest answer
ok tq
Bhavya Kumar
CA Final
★ 7K+
2
421
Why Reserves are liability?
Accountancy
answered on 09-Nov-21 19:41
Why Reserves are liability?
latest answer
Reserve balance is cr
Ved Bishnoi
CA Foundation
★ 150
7
444
MTP series-ll
Accountancy
answered on 09-Nov-21 14:16
Sir, please help me to find the chapter of this question. It is from MTP series-ll Dec 21.
latest answer
Ok Sir. Thank you
Gayathri K V
CA Inter
★ 13K+
12
516