FR summary Notes

answered on 10-Nov-21 13:50

Do anyone have short summary types for IND AS Revision

latest answer

Chart books of various private faculties could be useful

Abhishek Verma

CA Final

★ 0

2

431

Ratio

answered on 22-Sep-21 15:38

How to calculate solvency ratio?

latest answer

Thank you

Siri S

CS Executive

★ 1K+

3

427

NPO

answered on 21-Sep-21 14:00

Please explain the highlighted lines.

latest answer

CA foundation. Please go through this https://www.indigolearn.com/exam/CA-Foundation-Course-A-Complete-Guide

Vijay K

CA Inter

★ 9K+

12

428

Doubt

answered on 20-Sep-21 11:02

Whether the goodwill is come on asset side or what ???

latest answer

Wlcm bro

Balachandar S

CA Inter

★ 59K+

8

387

Cash flow statement

answered on 20-Sep-21 14:00

How to solve this ?

latest answer

Even goodwill and patents would be under investing activity.

Siri S

CS Executive

★ 1K+

3

414

Redemption of preference shares

answered on 20-Sep-21 10:19

Please explain CRR entry [Illustration 5 pg No 7.13 Module 2] Why they transfer â?¹ 33750 to CRR

latest answer

Yep, it's wrong. Should be passed with 27,500 (65,000 - 37,500)

Naveen Kumar S

CA Inter

★ 1K+

2

363

Cash flow statement

answered on 20-Sep-21 10:53

Why they have not included the premium on redemption of preference share in operating activity (to eliminate). They have only shown the premium on redemption of preference share in finance activity.

latest answer

Reason is here they have given the list of items which were adjusted in net profit. So, there are specific points mentioned and premium on redemption is not mentioned which means it was not adjusted. We should put it in Notes below that we did not add back assuming it was not adjusted.

vs navin

CA Final

★ 1K+

3

337

AS-5 disclosure

answered on 22-Sep-21 10:59

All the disclosure required under AS-5 should be disclosed in notes to account or on the face of p&l statement?

latest answer

P&L

Vivek shukla

CA Inter

★ 8K+

1

419

AS-4

answered on 19-Sep-21 11:21

Subsequent non-adjusting event but which have a material importance should be disclosed in notes to account of financial statements or in the report of approving authority??

latest answer

Approving authority. There is no restriction to disclose in notes as well.

Vivek shukla

CA Inter

★ 8K+

3

324

Not for profit organisation

answered on 12-Oct-21 07:05

In this question, donations of 2lakhs has been utilised for library books so I shd show only 175000 in balance sheet right . But in solutions , it s 2lakhs .plss explain. How ?

latest answer

Yes

Reetikaa R

CA Final

★ 7K+

10

277