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Please Explain what is provision simple way
Accountancy
answered on 27-Sep-21 10:05
What is provision and why do we need provision in accounting and what is provision for bad debt and provision for depreciation
latest answer
Amount put aside from the profit in order to meet a probable future expense or a reduction in the asset value. Its an estimate
Dhakshana Dhakshana
CFA L2
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450
Loss of profit
Accountancy
answered on 27-Sep-21 10:14
How to interpret with increase of cost dur to increase of sales
latest answer
Could you clarify your query.
Krishna kumar
CA Final
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Banking
Accountancy
answered on 26-Sep-21 05:39
What is the amount of statutory reserve? 20 or 25 percent
latest answer
At present it's 25%
Aman Mahajan
CA Final
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Profit prior to incorporation
Accountancy
answered on 25-Sep-21 18:36
Why interest on investment earned is allocated in pre incorporation period?
latest answer
Yeah.... I got....Thank you
Girinath A
CA Inter
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446
Subsidiary Books
Accountancy
answered on 25-Sep-21 17:45
ICAI module has 2 formats of Purchases book , which to be followed ??
latest answer
Thx bro
Varun Mulay
CA Final
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Bonus issue
Accountancy
answered on 25-Sep-21 16:44
A machine purchased in consideration of shares of company. Machinery a/c........DR. 1,50,000 TO share capital a/c. 1,00,000 TO securities premium. 50,000 Does these 50,000 in securities premium can be use for issue of bonus shares? As it is not realised in cash.
latest answer
The act does not prescribe such condition. SEBI has prescribed in its rules regarding security premium collected in cash. Now here, think of a situation where you would have issued shares to the person selliing machine and collected cash and again paid the same cash to buy the machine of 1,50,000 The idea behind restriction is that it should not be bookish or inflated.
Sairam Reddy
CA Final
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Profits prior to incorporation
Accountancy
answered on 25-Sep-21 16:15
In this illustration....... Why advertisement expense is apportioned on the basis time?
latest answer
Thank you sir
Girinath A
CA Inter
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461
Linkage between chapters
Accountancy
answered on 25-Sep-21 16:04
Guys as I have started with AS 3 cash flow statement . But as you all know there are many concept of redemption of preference share and debentures . So my question is should I start with redemption of preference share and debentures so that I can get better grip on the questions of cashflow statement OR I should finish all Accounting standard first and then go on towards above chapters?
latest answer
Pls finish all AS given in videos and move to Accounting (Without AS) module.
Kalash Ojha
CA Inter
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Sharing ratio
Accountancy
answered on 25-Sep-21 22:08
If we multiply with 5/5 we get 1/25 I am getting the ratio as 7:5:3 1/5 Ã?3/3 = 3/15
latest answer
Thank you sir!
Doonika Chunduri
CA Inter
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Departmental accounts
Accountancy
answered on 24-Sep-21 22:22
How to know per unit cost of opening stock and closing stock (board book illustration 2)
latest answer
We can find purchase price per unit as we are given Total purchase value and number of units + fact profit ratio is same. Check working note 1
OMKAR REDDY
CA Inter
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