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AS-4

Accountancy

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

Vivek shukla

CA Inter

8K+

3

352

Not for profit organisation

Accountancy

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

Reetikaa R

CA Final

7K+

10

330

Accounting standards

Accountancy

answered on 19-Sep-21 12:58

Does every questions which is solved in video lectures is available in notes

latest answer

Yes is there

Kalash Ojha

Kalash Ojha

CA Inter

465

2

425

Redemption of debentures

Accountancy

answered on 18-Sep-21 18:08

As on which date we have to create DRR and DRI?

latest answer

DRI is created on or before 30th april of the FY in which the debentures are due for redemption and... DRR is created any time before the redemption

vijay anvesh

vijay anvesh

CA Final

85

1

375

NPO

Accountancy

answered on 20-Sep-21 10:54

What is accumulated funds? Example please? Thank you for the kind help.ð???ð???ð???

latest answer

An accumulated fund holds excess money received by a non-profit organization (NPO). Similar to the retained earnings of a for-profit firm, the accumulated fund grows when revenues are greater than expenses and there is a budgetary surplus.

Vijay K

Vijay K

CA Inter

9K+

1

355

Doubt in Calucations

Accountancy

answered on 17-Sep-21 17:50

Please check Attachment Final answer how 14,167 Superprofit/NRR= 17,000/12% = 14,167 how???

latest answer

I get the answer sorry for asking doubt

Rishi Kumar

Rishi Kumar

CMA Inter

6K+

1

463

Annuity table

Accountancy

answered on 18-Sep-21 13:03

Calucation of goodwill under annuity method How Discount factor value can choose If we don't have annuity table in exam then how can I write annuity value??

latest answer

You can compute it using a calculator - you would have learnt the Time value of money concept in maths

Rishi Kumar

Rishi Kumar

CMA Inter

6K+

1

550

Consolidation

Accountancy

answered on 17-Sep-21 11:00

The additional depreciation which has been provided on revaluated amount...it's been considered to post acquisition.... whether it will be taken to consolidated profit and loss account ..?

latest answer

Thank you..!

Ravichandran H

Ravichandran H

CA Final

6K+

2

384

Segment expense

Accountancy

answered on 17-Sep-21 16:41

Segment expense includes portion of enterprise expense allocated to the segment. So why in illus 4 head office costs allocated to segment is not included in segment expense?

latest answer

It should have been considered as segment expense. But its missed in the above solution

Aman Mahajan

Aman Mahajan

CA Final

19K+

1

384

Redemption of preference shares

Accountancy

answered on 16-Sep-21 19:36

In below illustration why don't we calculate minimum number of shares as per sec 55,for the purpose of fresh issue ...as face value and issue price is different here

latest answer

No need to find minimum no of shares to be issued

S.K Anusha

S.K Anusha

CA Foundation

17K+

2

447