Forums
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
CA Final
★ 19K+
1
403
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
CA Foundation
★ 17K+
2
478
Redemption of preference share
Accountancy
answered on 16-Sep-21 18:29
From below give the question Please can you explain me a 5 th journal entry very detail (Profit and loss account dr. 33750 To capital redemption reserve account 33750)
latest answer
Okkk sir tqq
Subash Chandrabose
CA Final
★ 32K+
11
435
Cash Flow
Accountancy
answered on 17-Sep-21 11:10
In Cash flow Statement what will be the classification of 'receipt of grant for capital projects'
latest answer
No, not anything which is relevant at Inter level. While in practice, one can find certain items treated differently in US GAAP and IFRS like dividend received.
Priyanka Udeshi
CFA L1
★ 14K+
5
489
Introduction of partnership
Accountancy
answered on 15-Sep-21 11:24
Please solve
latest answer
:)
Hansika Mahadev
CA Inter
★ 150
3
430
capital or revenue expenditure?
Accountancy
answered on 14-Sep-21 20:39
Extension of machine is revenue or capital expenditure
latest answer
For a machine maintenance charge is necessary for every year, so it is revenue in nature. Example: we are buying some Royal Enfield bike. For this bike yearly maintenance is compulsory. But when we give service for the extension to the machine, it increases the capacity of the machine. So it is capital in nature. Example: suppose the petrol tank capacity of the Royal Enfield is 15 litres. And the extension is made to the capacity of 20 litres. It will gives benefits over many accounting years.
Sunita Dhall
CA Foundation
★ 5
2
452
Bye laws
Accountancy
answered on 14-Sep-21 20:27
What is bye laws of the society ? What's it's use ? What are all they? Is it important to know about them ?
latest answer
Apartment or housing society
Vijay K
CA Inter
★ 9K+
4
441
Accounts from incomplete records
Accountancy
answered on 15-Sep-21 13:24
bills matured nd duly collected - if ntg is specifically mentioned then we consider cash i.e., cash a/c Dr To b/r a/c But in icai module it is written in bank column ????
latest answer
Practically, this is done in Bank. So use bank a/c unless it mentions cash specifically.
anusha athikamsetty
CA Inter
★ 65
1
523
Preferential creditors
Accountancy
answered on 14-Sep-21 14:39
"Owing to govt for telephone electricity and water" Will this comes under preferential creditors?
latest answer
A preferential creditor is a creditor receiving a preferential right to payment. Their claims rank higher in priority than those of ordinary/unsecured creditors. All revenues, taxes, cesses & rates payable to the government or local authority will be treated as preferential creditors provided that it must become due within 12 months before the date of winding up.
bsai partish
CA Final
★ 2K+
1
654
Npo
Accountancy
answered on 14-Sep-21 13:28
Ans this ques nd dep
latest answer
Please specify your doubt here.
Kanika Rajput
CA Inter
★ 2K+
1
474