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As5
Accountancy
answered on 04-Sep-21 16:10
Change in the method of depreciation from straight line to wdv - change in accounting estimate,(why not change in accounting policiy)
latest answer
For more refer Ind As
OMKAR REDDY
CA Inter
★ 6K+
3
453
As5
Accountancy
answered on 06-Sep-21 09:28
Legislative changes having long term retrospective application- Ordinary Activity why?
latest answer
They are not once in a blue moon they keep happening like tax gets amendments every year and on regular basis, but earthquake(extraordinary item) doesn't happen regularly hence the distinction , we disclose the nature and amount of such items . Although these items are not â??extraordinary itemsâ??,
OMKAR REDDY
CA Inter
★ 6K+
1
401
Investment account
Accountancy
answered on 03-Sep-21 15:39
How to find the profit and cost if two sales have been made in the same financial year.
latest answer
ok mam thank you
Susai Yappan
CA Inter
★ 12K+
4
388
Inventory
Accountancy
answered on 04-Sep-21 22:36
How to study and clear concepts of inventory valuation?? I found that chapter very difficult to understand!!ð???
latest answer
Thankyou I'll try ma best!
Vaishnavi Thakare
CA Foundation
★ 4K+
3
453
PSR
Accountancy
answered on 03-Sep-21 12:22
In case 5 of the below attachment, pls check the new profit sharing ratio, according to my calculation th new PSR is 7:5:3
latest answer
Thank you for the response
Vijay K
CA Inter
★ 9K+
3
491
Doubt
Accountancy
answered on 04-Sep-21 16:17
Is there any difference between P&L cr. balance and Reserves and surplus?
latest answer
Reserve and Surplus includes usually all type of reserves . In balance sheet it will appear as follows: Example; RESERVE & SURPLUS(10+20+30+40+50) 1.profit &loss a/c 10 2.securities premium 20 3.general reserve 30 4.revaluation reserve 40 5.other reserves 50
Girinath A
CA Inter
★ 765
2
407
Amalgamation
Accountancy
answered on 03-Sep-21 11:39
Why we are not incorporating statutory reserves in purchase method and why we have to create amalgamation adjustment reserve account , why the different treatment from merger
latest answer
Thus to incorporate statutory reserves in transferee books, this adjustment reserve is created
Gobi k
CA Inter
★ 12K+
4
645
Pre accquisition profit
Accountancy
answered on 03-Sep-21 09:58
What is pre accquisition profit?
latest answer
Any profit earned before acquisition of a company , is called pre acquisition profit , subsidiary have earned in previous years before holding company acquires
Rubika Sankar
CMA Inter
★ 370
2
473
As1
Accountancy
answered on 02-Sep-21 11:52
Is going concern assumption valid in the year 2016-17 ?
latest answer
Here, the going concern assumption is not in doubt for the FY 2016-17 since the assumptions validity is for foreseeable future which is period not exceeding 1yr from the balance sheet date as here the contract is said to expire on 31-03-2018 , therefore for FY 2016-17 going concern assumption is valid.
Chandan Subudhi
CA Final
★ 12K+
2
410
Preparation of financial statement
Accountancy
answered on 02-Sep-21 01:28
Sir ,why is the depreciation stated in trial balance not adjusted in provision for depreciation while preparing financial statement,in the following question ?
latest answer
Sorry,got the answer.
Abhishek Purohit
CA Inter
★ 10K+
1
462