depreciation

answered on 12-Jul-24 11:35

Please send depreciation module back practical questions videos

latest answer

What is the doubt?

Swathi Swathi

CA Foundation

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2

118

depreciation and amortization

answered on 15-Jul-24 21:25

Please send videos accounts depreciation and amortization practical questions

latest answer

Questions are based on same concepts covered in illustrations. If you have a doubt you can ask as a separate query.

Ayyala somayajula swathi Swathi

CA Foundation

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3

162

Sir you said in class that you will learn in Adv A/c

answered on 09-Jul-24 16:21

Sir you said in class that you will learn in Adv A/c are our lectures updated? because this is the Advance accounting series I am watching

latest answer

It is updated. Dont worry.

GOKUL KOLATE

CA Inter

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1

55

AS 5

answered on 12-Jul-24 11:37

in the illustration 4 can we say the provision created on staff welfare as an accounting estimate

latest answer

Yes

Niveta Rajkumar

CA Inter

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163

Capital account

answered on 18-Aug-24 23:51

Sir why do we write capital account in liability side of balance sheet?

latest answer

Owner owing to business

Ajaykumar Parit

CA Inter

★ 815

2

154

AS 22

answered on 06-Jul-24 12:19

As per AS 22 , the business has loss say 100,000 RS and it is virtually certain that the company would have sufficient profit in the future. The loss can be carried forward for 8 yrs. Tax rate 40%.Why are we claiming 40000RS as deferred tax asset for the year 1?If there is a loss and we aren't paying tax for it why is it a deferred tax asset?

latest answer

Because we would save tax in future. So there is a benefit in future because of current year loss

Niveta Rajkumar

CA Inter

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1

207

AS15

answered on 03-Jul-24 15:20

Under AS 15 "employee benefits" what all are the items to be recorded in P&L a/c and balance sheet each year?

latest answer

The following items need to be disclosed in the Balance Sheet: Defined Benefit Obligation: The present value of the defined benefit obligation. Fair Value of Plan Assets: The fair value of plan assets at the balance sheet date. Net Defined Benefit Liability or Asset: The net total of the defined benefit obligation and the fair value of plan assets. Unrecognized Past Service Cost: Past service cost that has not yet been recognized. Actuarial Gains and Losses Not Recognized: Actuarial gains and losses not recognized in the balance sheet but disclosed in the notes.

Niveta Rajkumar

CA Inter

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179

AS 13

answered on 03-Jul-24 16:15

As per AS 13 when we acquire an investment for exchange of an asset if FMV of asset given up and FMV of asset acquired both are given , which one should we consider as cost of acquisition? Is the answer same for AS 10 PPE also ? If yes why?

latest answer

AS 13 - First preference FV of asset given up. If FV of asset received is more evident, use that. AS 10 - Similar treatment. First preference FV of asset given up. If FV of asset received is more evident, use that.

Niveta Rajkumar

CA Inter

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158

AS 15

answered on 03-Jul-24 16:13

Couldn't understand why we are reducing net impact of unamortised costs (12.5 l)from gain on impact of curtailment (500l).Why not subtract 100 l from gain on impact of curtailment(500 l) directly ?

latest answer

100 is for total Gross obligation. So we are reducing proportionately for 500.

Niveta Rajkumar

CA Inter

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1

237

Final account

answered on 12-Jul-24 11:38

I want to know treatment of bad debts, discount on debtors and discount on creditors

latest answer

For calculation of debtors, Reduce landlord amount and goods sent on approval. From that amount reduce the bad debts ANd then calculate provision for bad debts.

Sathya S

CA Foundation

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1

154