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Illustartion 7, pg 4.42, Financial statements of company
Accountancy
answered on 27-Jun-21 20:46
Why interest on debentures has double effect even if it is shown in trial balance?? (It is shown under finance cost as well as under other current liabilities)
latest answer
Int on deb not given in trail bal So doubt effect arises One is finance cost and other is other CL
Sambhav Singh Patel
CA Inter
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1
499
Accounts
Accountancy
answered on 28-Jun-21 06:37
Whether in the advance accounting ( Group 2 CA- Inter ) all the questions from ICAI latest module are covered?? Actually I am planning to buy the course that's why I am asking
latest answer
Most of them yes - if you have multiple problems of the same type then we would not cover all such problems
Anjali Dhyade
CA Inter
★ 330
2
478
AS2(revised)
Accountancy
answered on 27-Jun-21 15:01
Can anyone explain that why we take value of inventory always at (NRV or cost of inventory whichever is less) ?
latest answer
It's simple... As per AS-2 Stocks are always valued at lower of the NRV or cost price it's shows true and fair of the profit or financial position of the organisation... If you are valued stocks at higher of the NRV or Cost price it is indirectly leads to overvaluation of our Profit without making actual profit by the operations....
rinky sharma
CA Inter
★ 1K+
1
487
Capital and revenue expenditures
Accountancy
answered on 27-Jun-21 12:10
In the ICAI study material the amount paid to bring the inventory to current place is treated as revenue expenditure. But we have studied that the expenses incurred to bring the inventory to current place and position should be added to the cost of inventory so it goes to the Balance sheet. Kindly explain the confusion.thankyou.
latest answer
Thankyou so much sir. Feeling so happy i got such great passionate teachers like you.
Aswin Chandar
CA Final
★ 40K+
4
452
Amalagamation
Accountancy
answered on 26-Jun-21 12:14
Is there any specific balance sheet format for Merger (Amalgamation)?
latest answer
No.
Swetha S
CA Inter
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1
404
Accounts problem
Accountancy
answered on 27-Jun-21 10:39
Can any one solve this question ?
latest answer
It can be simply calculated by applying the formula . Super profit = avg profit - normal profit Capital employed is total of net worth + debt .
Aakash Raavi
CMA Inter
★ 320
3
508
Dividend received
Accountancy
answered on 25-Jun-21 20:56
In answer they saying dividend received on shares purchased on 1/6/2009...but where it is in question... Dividend should be on 15000 shares right..... I wanna know how cum this 10000 in amount column
latest answer
Yr welcome
Triveni Patil
CA Inter
★ 290
3
441
Interim dividend
Accountancy
answered on 25-Jun-21 20:25
How to calculate interim dividend
latest answer
Op bld shares + purchase shares +bonus shares +right shares -sold shares*fv*dividend rate
Triveni Patil
CA Inter
★ 290
1
402
Expenses
Accountancy
answered on 25-Jun-21 16:20
Please explain this question no 9?
latest answer
Thank you so much.
Vijay K
CA Inter
★ 9K+
2
456
Capital and revenue receipt
Accountancy
answered on 25-Jun-21 12:38
Insurance claim received an account of a machinery damaged by fire. My doubt is why the above incident is capital receipt instead of revenue receipt?
latest answer
Yes! It is capital receipt,As this is a receipt that deals with fixed assets, it falls under capital receipt.
Vijay K
CA Inter
★ 9K+
1
666