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Consignment
Accountancy
answered on 10-Jun-21 16:57
How normal loss has impact on gross profit? How abnormal loss does not impact gross profit?
latest answer
Normal loss increases the cost of inventory and COGS
MATURU HAMSA GAYATRI
CA Final
★ 23K+
3
922
Redemption of preference shares
Accountancy
answered on 10-Jun-21 10:07
In this question from study material, the amount to be transfered to CRR A/C should be face value of preference shares redeemed - face value of equity shares issued i.e, Rs.65000-Rs.37500=Rs.27500. But how did we arrive at Rs. 33750 (Rs.65000-Rs.31250). The equity shares are issued at face value, then why is it given as 31250 and 33750?
latest answer
Thank you sir
Mayilvizhi Maan
CA Inter
★ 6K+
2
552
Company accounts
Accountancy
answered on 10-Jun-21 13:36
In 3 rd question they didnâ??t write entries which are related to cash and narration for those cash transactions was written in ledger . Can we write narrationâ??s in ledger.if yes when can we write?
latest answer
Please be clear with your query
MATURU HAMSA GAYATRI
CA Final
★ 23K+
1
455
Debentures
Accountancy
answered on 10-Jun-21 07:55
As share has maximum limit(Authorized share capital) to rise funds from public.....like that is there any limit to debenture or can we get unlimited loan from issuing debenture.
latest answer
You will learn about it in CA Inter - there are limits and approvals required from Shareholders
Shreesha .T.u
CA Foundation
★ 2K+
1
438
AS
Accountancy
answered on 09-Jun-21 11:01
AS-4 EXAPLIN THIS. Accounting treatment for contingent losses and gains...( attached below)
latest answer
In case it is likely that contingency would result in the loss of the business, then itâ??s prudent to account for such loss in the financial statements. A Contingent gain isnâ??t recognized in the financial statements as their recognition could result in recognition of revenue that might never be realized.
Sathiya Bama
CA Final
★ 24K+
1
431
AS
Accountancy
answered on 14-Jun-21 06:21
Ans for this qn gn below? Q4.BETA LTD.ISA FULLTAX FREEENTERPRISEFORTHEFIRSTTEN YEARS OF ITS EXISTENCEAND IS IN THESECOND YEAROFITSOPERATION.DEPRECIATION TIMING DIFFERENCERESULTINGINATAXLIABILITYINYEAR1AND2IS`1,000LAKHSAND`2,000 LAKHS RESPECTIVELY. FROM THETHIRD YEAR IT ISEXPECTED THAT THETIMING DIFFERENCEWOULDREVERSEEACHYEARBY`50LAKHS.ASSUMINGTAXRATEOF40%, YOUAREREQUIREDTOCOMPUTETOTHEDEFERREDTAXLIABILITYATTHEENDOFTHE SECONDYEARANDANYCHARGETOTHEPROFITANDLOSSACCOUNT.
latest answer
No. However, you can purchase each standard which you want on our app.
Sathiya Bama
CA Final
★ 24K+
6
543
Banking companies
Accountancy
answered on 09-Jun-21 11:48
What is crr and slr for may 2021 attempt And how percentage should we transfer to statutory reserves ??
latest answer
SLR at 18% CRR at 3% Statutory Reserve - 25%
Enuguru Sai Nithin
CA Final
★ 78K+
1
396
Profit or loss pre and post incorporation
Accountancy
answered on 08-Jun-21 19:17
How will the employee benefits expense be 2000.What is the calculation?
latest answer
ok sir.
Jency Sneha G
CA Inter
★ 80
15
401
AS
Accountancy
answered on 08-Jun-21 18:46
I cannot get grip this sum..how 6 yrs only taken as prior period items..how can anyone explain with in detail?
latest answer
They missed to provide for amortisation for 6 years. so prior period.
Sathiya Bama
CA Final
★ 24K+
1
432
AS
Accountancy
answered on 08-Jun-21 18:28
Explin this
latest answer
Rs. 1,40,000 was DTL in 2014-15 Rs. 70,000 got reversed in 2015-16 Rs. 70,000 got reversed in 2016-17. So, entire DTL got reversed. So NIL
Sathiya Bama
CA Final
★ 24K+
3
520