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Doubt
Accountancy
answered on 03-Jun-21 13:28
Sir Here how to find the no. Of bonds as per the cum interest... Iam not getting that. Please help me out
latest answer
Okay, great. Happy studying!
Anirudh gupta
CA Inter
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3
465
Work in progress
Accountancy
answered on 03-Jun-21 10:48
Generally what is the Work in Progress in case of service providers?
latest answer
Ok sir
bsai partish
CA Final
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2
470
Preparation of financial statements
Accountancy
answered on 02-Jun-21 22:09
Sir in this example interest on debentures is taken into profit and loss account but why we didn't take interest on preference shares?
latest answer
Thank you sir
Balamurugan V
CA Final
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4
492
Branch accounts
Accountancy
answered on 03-Jun-21 14:46
In illustration 4 of video, Trading account of branch is prepared at invoice price (I.e.) Cost + profit of HO because the invoice price is the cost to the branch. But in Illustration 8, trading account of branch is prepared on cost. On what basis it is solved like that? What is the point to observe?
latest answer
Thank you sir
Nivedha Balaji
CA Final
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4
506
Preparation of financial statements
Accountancy
answered on 02-Jun-21 18:58
Sir , we have provision for depreciation in trail balance but why we didn't take that item into balance sheet? ( Illustration 1 of indigolearn lectures)
latest answer
Thank you sir
Balamurugan V
CA Final
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2
484
AS 5
Accountancy
answered on 03-Jun-21 10:09
Can anyone explain how it is treated as prior period item? What is the error or omission in this case?
latest answer
The final bill must be accounted in the year 20X8 but it was not accounted. Since it was accounted in 20X9, it is considered as prior period item because of ommission
Himanshu Somani
CA Final
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1
463
Branch accounts- Illustration 6
Accountancy
answered on 01-Jun-21 22:10
In question it is not mentioned whether the "Stock at Cochin as on 1st Jan" is at cost or at invoice price. But the problem is solved as it is in invoice price. Whether we can assume it to be in cost?
latest answer
They clearly mentioned that head office invoiced goods to branch at cost plus 25%. That means the opening stock in branch is also at invoice price only
Nivedha Balaji
CA Final
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1
463
Accounting standards
Accountancy
answered on 02-Jun-21 08:35
What is the difference between adoption and convergence of IFRS?
latest answer
Tq sir
bsai partish
CA Final
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2
505
Accounting for Employee stock option
Accountancy
answered on 02-Jun-21 08:37
In these two problems in illustration 5, when the unvested options lapsed they reversed the liability in respect of the 4000shares that had accured till date..but in the other problem they dont do that but just recognise the excess liabilty that is to be made...I cant get the reason behind it, why is there two different treatments? I mean if what is followed in ill5 is to be followed in ill 6 then we should have recognised the entire 910000 as on 31.3.X3 and revesed the ESOS Acc to the extent of 515000 to general reserve isnt it?
latest answer
Yes. Prefer net basis as all other illustrations than 5, does it.
Venkatesh Rathinam
CA Final
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5
501
If brs is given on 31 December in question should we prepare amended cash book?
Accountancy
answered on 01-Jun-21 12:17
How should we know year ending if it is given on 31 sr December? When should we prepare amended cash book if it is not mentioned in question?
latest answer
Yes. When to be prepared depends on the question.
MATURU HAMSA GAYATRI
CA Final
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1
496