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Top Down Test Example
Accountancy
answered on 11-Mar-25 10:35
What is the difference between the Carrying amount of the smaller CGU and of the larger CGU? Is there a reason why the CA of the smaller CGU is given in the problem?
latest answer
First we check if can allocate goodwill to lowest, if yes then we allocate to smallest CGU and check for impairment This can be a trick to confuse you in the exams.
V V
CA Inter
★ 3K+
1
284
Need clarification of illustration 2 of RPT AS 2
Accountancy
answered on 03-Mar-25 20:12
Sir, Please explain the illustration 2 of RPT AS 2, Which i can't understand clearly.
latest answer
You can watch revisions of AS 2
Kumar Anand
CA Inter
★ 2K+
2
398
In Buy back Trade payable
Accountancy
answered on 03-Mar-25 07:31
"Trade payable is given under application of funds (less: Trade payables). It means trade receivable is also the same amount, so it has been written off????
latest answer
No , they are showing net amount under application of funds( i.e., assets - liabilities)in the question
kumaresan C
CA Inter
★ 345
1
321
Company accounts ca foundation
Accountancy
answered on 22-Feb-25 09:57
How many marks would icai deduct for not writing the narration for a 15 mark question
latest answer
2 marks
Swania Shaji
CA Inter
★ 0
1
339
Opening bal
Accountancy
answered on 27-Feb-25 10:57
In this ill trade receivables opening balance only 200 but you put is as 250
latest answer
Thank you sir
Kanagaraj Selva
CA Inter
★ 4K+
2
286
Regarding eps
Accountancy
answered on 18-Feb-25 14:33
Sir in icai study material comprehensive question 9 chapter eps during calculation of eps we should take bonus share as 5lakhs ×12/12 as there is no increase in resource or further issue before issue of bonus
latest answer
Yes
Surya Kiranmayee
CMA Inter
★ 0
4
307
Incorporation of branch accounts
Accountancy
answered on 18-Feb-25 14:37
Hii sir... I have a doubt regarding ...why the expenses are credited in the books of branch sir? Could you please explain it?
latest answer
When you close nominal account during preparation of P&L We pass entry P&L Dr. To Expense Same logic is applied when we transfer expenses to HO Books Dr. HO books Cr. Expenses Expenses have debit balance. We are just closing the ledger.
Janani Nithiyamoorthi
CMA Inter
★ 0
1
249
Treatment of interim divident
Accountancy
answered on 10-Feb-25 09:05
Is interim dividend an adjusting or non adjusting event?
latest answer
The dividend was declared after the reporting period, it is a non-adjusting event.
Labdhi Jain
CA Inter
★ 180
1
268
Cash sale
Accountancy
answered on 10-Feb-25 09:07
What is the cash sale? detailed explanation
latest answer
The buyer pays immediately after receiving goods or services.
Rishana Ramees
CMA Inter
★ 0
1
246
Account
Accountancy
answered on 07-Feb-25 17:13
In a partnership account -1 the balance sheet in the question is given: Liabilities Sundry creditors:20000 Capitals: A:30000 B:20000 Assets: Sundry debtors:12000 Cash in hand: 3000 Stock:15000 Furniture:10000 Plant and machinery: 30000 Adjustments A,B are capitals C admitted and bought capital of 15000 And goodwill of 5000 for 1/6th share 2. The value of stock reduced by 10% and plant and machinery are appreciated by 10% 3. Furniture is revalued at 9000 4. Provision for doubtful debts is to be created on Sunday debtors at 5 % and rs. 200 is to be provided for an electriciry bill 5. Investment worth 1000( not mentioned in the balance sheet) is to be taken into account 6. A Creditor of rs.100 is not likely to claim his money and is to be written off How and where to written all these amongst revaluation account and partnership account and cash account balance sheet
latest answer
what is your doubt here?
HamsaLekha Tipparaju
CMA Foundation
★ 0
1
330