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AS 10
Accountancy
answered on 27-Apr-21 08:33
If Revaluation model is followed for some class of assets, whether cost basis model can be followed for remaining class of assets?
latest answer
An accounting policy must be followed for entire class of assets
Nivedha Balaji
CA Final
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AS 14 can't find
Accountancy
answered on 26-Apr-21 20:05
Sir where is AS 14? I could not find Please help me..
latest answer
Its with amalgamation
Sai Teja
CA Final
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1
456
Redemption of premium amount
Accountancy
answered on 27-Apr-21 11:30
Can we cancel off the premium amount from securities premium account or only general reserve Because in the icai book it was cancelled from general reserve
latest answer
Okay thank you
akshaya polisetty
CA Inter
★ 510
4
611
Depreciation
Accountancy
answered on 28-Apr-21 17:57
Changing method
latest answer
This is the answer to the above question
Jyoti Sehgal
CA Foundation
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2
539
Departmental account q4 study material new syllabus p.no12.29
Accountancy
answered on 26-Apr-21 19:05
ii memorandum stock account for the department a at the selling price iii. Memorandum departmental markup account I need explainatiom on this mark up mark down Why 25% on opening balance purchases and then
latest answer
Yes, what in that?
Sultana Sultana
CA Inter
★ 245
3
499
Overview of account standard
Accountancy
answered on 26-Apr-21 21:42
Gross margin formula
latest answer
Tq u
Sandhya K
CA Inter
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2
540
profit and loss pre and post Incorporation
Accountancy
answered on 26-Apr-21 10:33
iii) Bad debts treatment(With reason)
latest answer
It is allocated on the basis of Sales Ratio as it is variable expense linked with turnover.
Mahi Yadav
CA Inter
★ 0
1
592
Profit or loss pre and post incorportion
Accountancy
answered on 25-Apr-21 19:39
How to calculate Sales ratio simply?
latest answer
Follow this method..
Mahi Yadav
CA Inter
★ 0
1
463
Profit or loss pre and post incorporation
Accountancy
answered on 26-Apr-21 10:44
When Travelling expenses or Travelling commission given in question. On which basis we have to calculate either on Time or Sales?
latest answer
Thank you sir.
Mahi Yadav
CA Inter
★ 0
6
946
Doubt
Accountancy
answered on 26-Apr-21 13:05
For example, a question has depreciation â?¹40000 and provision for depreciation asâ?¹110000 in trial balance. And asset value is â?¹5800000. How should we post it in P/L and B/S.
latest answer
Fixed assets are companyâ??s tangible assets that are relatively durable and used to run operations and generate income. They are not used to be consumed or sold, but to produce goods or services. Due to the long-term use, the value of fixed assets decreases as they age. Depreciation is the allocation (over the useful life) of the acquisition cost of a fixed asset caused by a decrease in its value. At the end of each financial year, we debit the depreciation expense account and credit the provision for depreciation (on relevant fixed asset account) with the amount of depreciation calculated for the year. For income statements, depreciation is listed as an expense. It accounts for depreciation charged to expense for the income reporting period. On the other hand, when itâ??s listed on the balance sheet, it accounts for total depreciation instead of simply what happened during the expense period. Your balance sheet will record depreciation for all of your fixed assets. This means youâ??ll see more overall depreciation on your balance sheet than you will on an income statement. Equipment is listed on the balance sheet at its historical cost amount, which is reduced by accumulated depreciation to arrive at a net carrying value or net book value.
Susai Yappan
CA Inter
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