Forums
How to calculate pvf @12.6% for 2yrs in calculator sir
Accountancy
answered on 21-Aug-24 10:35
My pvf is different from book pvf
latest answer
Thank u so much
Sri Durga
CA Inter
★ 590
7
325
AS 13 - right issue - renouncement of rights
Accountancy
answered on 19-Aug-24 10:24
If we are selling the right issue to other person without purchasing the share then why should we credit the investment of equity share acount. We haven’t make any impact previouly. (i.e. Purchase of investment entry)
latest answer
Generally after a rights issue, the price of share would fall down. So if the price falls down, it is appropriate to reduce it from the cost of shares.
Akshaya Sridhar
CA Inter
★ 1K+
1
108
Rectification
Accountancy
answered on 19-Aug-24 10:31
Goods worth Rs.1000 were sent on sale or return basis to a customer and entered in the sales book.At the close of the year, the customer still had the option to return the goods.The sale price was 25% above cost. Then what is the cost of the goods & how is the sale price 200.
latest answer
Cost - 100 Profit - 25 ------------ Sales - 125 Profit percentage is 25% on cost i.e. 25/100 which is 20% on sales i.e. 25/125
Aamina Muneera
CA Foundation
★ 1K+
5
300
Rectification of error
Accountancy
answered on 19-Aug-24 17:10
Why income is shown in liability side
latest answer
Income has a credit balance and is shown on credit side of profit & loss account.
Sathya S
CA Foundation
★ 3K+
1
168
AS 7
Accountancy
answered on 20-Aug-24 09:08
ICAI material Pg no.8.27 4th and 5th MCQs explanation?
latest answer
In 4th MCQ revenue to be recognized based on work certified as given in the question. So, the answer is 320Lakh In 5th MCQ the total expenses are the cost incurred till date i.e., 360Lakh
Monika T
CA Final
★ 7K+
1
142
AS 16
Accountancy
answered on 17-Aug-24 01:03
here in this question, where did 52,50,000 Rs came from?!
latest answer
We are calculating the average accumulated interest. And then reducing the specified loan part from it. That is 50 Lakhs. And on the balance part that is 2,50,000 we apply 9.6% to arrive at the interest. So the interest to be capitalized is 1. On specified loan [50,00,000 × 8%] 4,00,000 2. On general Borrowing [(52,50,000 - 50,00,000) ×9.6%] 24,000
Niveta Rajkumar
CA Inter
★ 6K+
1
255
Journal
Accountancy
answered on 17-Aug-24 00:43
I need Solution and explain for this sim
latest answer
You're welcome
Muthu Manickam
CA Foundation
★ 100
6
186
Buy back
Accountancy
answered on 16-Aug-24 10:07
In debt equity ratio Equity = paid up capital+ free reserves Paid up includes = preference share also?
latest answer
Preference share capital is not included in paid up capital
Akhil
CA Inter
★ 180
2
187
AS 16 Borrowing cost
Accountancy
answered on 16-Aug-24 15:55
In the calculation of average accumulated expense, why is the expense for august 2023 ₹10,00,000 valued for 10 months instead of 6? (1st august 2023 to 31st January 2024)
latest answer
specific borrowing is taken for full period. Any income from such borrowing (when they are invested ) are deducted.
Sujitha M
CA Inter
★ 1K+
1
169
AS 16 Borrowing Cost
Accountancy
answered on 16-Aug-24 19:00
Can anyone please explain the computation part? J have arrived at the average interest rate at 11.9% but why can't I apply the same to funds incurred?
latest answer
OK sir got it
Sujitha M
CA Inter
★ 1K+
2
194