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Accounting standards
Accountancy
answered on 10-May-21 11:41
Wt is meant by carve out and carve it ??
latest answer
There are certain changes in Ind AS in connection with economic environment of the country and the economic environment presumed by the existence of IFRS. These are mainly due to differences in economic conditions prevailing in India. When these differences are in deviation to the accounting policies and practices stated in IFRS its said to be 'Carve-outs'. Additional guidance given in Ind AS over and above given in IFRS is known as 'Carve-in'
anusha athikamsetty
CA Inter
★ 65
1
698
Insurance claim .. illustration 9 in indigolearn study material
Accountancy
answered on 10-May-21 08:20
Just want to know why GP is not calculated on adjusted annual Turnover, Bcoz generally we do that way .... But sir has calculated it on direct Gross profit amount 50,000 kindly explain it please
latest answer
I see ... Yes sir missed that note below... Thank you sir .. Big fan of your teaching sir��
Deepak Raja
CA Final
★ 1K+
2
781
Redemption of preference shares
Accountancy
answered on 07-May-21 10:47
What is the MAIN theme in the following? Please try to explain.
latest answer
Nothing major. Please refer to illustrations solved in the course to understand it better
Mahi Yadav
CA Inter
★ 0
1
551
As11
Accountancy
answered on 07-May-21 11:01
Why closing stock of integral foreign operation are translates using the closing rate? Closing stock being non monetary item should have been translated at the rate that existed at the date of transaction ?
latest answer
Ok sir
Abhishek Purohit
CA Inter
★ 10K+
6
835
AS-1
Accountancy
answered on 06-May-21 15:29
As per AS-1 Disclosure of accounting policies' any change in an accounting policy can be called out under any of the three circumstances a) requirements of law / statute b) requirement of accounting standard c) for better presentation ,which has a material effect should be disclosed in the financial statements ,the AMT by which any item in the financial statements is affected by such change should also be disclosed to the extent ascertainable where such amount is not ascertainable, wholly or in part ,the fact should be indicated .Is this ok for the provision para for case based question related to AS-1 sir?
latest answer
Thank you sir
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
2
729
AS 16 - Illustration 6 (May 2019)
Accountancy
answered on 06-May-21 13:11
Can we assume that the specific loan has been utilized fully on 1st April itself, instead of assuming that it has been utilized proportionately throughout the year?
latest answer
Got it sir. Thank you so much.
Nivedha Balaji
CA Final
★ 9K+
5
652
Final accounts
Accountancy
answered on 15-May-21 10:22
Explain this entry .
latest answer
It is applicable for Stationary, manufacturing and stores material.
Reetikaa R
CA Final
★ 7K+
6
665
Why we are not calculating drawings ?
Accountancy
answered on 03-Jun-21 12:49
Can any tell why are we not calculating these drawings here
latest answer
Interest on drawing in c point in a point adi effective capital
Aakash Raavi
CMA Inter
★ 320
2
696
Doubt
Accountancy
answered on 03-May-21 13:50
In this question interest accrued on investment and interest on investment is given separately in trial balance but only interest on investment is taken in p&l and accrued interest is shown in balance sheet my question is why accrued interest is not shown in p&l .?
latest answer
So**
Sri kanaga Varshini
CA Final
★ 3K+
2
1K+
Doubt
Accountancy
answered on 02-May-21 18:56
How in this sum cost of purchase is 580000 (Given: adjusted purchases - 420000)see below image
latest answer
Ok thank you
Sri kanaga Varshini
CA Final
★ 3K+
2
763