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Accountancy
answered on 27-Feb-21 22:10
Amount Spent to reduce Working Expenses? Is it Capital or Revenue Expenditure?and How?
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Welcome
Bharath Sathvik
CA Inter
★ 490
3
450
Journal
Accountancy
answered on 27-Feb-21 16:26
Pls explain 2(i)
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2nd
gopika sivaperumal
CA Inter
★ 6K+
7
484
As-4
Accountancy
answered on 27-Feb-21 03:08
When proposed dividend declared after balance sheet date? Are we need to adjust in balance sheet?
latest answer
Proposed dividend not to be adjusted in the balance sheet date,as per new amendment.It is a non adjusting item
sameer fahad
CA Final
★ 5K+
1
729
Dividend distribution
Accountancy
answered on 26-Feb-21 15:01
The attached image is the NOTES TO ACCOUNTS of Qn. No. 4 of Practical questions of chapter-4 of paper 1 Here no information is given in question regarding, "Increase for the purpose of grossing up of dividend" And "Dividend distribution tax and it's rate" Why these are done there?? Can u please explain that working note??
latest answer
DDT is not applicable now.
ALDRIN G
CA Inter
★ 12K+
1
485
Departmental Accounts
Accountancy
answered on 27-Feb-21 00:47
Has mark-up questions been asked lately? Is it really important to focus on?
latest answer
Mostly they wont ask but Don't take the risk.they asked in Nov 2019 attempt.i will recommend jagrat creation in youtube(free).if markup question is come, only one model will be available.there will no extra adjustment(95%).number only differ..
Kishore Anil
CFA L1
★ 2K+
1
628
Commission
Accountancy
answered on 26-Feb-21 16:07
Why didn't we include commission under "Employee benefit expense" in profit and loss account
latest answer
Sales related expenses are generally clubbed with marketing expenses
ALDRIN G
CA Inter
★ 12K+
1
483
STATEMENT OF PROFIT AND LOSS
Accountancy
answered on 26-Feb-21 16:27
In Illustration 6 of Textbook page no.4.41 of Paper1, opening stock, closing stock, and Purchases amounts are given.... But Under 'Cost of materials consumed', only the value of purchases is included....... i hav attached the qn and answer with this.... But in other questions, we have found the value by using: Opening stock+Purchases-closing stock Why??? Please clear this doubt
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Ohh kk sir...... Thank You
James Js
CA Inter
★ 1K+
8
463
Share capital
Accountancy
answered on 25-Feb-21 08:15
Sir, one small doubt..... 1)Under the head Share capital, do we need to include all the following words? Authorised, Issued, Subscribed, Called up and Paid up 2) What to do if the details of everything (authorised, issued,.....) Are same??? I had this doubt for a very long time..... Please Clarify this doubt...
latest answer
Yes, you will have to include all. If all are the same you will have the title heading as Authorised, issued, subscribed & paid-up capital Rs. X - Check the annual report of any listed company you will understand better
James Js
CA Inter
★ 1K+
1
483
Insurance claim
Accountancy
answered on 25-Feb-21 11:17
Sir I have a doubt in illustration 30 on cma material
latest answer
It is given in the question that Stock in 2011 was valued at 10% less cost and closing stock for 2012 is calculated 10% above cost.
Muhammed Riyas
CMA Inter
★ 2K+
4
458
Final Dividend after bonus /right
Accountancy
answered on 23-Feb-21 21:28
If final dividend (suppose 20%) is received after the issue of bonus shares and/or eight shares, then Will the value of shares on which 20% is calculated include bonus and/or right shares? Eg. Opening bal. = 20,000 shares Bonus (1:2) = 10,000 shares Right (1:3) = 10,000 shares Now, Final Dividend is declared and received @ 20%. This 20% will be on original 20,000 shares or total 40,000 shares?
latest answer
It depends on how company declares dividend. If nothing is mentioned, all shares held on record date qualify for dividends.
Ishika Goel 282
CA Final
★ 3K+
1
475