Forums
Financial statements
Accountancy
answered on 17-Feb-21 11:03
Sir, one small doubt. How many pages we need to leave for Notes to Accounts if there is a working note in Notes to accounts???
latest answer
Thnq sir
James Js
CA Inter
★ 1K+
2
495
Insurance Claim
Accountancy
answered on 17-Feb-21 16:59
In Illustration 11 how do we get the amount of Uninsured Standing charges as 130000? There's no information given in the question regarding it and also in lecture no discussion was made on this point
latest answer
Thank you!!
Priyanka Udeshi
CFA L1
★ 14K+
9
677
S/P a/c to be used for premium on red of P.sh or not??
Accountancy
answered on 17-Feb-21 11:02
Can Security Premium A/c be used for writing off premium on redemption of Preference Shares? CA inter Grp-1 ICAI Study Mat. says they'll not use Security Premium a/c instead they have used P/L a/c.
latest answer
It wont be used.
Ishika Goel 282
CA Final
★ 3K+
1
505
CHANGES AND AMENDMENTS IN ICAI STUDY MODULES
Accountancy
answered on 17-Feb-21 14:23
how can we completely know the changes in new edition of study material from that of old? what are the amendments relevant for may 2021 exams?
latest answer
In free resources
Ali S
CA Final
★ 8K+
4
598
Single entry system
Accountancy
answered on 17-Feb-21 12:44
Debtors a/c dr. To freight a/c What is this entry for
latest answer
If you charge freight to customer.
Reetikaa R
CA Final
★ 7K+
3
553
Capital reserves
Accountancy
answered on 17-Feb-21 09:09
What are the uses of capital reserves,to what it be used?
latest answer
Capital Reserve is the reserve which is created out of the profits of the Company generated from its non-operating activities during a period of time and is retained for the purpose of financing the long term project of the Company or write off its capital expense in future or mitigating capital losses, or any other long-term contingencies. Capital reserve has nowhere been specifically defined in the Companies Act, 2013 or anywhere in Accounting Standards. It is not a free reserve. So it cannot be used by the company to declare dividends, to issue bonus shares, to write off accumulated losses and to write off share issue expenses.
Paidala Harish
CA Final
★ 2K+
1
501
For AS-4
Accountancy
answered on 16-Feb-21 11:30
Can we draw a timeline for date of events on the exam paper?
latest answer
Yes
Kishore Anil
CFA L1
★ 2K+
1
486
Redemption of preference shares and buyback of equity shares
Accountancy
answered on 16-Feb-21 11:31
Instead of the redemption and buyback of preference and equity shares,like in the case of redemption of debentures,can the company buy those shares in the market ?
latest answer
Even if they buy from market, it would be treated as buyback.
Paidala Harish
CA Final
★ 2K+
1
446
How are the operating and non oprating expenses are decided
Accountancy
answered on 17-Feb-21 10:59
How are the operating and non oprating expenses are decided for preparation of profit and loss account What is the of segregatting
latest answer
No
nisam M
CA Final
★ 23K+
3
575
Differemce between direct and indirect expenses
Accountancy
answered on 17-Feb-21 08:31
For the prepration of trading and profit loss account how we decide an expense is direct or indirect expenses , like transporation expenses
latest answer
Profit and loss account are indirect expenses
nisam M
CA Final
★ 23K+
4
872