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DDT- final accounts
Accountancy
answered on 17-Apr-21 14:17
As Dividends are taxable in the hands of share holders , should we continue to charge DDT in the books of company or can we ignore the step.
latest answer
As DDT is not applicable now. You can ignore
KARTHI VB
CA Final
★ 2K+
1
640
AS-7
Accountancy
answered on 17-Apr-21 17:30
in the illustration (attached below) ,why the contract price was credited with 90+9. ? In video 4 AS -7 ,in the same illustration,the contract price was credited with reimbursable cost only(90000)
latest answer
The solution in the study material is incorrect When the outcome of a construction contract cannot be estimated reliably: (a) revenue should be recognised only to the extent of contract costs incurred of which recovery is probable; and (b) contract costs should be recognised as an expense in the period in which they are incurred Here is the correct solution attached
venkatesh sundharamoorthy
CA Final
★ 34K+
1
665
Rectification of errors
Accountancy
answered on 19-Apr-21 10:58
Can u clear the first entry
latest answer
I have already shared the correct entry with you
THARUN KUMAR EKAMBARAM
CA Foundation
★ 18K+
11
737
Doubt
Accountancy
answered on 17-Apr-21 10:04
Dr. Balance in bank current account means it is overdraft so it is to be shown under current liability but in this question, in ans key it is treated as like that of cr. Balance. Which is correct?
latest answer
S sir thank you
Sri kanaga Varshini
CA Final
★ 3K+
2
876
Investment account
Accountancy
answered on 17-Apr-21 08:58
How do we got the cost amt? Formula for the valuation of equity shares 615000*500000/750000 can any one tell the formla of this
latest answer
Tq u
Sandhya K
CA Inter
★ 5
3
789
Notional expense or Loss
Accountancy
answered on 16-Apr-21 18:53
Is depreciation a notional expense?And Loss on sale of fixed asset is notional loss or not.if not, What should we call it.?
latest answer
Depreciation is operating expenses Loss on sale of fixed assets is non operating expenses
Pranav Connecting...
CA Inter
★ 4K+
4
1K+
Ca final -ind as 19
Accountancy
answered on 20-Apr-21 14:21
What is unamortized past service cost?
latest answer
Here it is a gain from curtailment and not a cost
Teena Goyal
CA Final
★ 0
7
1K+
AS 14
Accountancy
answered on 16-Apr-21 10:57
Sir /madam Please explain, the calculation of debentures
latest answer
Thanks a lot sir
Bliss Full
CA Inter
★ 580
2
769
Investment account
Accountancy
answered on 15-Apr-21 21:21
In the average cost how do we got average cost?
latest answer
Bonus shares have no cost. So, purchase amount is spread over total shares (Shares purchased + Bonus shares)
Sandhya K
CA Inter
★ 5
2
725
Investment accounts
Accountancy
answered on 15-Apr-21 18:17
How do we got the interest amt
latest answer
Interest will be paid half yearly on 31st of March and 30th of September. 1. On the date of purchase i.e. 1st December. 2 months interest got accrued. (October and November). Interest= 10 lakhs *12%*2/12 = Rs. 20,000 2. On the date of sale, i.e. 1st March. 5 months interest got accrued. (October, November, December, January and February) Interest= 10 lakhs *12%*5/12 = Rs. 50,000
Sandhya K
CA Inter
★ 5
1
649