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Final accounts
Accountancy
answered on 15-Mar-21 12:08
Can anyone plz explain the 6th adjustment ?
latest answer
OK sir thank you
Meda Jeevansai
CA Final
★ 21K+
6
1K+
liquidation of companies
Accountancy
answered on 11-Mar-21 13:53
in illustration 6 as per the indigo learn material why we are not including outstanding expenses excluding mortgage intrest were settled for 2000 in payments side
latest answer
It is an error . Thanks for highlighting. We will rectify
satya nagulapalli
CA Inter
★ 150
1
641
Cash flow statement
Accountancy
answered on 11-Mar-21 12:39
In this sum how to calculate tax provisions and advance tax
latest answer
Good topic. Please refer video at serial 15, 16 (Illustration 5) under Cash Flow Statement - faculty has beautifully explained this calculation.
Prasanna Venkatesan
CA Final
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1
615
Contingent liability
Accountancy
answered on 11-Mar-21 23:05
Contingent liability if becomes payable, is it current liability??
latest answer
Thank u sir
Reetikaa R
CA Final
★ 7K+
6
549
Capital expenditure
Accountancy
answered on 10-Mar-21 13:30
Inauguration expense on the opening of a new manufacturing unit welcomes n explores more customers .it means sales will increase n there would be a reach for our product .the benefit doesn't exist right . Then how come it s revenue exp??
latest answer
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period. Revenue expenditures are the ongoing operating expenses, which are short-term expenses used to run the daily business operations Refer the above paragraph u will easily understand
Reetikaa R
CA Final
★ 7K+
5
688
Material
Accountancy
answered on 10-Mar-21 12:00
What is the use of inter accounting pronouncements material? Should we study from that also?
latest answer
That's very long time
Pooja .
CA Final
★ 210
9
766
Accountancy concepts
Accountancy
answered on 09-Mar-21 20:58
What is the difference between realisation n conservatism concept
latest answer
Thank u
Reetikaa R
CA Final
★ 7K+
4
1K+
Narration
Accountancy
answered on 09-Mar-21 19:18
Do we need to write a suffix (As per board resolution dated.......) In narration of bonus issue???
latest answer
Not required
James Js
CA Inter
★ 1K+
1
668
Ch 1
Accountancy
answered on 09-Mar-21 14:35
There r 2 definitions for accounting .which shd i write in exam ? THE ART OF RECORDING ,CLASSIFYING ,SUMMARIZING IN A SIGNIFICANT MANNER AND KN TERMS OF MONEY,TRANSACTIONS AND EVENTS WHICH ARE IN PART AT LEAST ,OF A FINANCIAL CHARACTER AND INTERPRETING THE RESULTS THEREOF . OR THE PROCESS OF RECORDING, CLASSIFYING ,SUMMARIZING ,ANALYSING ,AND INTREPREETING ,THE FINANCIAL TRANSACTIONSAND COMMUNICATING THE REULTS TO THE PERSONS INTERESTED IN SUCH INFO .
latest answer
both are ok
Reetikaa R
CA Final
★ 7K+
4
627
Insurance claim for loss of prpfit
Accountancy
answered on 09-Mar-21 10:56
Sir,in module illustration 1 _ there was some workings, related to download trend are they useless sir? Image attached below
latest answer
Yes, you may ignore it. But it includes calculation of sales of first quarter of 20X2, which is important. Also, it's downward-trend (typo in description), which is nothing but a shortfall in quarterly sales which happened. Though was not asked in question, but just know how it is calculated, say if get asked as a part of question. Happy studying!
Subash Chandrabose
CA Final
★ 32K+
1
551