Branch accounts

answered on 01-May-24 21:15

In the stock and drs method, in stock adj a/c whether we should include the stock reserve of returned goods to HO ? Because in the ICAI module in the illustration they had included but not in the practice question. I attached the pic of the solutions

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Ohh okay, now I got where I made a mistake Thank you soo much sherli !!

Jashvanth.K

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Construction contracts

answered on 01-May-24 15:45

What is the answer to 2 and 3? And why? And how?

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See this broo

sradha krishna sunil

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182

Inventory

answered on 01-May-24 20:25

What is the right ans to this ? And why?

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Option b

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AS-22 Accounting for taxes on income

answered on 01-May-24 07:49

The answer is DTL=1,50,000 right?

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Yea

Shaviri Reddy

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Cash flow statement

answered on 03-May-24 11:12

In this question isn't the capital redemption reserve increasing from 2 lakhs in year 0 to 6 lakhs in year 1? While solving that opening and balance are not considered? and does the balance in that acc should be considered? does it make any impact while solving CF related question?

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It would be considered in transfer from retained earnings or general reserve.

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AS 13

answered on 30-Apr-24 16:41

Can someone explain solution for this in simple terms? Practical Question 9

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Okay Sir

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AS 7 ISM MCQ

answered on 30-Apr-24 12:59

Expenses for the year should be recorded till the extent of cost incurred for the year Then the answer to Q. 2 should be a. 30L But the book states 36L Why?

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Cost incurred + expected losses - current year loss 30+ 8- 2 = 36 lakhs

Hamna KSMB

CA Inter

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Government Grants

answered on 30-Apr-24 10:47

We will deduct the residual value from the assets for calculation of depreciation but during refund of grants in respect of depreciation calculation whether we deduct the residual value from assets again ?

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Thank you

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CA Inter

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AS 7

answered on 30-Apr-24 16:22

Sir, what are the correct answers for MCQ 2, 4, 5 and 6 qn 2: 30+(120-112) = 38 Lakhs ? Please explain Qn 4, 5, and 6 Sir

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You're welcome.

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195

Investment Accounts

answered on 30-Apr-24 16:41

In study material question related to cum interest is not provided. Should we practice question from old study material?

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Okay Sir

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