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AS 3
Accountancy
answered on 03-Sep-24 10:33
Practical Qus. 11 What's the logic behind working note 1
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Thank you Sir
Soon to be CA
CA Inter
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In last 16:25: min last note 4 th point I not understand entire understand
Accountancy
answered on 01-Sep-24 17:06
In last 16:25 ples details explain sir
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Ok
R G
CA Inter
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AS 29
Accountancy
answered on 02-Sep-24 08:30
Question:- Chaos ltd entered into an agreement to supply 1 lac face masks to D ltd by 30th April 2022, failing which it will have to pay a penalty of Rs 10 per item not supplied .On 31st March 2022 chaos ltd assessed it could not supply 50000 face masks to D ltd on 30th april 2022. Doubt: in this question why cant i say there is present obligation for chaos ltd to pay penalty for 50000 goods as on 31st march 2022 since chaos ltd themselves has estimated that they wouldnt be abled to supply 1 lac goods to D ltd within time.
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thanks for clarity
Niveta Rajkumar
CA Inter
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AS 18
Accountancy
answered on 02-Sep-24 13:40
XYZ Limited is a 100% subsidiary of ABC Limited which of the following are related party transaction for the purpose of consolidation of financial statement. A salary paid to employees of XYZ Limited B loans given to employees of ABC Limited C intercompany sales between holding and subsidiary D loan given to managing director ABC Limited E transfer of assets by ABC limited to its subsidiary
latest answer
In case of consolidated financial statements, intra group transactions are eliminated. So C & E will not be reflected in financial statements. So D is the correct answer.
Sakshi Chauhan
CA Inter
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Interest
Accountancy
answered on 31-Aug-24 14:22
Sir in this question don't given what is the source of interest income or interest expense. But how to you write Interest income in investing activity and Interest expense in financing activity?
latest answer
If nothing is given in the question, In general, Interest expense comes under financing activity and interest income comes under Investing activity because interest is payable (expense) only for the borrowed funds and interest is only earned (income) from the investments made.
Ajaykumar Parit
CA Inter
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As 3
Accountancy
answered on 02-Sep-24 09:19
Ans given in this question is nil .how ?
latest answer
Sale of an asset or an equipment will come under the Investment activity. It will not cover under the Operating Activity.So, the answer is nil.
Lucky Ten
CA Inter
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149
As 7
Accountancy
answered on 02-Sep-24 13:48
How to solve these MCQ ? Method
latest answer
These are not wrong.
Lucky Ten
CA Inter
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153
As2
Accountancy
answered on 02-Sep-24 13:49
What is the ans ? For this question
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the question is not drafted properly.
Lucky Ten
CA Inter
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193
As 7
Accountancy
answered on 30-Aug-24 09:26
Hownto solve this MCQ ? Method?
latest answer
Materials purchased - Materials unused = 50 Labour = 60 Depreciation = 100/15*3 = 20 Future costs to incur = 80 Total costs = 210 Less : Fixed price contract = 200 Loss of 10L
Lucky Ten
CA Inter
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135
As 7
Accountancy
answered on 02-Sep-24 23:01
How to do this question ? Method?
latest answer
Ya got it sir
Lucky Ten
CA Inter
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