Forums
Ipo
Accountancy
answered on 23-Mar-21 20:09
Does autorised share capital include both offer for sale and fresh issue during IPO.
latest answer
Thank you sir... Even I got the concept cleared.
Shreesha .T.u
CA Foundation
★ 2K+
4
790
Bills of exchanga
Accountancy
answered on 04-Dec-20 09:16
8th mcq in bills of exchange.. How to calculate discount??
latest answer
You have to multiple the time as 3/12 or 2/12 as the case may be, because interest rates given are per annum
Hema Sree
CA Inter
★ 2K+
5
563
Treatment of repair expense
Accountancy
answered on 03-Dec-20 20:46
This 2500 is spent for repair of damaged radio sets in the closing inventory. Will this be included in the cost of closing inventory? Why or why not?
latest answer
It will not be included. It does not improve the state of radios.
Aman Mahajan
CA Final
★ 19K+
1
513
Asset
Accountancy
answered on 03-Dec-20 09:12
Plse give example f point
latest answer
If a company has incurred some development expenditure for intangible asset but at a later point of time realises that the intangible will not yield benefits, the development expenditure will be expensed.
Nivetharaman Raman
CA Foundation
★ 11K+
1
455
Revenue Expenditure or Capital Expenditure
Accountancy
answered on 03-Dec-20 09:26
Money spent to reduce working expenses is ... As per ICAI Module, it is capital expenditure. And as per ICAI Mtp Nov 2020, it is revenue expenditure. What's the correct answer?
latest answer
This is generally a capital expenditure.
Aman Mahajan
CA Final
★ 19K+
3
755
Balance sheet
Accountancy
answered on 03-Dec-20 09:13
Is it necessary to follow order of permanence or liquidity in the balance sheet (in exam). Can we list the items randomly?
latest answer
Try to follow to the extent possible.
Aman Mahajan
CA Final
★ 19K+
1
470
Normal Loss and Abnormal Loss
Accountancy
answered on 13-Sep-22 16:49
Raj of Gwalior consigned 15,000 kgs of Ghee at Rs. 30 per kg to his agent Siraj at Delhi. He spent Rs. 5 per kg as freight and insurance for sending the Ghee at Delhi. On the way 100 kgs. of Ghee was lost due to the leakage (which is to be treated as normal loss) and 400 kgs. of Ghee was destroyed in transit. Rs. 9,000 was paid to consignor directly by the Insurance company as Insurance claim. Siraj sold 7,500 kgs. at Rs. 60 per kg. He spent Rs. 33,000 on advertisement and recurring expenses. In this question, how will the value of abnormal loss be calculated? Will normal loss be deducted first or abnormal loss?
latest answer
Yes
Aman Mahajan
CA Final
★ 19K+
6
4K+
Depreciation
Accountancy
answered on 02-Dec-20 15:44
Sir.... In annuity method depreciation... Why we are debit-ing the interest account? What is the story behind? Please explain.....sir?
latest answer
Ok sir
Girinath A
CA Inter
★ 765
2
544
Format of BRS
Accountancy
answered on 02-Dec-20 14:55
Which format of BRS should be followed in exam? The 1st one or second one?
latest answer
Either is fine.
Aman Mahajan
CA Final
★ 19K+
1
689
ESOP
Accountancy
answered on 02-Dec-20 14:56
How can the company estimate today ,the furute market value of the Employee stock on the vesting date,in practically how can a company can estimate the market value of the Employee stock ?
latest answer
There are mathetical formulae which are used to estimate. Black scholes is one such model.
Paidala Harish
CA Final
★ 2K+
1
525