Forums

Final a/c

Accountancy

answered on 01-Dec-20 18:50

What will the effect of these adjustments on trading nd p&l a/c and balance sheet

latest answer

Yes

aishwariya  P

aishwariya P

CA Inter

180

9

525

Banking companies

Accountancy

answered on 01-Dec-20 09:39

What % is to be used for CRR and SLR?

latest answer

CRR 3% SLR 18%

Gomathi K

Gomathi K

CA Final

40K+

1

507

AS 19

Accountancy

answered on 01-Dec-20 09:57

3rd one is it operating lease or finance ??

latest answer

Operating.

Mudassar Mahmood

Mudassar Mahmood

CA Inter

3K+

1

588

AS 4 or AS 5

Accountancy

answered on 01-Dec-20 12:34

A Ltd entered into an agreement with B Ltd on 1st Feb, 2019 wherein it was confirmed that former would acquire the later in near future. On 5th September, 1 month after Board approved FS, acquisition is effected. Should this be treated in books as per AS 4 or AS 5? Give a brief explanation

latest answer

Then its an item to be included in the financial statements ending on March.

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

6

546

AS 18

Accountancy

answered on 30-Nov-20 22:09

Two enterprises having common Key Managerial Personnel...are they related parties??

latest answer

If they can influence decision of both entities.

Varshini Pandiarajan

Varshini Pandiarajan

CA Final

30

1

510

Determining type of amalgamation

Accountancy

answered on 30-Nov-20 20:59

Sir can u please provide a quick hint on how to find whether the Q is to be solved by amalgamation in nature of purchase or merger I know all the 5 conditions when there is hint for goodwill Or assets are revalued But still they are some q's which doesn't provides any hint regarding it so kindly help me out Thank you

latest answer

If there is no hint, we need to check for the conditions.

Mudassar Mahmood

Mudassar Mahmood

CA Inter

3K+

1

472

Paper 5 partnership accounts. Illustration 5.

Accountancy

answered on 30-Nov-20 21:00

How did the amount of Deena bank 25,000 came in realisation?

latest answer

Can you share the question.

Amal Antony

Amal Antony

CA Inter

3K+

1

498

Banking

Accountancy

answered on 30-Nov-20 21:00

Sir, currently SLR requirement is 18 % Is that right?? Should we use this rate for exam?

latest answer

18%

Darshini Pandiarajan

Darshini Pandiarajan

CA Final

5

1

559

Amalgamation

Accountancy

answered on 30-Nov-20 18:00

How to find which method of amalgamation from the question?

latest answer

A. It would be explicitly stated, or you need to B. Find out whether all assets and liabilities are being taken over their respective book values Question from merger type is rarely asked

yuvaanthikka velraj

yuvaanthikka velraj

CA Final

0

1

498

Branch ac's

Accountancy

answered on 30-Nov-20 17:47

Sir, In branch accounts- illustration 1 i.e, buckingham bro's- wn_2 why did u take petty cash expenses in the credit side also,, if it is in the closing balance it means the petty cash is with the branch it self right

latest answer

Thank you sir

Anusha narayana

Anusha narayana

CA Inter

2K+

2

552