Forums
AS_22
Accountancy
answered on 17-Nov-20 07:58
How will the timing difference become nil while there is 2 lakhs difference
latest answer
It is adjusted against opening
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
1
491
Doubt
Accountancy
answered on 16-Nov-20 18:55
Sir is annuity table and log table provided in exam sir??
latest answer
You can carry printout.
sai t
CA Foundation
★ 2K+
3
533
Is there chances of such "advanced" sum being asked from CFS come in exam?
Accountancy
answered on 16-Nov-20 11:51
question in attachment
latest answer
No.
Kumarjit Dey
CA Inter
★ 4K+
1
542
AS-16
Accountancy
answered on 16-Nov-20 10:07
One small doubt regarding AS-16 in Q&A part 1 Q2 4lakhs of loan was completely spend for 1st expenditure itself then why for may 19 question we are using proportionately can't we use it for 1st expenditure itself
latest answer
You can do that. You will get the same answer.
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
1
494
Last question in income from profit
Accountancy
answered on 16-Nov-20 10:12
While calculating previous year turnover.. we should consider previous year sales only...without any adjustments for current year.. but icai did adjusted for current year..why icai qu no. 12
latest answer
There is a specific adjustment where insurer and insured have agreed.
Ganesh kumar
CA Inter
★ 130
1
541
Banking Company
Accountancy
answered on 15-Nov-20 16:33
Is mandatory to transfer 25% of prodit to stat reserve even if not mentioned in question? Because one of the RTP sums seems to have done even Question has not mentioned.
latest answer
Sir had already answered. Your answer is also welcome, but no point answering after Sir has. Thank you, nevertheless.
Kumarjit Dey
CA Inter
★ 4K+
3
500
AS 7 Query (Escalation Clause)
Accountancy
answered on 15-Nov-20 10:50
Why isn't the further estimated cost also to be increased by 5% in this question? I.e. from 6 cr to 6.3 cr
latest answer
Yes
Kumarjit Dey
CA Inter
★ 4K+
3
746
Dividend Declaration Limit (FS chapter)
Accountancy
answered on 15-Nov-20 12:52
In dividend declaration limit, under condition 2, it's 10% of paid up capital and free reserves. Question: If there is an existing PL balance, which is not sufficient, then will it also be included while checking condition 2? Is PL surplus a free reserve?
latest answer
Limits is when you have to withraw from free reserves like general reserve.
Deepak Gupta
CA Inter
★ 1K+
2
472
Branch accounts
Accountancy
answered on 15-Nov-20 14:34
What s the entry to record DIRECT PURCHASES MADE BY H.O AND PAID BY H.O ???
latest answer
Thank you sir
Reetikaa R
CA Final
★ 7K+
2
539
Deprication method - an accounting policy, but why not the change?
Accountancy
answered on 13-Nov-20 20:29
"The auditor should obtain a clear understanding of accounting policy adopted by the entity regarding depreciation and amortization" It is clear from the above statement that the method of Depriciation selected by the entity is a part of accounting policy adopted by the entity. My Q is, if entity decides to change its deprication method, how come it change in estimate and not a change in policy?
latest answer
Nicely explained. Thank you
Kumarjit Dey
CA Inter
★ 4K+
2
810