Forums
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
CA Inter
★ 4K+
6
618
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
CA Final
★ 30
1
575
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
CA Inter
★ 3K+
1
542
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
CA Inter
★ 3K+
1
555
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
CA Final
★ 5
1
623
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
CA Final
★ 0
1
575
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
CA Inter
★ 2K+
2
653
As 29
Accountancy
answered on 30-Nov-20 20:26
What do u mean by the sentence Possibilty of outflow of resorces embodying economics benefits is REMOTE
latest answer
Thank you all
Sajan Gangadharan
CA Final
★ 9K+
3
688
Doubt
Accountancy
answered on 30-Nov-20 18:22
Sir have a small doubt in ill7 sir when I am using sacrificing ratio I am getting C as gaining and A as sacrificing but when I used gaining ration formulae I am getting A as gaining and C as sacrificing Sir which formulae should be used for the illustration and how to know which one should be used in which case (sacrificing ratio or gaining ratio) for every problem
latest answer
Yes now concept was clear
sai t
CA Foundation
★ 2K+
13
626
Buyback
Accountancy
answered on 30-Nov-20 19:01
CRR AND buy back is 150 Equity eligible 600 Equity available 750 How to find out crr and buy back amount
latest answer
Where's your book? Open it. I told you page number also.
Krishna kumar
CA Final
★ 9K+
5
662