Forums
The Infamous Lucky Ltd sum
Accountancy
answered on 27-Nov-20 18:03
Sir, shouldn't the "Compensation expense of the year" be divided by 3, instead of 2, Because its being vested over period of 3 years?
latest answer
Oh ok. Conditional vesting. I will keep that in mind :
Kumarjit Dey
CA Inter
★ 4K+
4
524
Why is profit on cancellation of debentures
Accountancy
answered on 26-Nov-20 19:07
Transferred to Capital Reserve account instead of profit and loss account? Please see attached.
latest answer
Okay.
Kumarjit Dey
CA Inter
★ 4K+
2
587
Buy Back Query
Accountancy
answered on 27-Nov-20 16:46
What will be the amount of Total Loan Funds for the purpose of Debt Equity Ratio Test? My answer is 4525000. Author has done mistake in solution. Can you please confirm?
latest answer
Your confirmation is what I was looking for. Thank you
Kumarjit Dey
CA Inter
★ 4K+
2
641
AS 4 provision
Accountancy
answered on 26-Nov-20 17:14
if debtor may be insolvent becouse of any panding legal case lodged on him, if this condition before balance sheet if exist, but management does not knew about his insolvency and accounts of books have been finalised before taking as4 provision , is it prior period items in which magt knows
latest answer
Ok friend
DEEP VICKY
CA Final
★ 685
4
607
Basic Query on ESOP
Accountancy
answered on 26-Nov-20 19:07
I want you to kindly have a look at the very last line of the 1st pic. It says "No Entry is passed when stock options are granted to employees" Now, in the 2nd pic you can see the same author has passed entry in 1st April (date of grant). I am confused. Please help me understand this.
latest answer
Ok thank you
Kumarjit Dey
CA Inter
★ 4K+
5
583
Systemically vs Non Sytemically applicable %
Accountancy
answered on 27-Nov-20 15:57
For standard asset is .40% and .25% respectively And rest others are same for both: 10% for SS 20% for Df upto 1 yr 30% for Df 1 to 3 yrs 50% for Df above 3 yrs Correct?
latest answer
Yes.
Kumarjit Dey
CA Inter
★ 4K+
2
603
Doubt
Accountancy
answered on 25-Nov-20 22:13
What's the treatment of 6th adjustment ? Qus.no 5(b)
latest answer
Hey Swetha what are the two effects of purchase return and sales return here??
Swetha S
CA Inter
★ 15K+
4
636
Bills of exchange
Accountancy
answered on 25-Nov-20 11:18
James owes Don Rs.3200;he send Dons own acceptance in favour of Ralph for Rs.3160;in full settlement. How to understand this and what would be the journal entry in the books of Don?
latest answer
Welcome brother
S.P. RAYAN
CA Inter
★ 3K+
3
2K+
Death of partner
Accountancy
answered on 24-Nov-20 11:34
If profit sharing ratio is not mentioned what should we do?
latest answer
Ohh thank you for the reply
Sampath B
CA Final
★ 21K+
2
517
Do we HAVE to write note numbers in this sequence in Consol P&L?
Accountancy
answered on 24-Nov-20 06:14
I mean 1, then 3, then 2. like that?
latest answer
You can have your own note number. Depreciation expense is fine.
Kumarjit Dey
CA Inter
★ 4K+
3
592