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Sir this mobile battery issues I want switch this device classes to other mobile what is the process
Accountancy
answered on 05-Aug-24 11:04
Sir this mobile battery issues I want switch this device classes to other mobile what is the process
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We received your mail, Your Issue is resolved.
R G
CA Inter
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1
80
AS13
Accountancy
answered on 05-Aug-24 12:13
Why is exchange loss transferred to foreign exchange difference account and not P&L?
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The exchange difference are not recognized in P&L a/c because the change in exchange rates have little or no direct effect on present & future cash flows from operations
Sagar Kathuria
CA Final
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152
Balance sheet
Accountancy
answered on 05-Aug-24 12:54
At what value assets are normally shown in balance sheet historical cost/revalued cost? If an asset is shown in historical cost later can it be shown in revalued amounts in the balance sheet or should continue to be shown as historical cost only.? if shown at revalued cost what is the accounting treatment?
latest answer
Assets are typically shown in the balance sheet at their historical cost, which is the original purchase price or cost incurred to acquire the asset. Assets can be shown at revalued amounts following the principles of AS-10. ONce you complete AS-10, you will understand this. Brief explanation is given below. When an asset is shown at its revalued amount, the following accounting treatment is applied: Revaluation Increase: If the revaluation increases the asset's carrying amount, the increase is credited to Revaluation Surplus unless it reverses a previous revaluation decrease recognized in profit or loss. If it reverses a revaluation decrease recognized previously in profit or loss, the increase is recognized in profit or loss to the extent of that decrease. Revaluation Decrease: If the revaluation decreases the asset's carrying amount, the decrease is recognized in profit or loss, unless it reverses a previous revaluation surplus . If it reverses a revaluation surplus, the decrease is debited to revaluation surplus, reducing the revaluation surplus to the extent of any credit balance existing in the revaluation surplus for that asset.
Niveta Rajkumar
CA Inter
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2
195
AS 3
Accountancy
answered on 05-Aug-24 12:15
Why have we deducted interest paid and added interest received since we are following direct method?
latest answer
Follow indirect method
Sagar Kathuria
CA Final
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1
145
AS 13
Accountancy
answered on 05-Aug-24 12:55
Why did we deduct interest? I solved it with the assumption of ex-interest since no specific details are provided. Correct me if I am wrong.
latest answer
The question needs improvisation, will update. Thanks for highlighting.
Sagar Kathuria
CA Final
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4
167
Doubt
Accountancy
answered on 06-Aug-24 15:48
In this sum cost of materials consumed is not calculated why?
latest answer
I cant see raw material in question.
Lucky Ten
CA Inter
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1
151
Notes
Accountancy
answered on 05-Aug-24 12:19
Pls update this part....... In the notes
latest answer
Thanks for highlighting. We will update that part
Deborah Susaiyappan
CA Inter
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193
AS 2
Accountancy
answered on 01-Aug-24 13:43
Why is the figure rounded off to 104000 and not 103000?
latest answer
Its an error, we will update.
Sagar Kathuria
CA Final
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1
177
Internal reconstruction
Accountancy
answered on 01-Aug-24 12:28
Normally shares are shown at face value in Balance sheet and the paid up amt shown in notes to accounts.But why shares are shown at paid up value in face of balance sheet in working note 1??
latest answer
Paid up value is shown on face of balance sheet.
Niveta Rajkumar
CA Inter
★ 6K+
1
167
as 16
Accountancy
answered on 31-Jul-24 22:46
can anyone explain please how's the ans is 5000
latest answer
thank you sir
Vidyakrishna vidyakrishna
CA Inter
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2
196