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From the standpoint of AS 18
Accountancy
answered on 05-Nov-20 10:39
is it always necessary that KMP and their relatives have Significant influence over the reporting entity?
latest answer
Thank you sir
Kumarjit Dey
CA Inter
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2
490
Does Substantial Interest and Significant Influence mean the same?
Accountancy
answered on 05-Nov-20 10:56
Or is Substantial interest only used for 'Control' definition purpose? See attached please to refer what i am talking about
latest answer
Some times substantial interest may not give rise to influence. It depends on Shareholders Agreements.
Kumarjit Dey
CA Inter
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4
1K+
Theory questions
Accountancy
answered on 05-Nov-20 20:04
What are the probable chapters from which theory questions can be asked ?
latest answer
Ok Sir
lohita Prava
CA Final
★ 35
2
520
Discounting of a Provision (AS 29)
Accountancy
answered on 05-Nov-20 10:55
Is there any chance such questions being asked?
latest answer
No.
Kumarjit Dey
CA Inter
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3
554
Preferential creditors Query from Liquidation chapter
Accountancy
answered on 05-Nov-20 22:09
In the solution to this question how come preferential creditor is not Rs 5000 , but 26000 ? Within 12 months supposed to be , right?
latest answer
Ok. Cleared my confusion. Thanks
Kumarjit Dey
CA Inter
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3
677
Investment Accounts
Accountancy
answered on 05-Nov-20 18:16
Kindly see the attached question... Dividend is declared for the year ended 31.03.2014 @ 20% i.e. when Sundar had 25000 shares.. and he will receive dividend on them... But later they say that... dividend for shares acquired on 20.06.14 to be adj. against cost.. QUERY: Company declared dividend only for year ended 31.03.2014, then how can we know the dividend % for shares acquired on 20.06.14. In solution study mat has taken 20% here as well...
latest answer
They have assumed that dividends have not been paid on rights and bonus shares which is not a correct assumption. You can make a suitable note in the answers.
Deepak Gupta
CA Inter
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4
550
Doubt
Accountancy
answered on 05-Nov-20 18:12
Please explain point E on this question. The answer to that is True ..how??
latest answer
Ok sir thank you so much
Sri kanaga Varshini
CA Final
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2
512
Consignment
Accountancy
answered on 04-Nov-20 17:34
In consignment account, goods sent on consignment should be calculated on selling price of cost price??
latest answer
Invoice price or cost price. Depends on the question.
Pooja .
CA Final
★ 210
1
514
How did institute get this figure '7333' ?
Accountancy
answered on 04-Nov-20 23:22
Pg 2.62 , Q4. See attached please
latest answer
Clear thank you sir
Kumarjit Dey
CA Inter
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2
536
Query related to Joint Life Policy (partnership firm, dissolution)
Accountancy
answered on 04-Nov-20 17:11
How to treat â?¢ JLP Reserve (which appears on Liability side) â?¢ JLP (asset side) â?¢ JLP "surrendered" given in additional info Through Realisation and/or Partner's Capital Accounts? See attached for Q.
latest answer
Two approaches. 1. Transfer both reserve and policy to realisation and give credit to the amoutn collected/received from the policy. 2. Transfer reserve to partners capital account directly. Transfer JLP to realisation and give credit for amount received.
Kumarjit Dey
CA Inter
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1
1K+