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Cash flow statements
Accountancy
answered on 17-Nov-20 19:38
How is tax paid-advance tax (195) calculated?
latest answer
Last year provision is 180 against which 180 is paid in last year. This year provision is 200 against which 195 is paid. If you prepare provision account and advance tax account, you will understand. This method is covered in class.
vinay ajith
CA Final
★ 10
2
529
Amalgamation, conversion, sale
Accountancy
answered on 17-Nov-20 16:42
In Practical question no.1 attached -said that debtors cannot reduce from provision for bad and doubtful debts because it's not a bad debt. But in question 2- from balance sheet debtors deducted provision for doubtful debts and done the sum. Please clarify
latest answer
Ok
seshu Kumar
CA Inter
★ 61K+
2
704
As 2
Accountancy
answered on 17-Nov-20 15:10
How production 10200 kg ? Raw material consumed is 10200 rite. Since production = opening finished goods +sales -closing finished goods , rite. = 1000+10000-1200kg = 9800 kg rite . Therefore shouldn't production be 9800 instead of 10200 kg Please reply
latest answer
OS + Production - CS = Sales.
Swathi Krishna
CA Final
★ 8K+
1
647
AS 2
Accountancy
answered on 19-Nov-20 11:40
In this question 5 of the notes , Shouldn't we multiple by the selling price by units sold ? But why is it multiple by the units produced ? (While allocating joint cost)
latest answer
Thank you sir
Swathi Krishna
CA Final
★ 8K+
6
596
AS-22
Accountancy
answered on 17-Nov-20 07:58
How will the second yr be deferred tax liability it's asset only know sir
latest answer
The amounts shown are cumulative figures - timing diff is + 4 lacs in year 1 and -2 lacs in year 2 = so cumulatively for year 2 the difference i + 2 lacs. Second year it will become an asset if there is opening liability . If opening liability is there it is first adjusted against it
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
1
562
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
566
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
592
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
609
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
596
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
620