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Accountancy

answered on 02-Dec-20 07:47

Sir is it necessary to take 28 days in February if question is silent about it .? What if it is leap year

latest answer

You can take 29 days with an assumption.

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

1

724

Consignment

Accountancy

answered on 01-Dec-20 09:22

Why reduction of 10% in cost due to fall in market price is calculated on(20000+1100) and not on(30000+1100) ? What does 20000 specify in this answer?? Has attached question and solution below

latest answer

Valuation done at Invoice Price.

Pooja .

Pooja .

CA Final

210

1

815

Final a/c

Accountancy

answered on 01-Dec-20 18:50

What will the effect of these adjustments on trading nd p&l a/c and balance sheet

latest answer

Yes

aishwariya  P

aishwariya P

CA Inter

180

9

682

Banking companies

Accountancy

answered on 01-Dec-20 09:39

What % is to be used for CRR and SLR?

latest answer

CRR 3% SLR 18%

Gomathi K

Gomathi K

CA Final

40K+

1

645

AS 19

Accountancy

answered on 01-Dec-20 09:57

3rd one is it operating lease or finance ??

latest answer

Operating.

Mudassar Mahmood

Mudassar Mahmood

CA Inter

3K+

1

712

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

Kumarjit Dey

CA Inter

4K+

6

745

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

Varshini Pandiarajan

CA Final

30

1

644

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

Mudassar Mahmood

CA Inter

3K+

1

627

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

Amal Antony

CA Inter

3K+

1

613

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

Darshini Pandiarajan

CA Final

5

1

733