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AS 19 - Sales and Lease back

Accountancy

answered on 30-Nov-20 08:44

Questions are generally asked from if such is an Operating leases, right? I have not seen any Past exam Q with finance sales and lease back

latest answer

There could be a case where there is a sale and finance leaseback.

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

1

737

Preferential creditors

Accountancy

answered on 30-Nov-20 10:25

I had found our while solving questions in liquidation chapter that outstanding wages are entirely preferential creditors but employees' salary due are restricted to amount of Rs 20000 and 4 months, the balance is to be treated as Unsecured creditors. Correct, Sir?

latest answer

Thank you

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

2

1K+

Doubt

Accountancy

answered on 29-Nov-20 21:35

How to treat the adjustment no 3

latest answer

Account for sales for 50%

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

1

772

There are so few sums on CFS in study material

Accountancy

answered on 29-Nov-20 21:35

Does anyone have pdf containing CA inter level CFS questions?

latest answer

Concepts are same. There wont be much variation. Once you are comfortable to compute cost of control and analysis of profits, rest is just adding two balance sheets.

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

1

675

Liquidation of companies

Accountancy

answered on 29-Nov-20 20:55

Icai study material Illustration 5 How to calculate liquidator's remuneration?

latest answer

Tnq

Gomathi K

Gomathi K

CA Final

40K+

2

747

As 4.

Accountancy

answered on 29-Nov-20 20:39

Sir only legal case filed by a client before 31 march, is it a any condition exist or can say require any provision based upon only legal case file

latest answer

Ok ji

DEEP VICKY

DEEP VICKY

CA Final

685

2

654

As 18

Accountancy

answered on 30-Nov-20 08:47

Example Common directorship?

latest answer

two companies are not considered to be related simply because they have a director in common, (unless the director is able to affect the policies of both companies in their mutual dealings) Director is the related party of a company.

Krishna kumar

Krishna kumar

CA Final

9K+

3

650

Doubt

Accountancy

answered on 29-Nov-20 17:55

Sir is it compulsory to open suspense account (like ledger) in this question .

latest answer

Better to open.

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

1

613

Partnership sale to company illustration 6

Accountancy

answered on 29-Nov-20 17:57

Why there is no adjustments for joint life policy and goodwill?

latest answer

Joint life policy is already surrendered. So it will no longer appear in balance sheet. I did not understand your query on goodwill.

vinay ajith

vinay ajith

CA Final

10

1

589

As-20

Accountancy

answered on 29-Nov-20 15:49

In computation of basic EPS (NUMERATOR) Will we deduct transfer to statutory reserves?

latest answer

No.

Bharath sha

Bharath sha

CA Final

37K+

1

707