Cash flow statements

answered on 16-Apr-25 13:59

This comes under which activity?

latest answer

Yes

meghana karnakanti

CA Inter

★ 21K+

4

53

Cash flow statement

answered on 14-Apr-25 06:10

How did they arrive at the balance of Plant and machinery with Rs. 7,60,000 and Rs. 840000 (especially how did they get Rs. 200000 and 320000 added along with balancing figures??

latest answer

Plant and Machinery Opening balance as on 01.04.20X0 = 6,40,000 Add: provision for depreciation = 2,00,000 Total. = 8,40,000 Closing balance as on 31.03.20X1. = 4,40,000 Add: provision for depreciation. = 3,20,000 Total. = 7,60,000

Aswathy Omanakuttan

CA Inter

★ 0

1

55

Discount

answered on 16-Apr-25 14:03

Sold 1000rs goods in 2024 got discount rs100 but discount was received by the customer in 2025 Like outstanding expense this wont be treated the same way ?

latest answer

Pls share the actual question.

Sushmita Chowdhury

CA Inter

★ 2K+

2

49

Cash flow statement doubt

answered on 11-Apr-25 19:53

Why is net profit assumed as profit after tax? Can we assume it the other way or is this only possible. Assumption

latest answer

Net profit as a standard convention refers to after tax unless its mentioned before tax.

Aswathy Omanakuttan

CA Inter

★ 0

2

53

Regarding matching concept

answered on 11-Apr-25 10:19

Sir if we buy a house in an accounting period and sell it in another accounting period how is this concept relevant?

latest answer

The matching concept is to match income and expenses/cost. When we buy a home in first year - we show it as an asset and not as expense. When we sell home in second year the sale value - cost price is recorded in P&L as gain. same way when we buy goods for sale - the unsold portion is shown as closing stock. and not as an expense. When we sell those goods, it gets expensed.

Samyuktha Prem

CA Foundation

★ 3K+

1

57

Consolidated Financial Statements

answered on 10-Apr-25 16:41

Sir what if the subsidiary company's opening balance shows debit balance (loss), what to do in this situation sir? can we distribute this loss to holding and minority interest in pre-acquisition ? can this happen sir? sir i send one question in which opening balance of p&l has loss occured.

latest answer

The opening negative balance is used to compute goodwill or capital reserve.

39 - Sri Sankar G

CA Inter

★ 0

1

51

Financial statements of co

answered on 10-Apr-25 16:43

Why they didnt take food stuff in this adjustment of changes in inventories (illustration 4 of icai module).

latest answer

Even if you take in change of inventory final answer would be the same.

meghana karnakanti

CA Inter

★ 21K+

2

57

Joint and By Products

answered on 15-Apr-25 10:29

Sir here the processing cost is not given in the qtn.. is it printing mistake or is there any assumption for that..? 2nd query In the conversion cost of Bomex the per unit cost is solved as 350000/125000 = 2.8 but in the question it is only 12500 units Is this also a printing mistake?

latest answer

Notes is rectified.

susan kavumkal

CA Inter

★ 560

2

80

As11

answered on 09-Apr-25 12:25

Can a new company follow para 46 or para 46A ? Or can an existing company who followed this before can continue following ?

latest answer

Pls elaborate your query with dates.

Sushmita Chowdhury

CA Inter

★ 2K+

1

67

Financial statement PY question

answered on 09-Apr-25 09:15

Can you guyz please explain how credit sales ans total sales can be calculated from the given details 🤍

latest answer

Credit sales balance is for 1.5 months = 1,50,000. The total credit sales for 12 months will be = 1,50,000 / 1.5 X 12 = 12,00,000 Total sales = 12,00,000 + 20% cash sales = 12,00,000/80% X 100% = 15,00,000

Aswathy Omanakuttan

CA Inter

★ 0

1

43