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Dividend Declaration Limit (FS chapter)
Accountancy
answered on 15-Nov-20 12:52
In dividend declaration limit, under condition 2, it's 10% of paid up capital and free reserves. Question: If there is an existing PL balance, which is not sufficient, then will it also be included while checking condition 2? Is PL surplus a free reserve?
latest answer
Limits is when you have to withraw from free reserves like general reserve.
Deepak Gupta
CA Inter
★ 1K+
2
746
Branch accounts
Accountancy
answered on 15-Nov-20 14:34
What s the entry to record DIRECT PURCHASES MADE BY H.O AND PAID BY H.O ???
latest answer
Thank you sir
Reetikaa R
CA Final
★ 7K+
2
692
Deprication method - an accounting policy, but why not the change?
Accountancy
answered on 13-Nov-20 20:29
"The auditor should obtain a clear understanding of accounting policy adopted by the entity regarding depreciation and amortization" It is clear from the above statement that the method of Depriciation selected by the entity is a part of accounting policy adopted by the entity. My Q is, if entity decides to change its deprication method, how come it change in estimate and not a change in policy?
latest answer
Nicely explained. Thank you
Kumarjit Dey
CA Inter
★ 4K+
2
1K+
AS 2
Accountancy
answered on 13-Nov-20 13:59
If we own a factory, should we include a portion of amount as rent in cost of conversion?
latest answer
And notion costs / notional rents are not allowed to be added to cost of conversion
Prakhash Ram
CMA Inter
★ 0
4
725
request to free videos last date extension
Accountancy
answered on 13-Nov-20 16:02
there is no question just suggestion or request to extent free videos time from 15 november to 18 nov it will help me lot
latest answer
Regret that will not be possible.
Gaurav Rathod
CA Foundation
★ 0
3
758
As-10
Accountancy
answered on 16-Nov-20 10:07
In illustration 7 I understood that if the transaction lacks commercial substance its measured at BOOK VALUE of assets given up. But what makes us deduct the cash recieved was by doubt.
latest answer
Yes.
Kaveesh Sethi
CA Inter
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3
765
Standard
Accountancy
answered on 13-Nov-20 10:53
Sir plse provide separate module fr advance accounting standard to purchase (not individual module)
latest answer
Its not available till exams.
Nivetharaman Raman
CA Foundation
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3
697
Leap Year
Accountancy
answered on 13-Nov-20 09:18
If an year given in the question in Average due date or Account Current is a leap year, eg.2016. Do we need to consider it as leap year even if it is not specified in the question as leap year.
latest answer
Thank you Sir.
ALDRIN G
CA Inter
★ 12K+
5
706
Account Current.
Accountancy
answered on 13-Nov-20 20:47
1) In question, will they ask to do the Answer in a particular method of date calculation, Do we need to learn both methods of date calculation. 2) In backward method of date calculation, we should take the first transaction date or first due date,which one as base date. 3) Can backward method of date calculation be used in Interest method also or only in product method.
latest answer
OK sir
ALDRIN G
CA Inter
★ 12K+
6
693
Doubt
Accountancy
answered on 12-Nov-20 21:22
Sir in this question they have asked for capital account . How capital will come in NPO.? What they are referring to ?
latest answer
Logic is same like that of NPO
Sri kanaga Varshini
CA Final
★ 3K+
6
747