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Capitalisation of Expenses when recording Asset (AS 10)
Accountancy
answered on 07-Oct-20 12:11
Expense incurred to fix damages to plant when shipped- Can this be capitalised in the books?
latest answer
If it does not add value, no.
Suraj Narayanan
Qualified CA
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1
561
AS answer presentation query
Accountancy
answered on 07-Oct-20 12:13
When the question says, discuss the accounting treatment without specifically asking for journal entries... then we can answer in statement/workings format OR in journal entries... any one will do?
latest answer
It depends on the kind of question. Generally where accounting treatment is asked, you have to explain provisions and conclusion. In some cases, you can add more by way of Journal Entry (working may be needed to compute amount)
Deepak Gupta
CA Inter
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1
583
Redemption of Debentures
Accountancy
answered on 06-Oct-20 17:10
Sir , If Opening DRR is 1,00,000 and the preference shares going to redeem at the year end 2,00,000 . Then only 20,000 to be set apart in DRR know sir , What about remaining 80,000 What would be the treatment ?
latest answer
It is to be debentures and not preference shares. Balance not needed will be transferred to General Reserve.
M Naresh
CA Final
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592
Partnership Introduction
Accountancy
answered on 05-Oct-20 17:52
There is a video explaining the drawings drawn on different dates I didn t understand the logic Sir is saying. But based on before working of sum I understood like this Still I didnt understand how to calculate drawings taken at mid of every month. EXPLAIN like how I did in the image
latest answer
Okay.
Prasanth Kumar
CA Inter
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6
681
Parnership Introduction
Accountancy
answered on 06-Oct-20 18:21
In the 4th video there is a sum regarding division of profit But sir didn't take drawings WHY
latest answer
Thamk you
Prasanth Kumar
CA Inter
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6
598
CRR, SLR, Capital Adequacy Ratio for Nov 2020 exams
Accountancy
answered on 01-Jun-21 09:19
What is the applicable CRR, SLR, Capital Adequacy Ratio for Nov 2020 exams
latest answer
Since Study Material is recently updated and is specifically available for May 21 exams - pls follow that
J J
CA Final
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11
2K+
Avg due date
Accountancy
answered on 05-Oct-20 17:53
In Q2 see third bit No of days before we which anand paid amritha is 9 but it is taken as 11 in material see this
latest answer
Ok sir thanks for your regard
Prasanth Kumar
CA Inter
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4
560
Consolidated Financial Statements (20. Treatment of Bonus - 1)
Accountancy
answered on 07-Oct-20 19:58
The entry on the video screen seems wrong, pls clarify
latest answer
The error has been rectified and uploaded.
Rahul Sharma
CA Inter
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2
597
Redemption of preference shares
Accountancy
answered on 04-Oct-20 12:13
Sir, Can we Use security premium reserve to redeem the preference shares at premium ?
latest answer
Most companies would be covered in exception.
M Naresh
CA Final
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2
592
Average due date
Accountancy
answered on 04-Oct-20 12:41
In the 8th video i.e ADD IN CASE OF LOANS in that sum the average due date 1 1 14 which dass should give loan to kumar and sons but if it is so why will kumar and sons pay interest for previous years because the date of commencement will become 1 1 14
latest answer
Ok sir
Prasanth Kumar
CA Inter
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569