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Bearer plant in as-10
Accountancy
answered on 25-Aug-20 15:27
Let us consider, A plant is held such that the branches of the plant can be cut and sold as agricultural produce. It is grown with an intention to hold for 10yrs so that it will be giving produce through out the life. At the end of the life, the plant can also be cut and sold similarly like branches. Now here in this case can we consider this plant as bearer plant?? Please explain....
latest answer
Thank you Nithish, helped a lot!!!
VIJAYA SARADHI MAGANTI
CA Inter
★ 850
12
632
Consolidation of financial statements
Accountancy
answered on 31-Aug-20 10:29
Shouldn't this be after the date of declaration?
latest answer
K
Swathi Krishna
CA Final
★ 8K+
5
556
As-10, Property,plant and equipment.
Accountancy
answered on 25-Aug-20 15:32
please explain about commercial substance in as-10 And how should an asset should be valued when asset is acquired by exchange
latest answer
What is your specific doubt. Please solve and share the solution. we can share specific explanations where you have an issue. We cannot solve full length problems for you
VIJAYA SARADHI MAGANTI
CA Inter
★ 850
5
2K+
Consolidated financial statement
Accountancy
answered on 22-Aug-20 21:21
In this below question, i cant understand point c. Can u please explain
latest answer
That TRADE RECEIVABLES of 891000=99% I.e.,after deducting 1% as provision for doubtful debts. So the 100% balance will be 900000. Consider this value as to follow uniform accounting principles in light of A Ltd.
Gomathi K
CA Final
★ 40K+
1
551
Banking companies
Accountancy
answered on 24-Aug-20 23:41
Schedule 9 Advances While calculating advances in case government gurantees we considered secured portion But in case of cash credit we considered only unsecured portion Why?
latest answer
In the total advances of 2150, 20% of a certain amount (cash credit) is to be provided for 100% as it is unsecured. 60% of term loan has guarantee and the balance is secured by tangible assets.(This is the balancing figure)
Gomathi K
CA Final
★ 40K+
2
556
As 22
Accountancy
answered on 20-Aug-20 21:09
Explain illustration 6 sum
latest answer
Now i understood that sum sir
K Ashwathy
CA Inter
★ 170
2
622
Topics having highest wattage
Accountancy
answered on 20-Aug-20 20:23
I wanted to know which topics for accountancy have highest wattage in ca foundation . I am appearing for ca foundation in Nov this year and I have only 2 months to prepare .
latest answer
Thank you Gratitude
Parikshit Rathod
CA Foundation
★ 710
2
585
Consolidation
Accountancy
answered on 24-Aug-20 02:55
Sir I haven't understood consolidation chapter in icai module Q/A 2 from Practice questions.. It contains Reserves Adjustments and Endorsement concepts.. I cant get the problem... Pls help me
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Thank you
Ramya kudupudi
CA Inter
★ 2K+
8
519
Consolidated balance sheet
Accountancy
answered on 20-Aug-20 17:41
For calculation of cost of control in CBS it sd b calculated on acquisition date right.. So equity share capital of subsidiary company will also b taken on date of acquisition?
latest answer
Cost of control = Cost of acquisition - Cost of equity(the equity of subsidiary (at the time of acquisition)
Shru Kanda
CA Inter
★ 610
1
540
Net profit
Accountancy
answered on 22-Aug-20 11:52
When we arrive net profit through profit and loss a/c, is that after all charges...Normally net profit is after what deductions? In Indirect method we arrive profit from two years reserve..when we take such profit we add back all expenses and deduct incomes..so does it include provision for taxation, then how..normally how we calculate net profit?
latest answer
Net profit is after tax. Provision for tax is made on profit before tax. Transfers to reserves are from post tax profits
Shalini Shalu
CMA Inter
★ 300
3
545