Forums
Employee stock options plan
Accountancy
answered on 28-Oct-20 13:00
Sir is there any entry for stock options lapsed within the vested period
latest answer
You can do when lapsed or towards the end.
subramanyam yendakuarthi
CMA Final
★ 4K+
1
738
Good will
Accountancy
answered on 28-Oct-20 13:04
Sir here why interest on capital is not deducted for 3 years .also salary is deducted from avg.profit only for 1 year But that avg. Profit is for 3 years . So we should also reduce interest and remuneration for 3 years right ??
latest answer
Ok sir
Sri kanaga Varshini
CA Final
★ 3K+
2
816
Sacrificing ratio or profit sharing ratio.
Accountancy
answered on 30-Oct-20 13:31
1)How do we know we need to use sacrificing ratio or profit sharing ratio for sharing Goodwill. 2)In some questions sacrificing ratio is used and in some questions profit sharing ratio is used for sharing Goodwill.
latest answer
Thank You Sir.
ALDRIN G
CA Inter
★ 12K+
2
924
Incomplete records
Accountancy
answered on 27-Oct-20 17:51
In this illustration 8 of the institute's textbook, how is the balance of the bills receivable ac become bills dishonoured, what is the logic behind it ?
latest answer
Thax
Swathi Krishna
CA Final
★ 8K+
5
676
Buy back
Accountancy
answered on 27-Oct-20 17:22
In buy back videos sir told crr is created to compensate the liability holders but when crr is used for issuing fully paid up bonus shares then the amount gets converted into share capital then what is benifit for liability holders
latest answer
If the amount is kept in free reserves, company may pay dividend. If it is capital, it is difficult to return it back to the owners.
Enuguru Sai Nithin
CA Final
★ 78K+
1
734
Partnership account
Accountancy
answered on 29-Oct-20 10:08
Sir I couldn't understand why â?¹10000 is deducted from net profit before giving it to ram and rahim. Pls explain
latest answer
1,10,000 is before distribution of profits. Out of this new partner would get 11,000. In this 1,000 is only to be borne by Ram. Total profit 1,10,000 Less: Share of new partner 10,000 Balance 1,00,000
Sri kanaga Varshini
CA Final
★ 3K+
8
908
Partnership
Accountancy
answered on 27-Oct-20 17:53
Fixed deposit
latest answer
Thank you sir
Bharathi K
CA Inter
★ 14K+
6
840
Doubt.
Accountancy
answered on 26-Oct-20 18:06
When goods are sold on sale or return basis and that goods are returned by customer why don't we pass journal entry for taking the returned goods into closing stock?. Pls give clarity .
latest answer
Sir But we didn't pass this journal entry when goods are returned . Sales return A/c Dr . To trade receivables A/c Dr. This journal entry alone is passed . Still I misunderstood something sir pls give clarity
Sri kanaga Varshini
CA Final
★ 3K+
2
740
Sale or return basis
Accountancy
answered on 26-Oct-20 18:02
Sir in this question why do we take into account the excess amount by which our customer sells good is taken into consideration. Why he (our customer) reveal that to us .
latest answer
Ok sir
Sri kanaga Varshini
CA Final
★ 3K+
2
761
Not able to understand certain points in solution
Accountancy
answered on 25-Oct-20 12:30
I am attaching question as well as solutions Following are the points I need to understand from you 1.in 2005 in plant purchased we wrote difference of 50,000 and then charged 10 percent dep And in 2006 what was the point of separating 240k and 460k 2.do we always write full value in depreciation provison account like in to disposal account we wrote the cost 3.in sale or disposal account how did we get loss of 4000 4.i need journal entries of all the transaction to understand more clearly Pls give solution as soon as possible
latest answer
1. For plant purchase in 2005 - depreciation of 50K was charged ie half year dep - nothing else was done. It is diff between Cost and accumulated depreciation so far - it is fully depreciated by this year 2. We are separating 7 lacs into 240 k & 460K because there is a sale of assets worth 240K. For assets of 2004 / 2005 the P&M is fully depreciated and hence we need not separate them. 3. Yes Depreciation & provision for Dep are always maintained 4. 4K loss computation . on 2004 assets fully depreciated so no loss on scrapping. 2005 asset fully depreciated and hence 5k is fully profit. 2006 asset 90% depreciated so book value is 24K less: amount realised is 15K i.e loss of 9K. total loss i.e 9K loss + 5K profit
Nilesh Malviya
CA Inter
★ 655
1
756