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AS 16
Accountancy
answered on 18-Oct-20 14:15
Whether cost for design is capitalised
latest answer
The borrowing cost being incurred during when the activities are in progress is capitalised. Activities may be physical construction / Technical nd admin. work prior to physical construction. Condition: Expenditure on qualifying asset being incurred.
Thupalli Ramya
CA Final
★ 15K+
4
845
Applying debit and credit
Accountancy
answered on 18-Oct-20 07:52
Debit and credit rules and identity account are affecting and confusion of modern and traditional rule of applying debit and credit
latest answer
Final impact would be same. Assets / Expenses - Increase - Dr. Liabilities/Income - Increase - Cr
Ganesha P
CBSE XII
★ 0
1
719
Profit and loss account
Accountancy
answered on 21-Oct-20 23:25
Why payment to creditors , receipt from debtors and drawings are not shown in profit and loss account..
latest answer
Ok sir
Sri Varshini
CA Inter
★ 575
4
805
Debit credit
Accountancy
answered on 17-Oct-20 08:14
Why the balance sheet should be tally?
latest answer
in double entry, each item has two way impact. So total of debit and credit should be equal.
Dipti Pethe
CA Foundation
★ 800
1
646
rtp may 2020
Accountancy
answered on 17-Oct-20 11:41
how to treat this adjustment in the cash flow statements?
latest answer
Extra ordinary item hai ye
Swathi Krishna
CA Final
★ 8K+
4
807
Managerial remuneration of profit u/sec 198
Accountancy
answered on 16-Oct-20 10:33
Sir calculating net profit for managerial remuneration we are deducting capital profits from GP Can we add credit of profit to the extent of (Orginal cost - WDV) when we sale the Fixed assets at More than cost.. Can we add that amt of profit sir to Gross profit while calculating Netprofit under sec 198..
latest answer
To the extent of profit which is equal to cost - nbv, it is allowed.
M Naresh
CA Final
★ 3K+
1
718
Recurring and non recurring
Accountancy
answered on 15-Oct-20 10:49
How to identify which one is recurring and which one is non recurring item according to consignment what is difference between recurring and non recurring
latest answer
Tq sir
G.c.hemalatha Reddy
CA Foundation
★ 150
2
742
rtp nov20- advanced accounting
Accountancy
answered on 14-Oct-20 22:36
in question no.1 of the rtp , why do we need to take into the consideration of adil's loan with insurer. It is not an agreement with firm. so taking that into consideration, we should only take 10200 rite. please reply .
latest answer
thank you sir
Swathi Krishna
CA Final
★ 8K+
4
738
Didn't get Ans.
Accountancy
answered on 15-Oct-20 19:58
Final accounts of Non-Manufacturing Entities. Practical question 1.
latest answer
Thank You Sir, I found out the mistake. The value of "intrest received" given in the question is wrong, I think so. It's given correctly in the Answer.
ALDRIN G
CA Inter
★ 12K+
2
717
What is provision for Depreciation?
Accountancy
answered on 14-Oct-20 17:58
1)What is Provision for Depreciation? 2)Why do we credit both provision for Depreciation and depreciation to the Asset ac. 3)What type of account is provision for Depreciation?
latest answer
Thank You Sir.
ALDRIN G
CA Inter
★ 12K+
2
1K+