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Accounting for branches
Accountancy
answered on 24-Jul-24 05:02
In this question why aren't we crediting receipts from sundry debtors to branch p and l account.
latest answer
Because it forms part of branch stock account which is credited to the branch profit and loss account
Niveta Rajkumar
CA Inter
★ 6K+
1
230
AS 28
Accountancy
answered on 30-Jul-24 14:38
Whatt did we do after the calculation of impairment loss?
latest answer
Depreciation is 1cr and the revised depreciation is 1.7cr. Enhanced depreciation is 1.7 - 1 = 0.7 cr for 1year. For 2 years it is 1.4 cr
Sagar Kathuria
CA Final
★ 3K+
3
200
AS 13 Accounting for investment
Accountancy
answered on 23-Jul-24 11:20
What does the 3400 in the credit side indicate?
latest answer
Thank you very much
Sujitha M
CA Inter
★ 1K+
2
200
As 13 accounting for investment
Accountancy
answered on 22-Jul-24 12:45
Why is the sale of right issue not subscribed deducted from the cost of investment. Shouldn't it be charged to the profit and loss account as an income?
latest answer
Ok sir thank you very much
Sujitha M
CA Inter
★ 1K+
2
230
Narration
Accountancy
answered on 23-Jul-24 09:52
Is there is specific mark for writing narration. If the narration is short which cover complete transaction will they reduce mark for that.
latest answer
Narration writing will increase marks But no narration may decrease the same It totally depends on the invigilator how much marks he will deduct The answer is to write a short narration containing brief description of transaction
Lathika
CA Inter
★ 6K+
3
186
Cma foundation
Accountancy
answered on 23-Jul-24 09:14
What is the answer .
latest answer
Questions must be asked after solving You should share your solution too
Dharshini S
CA Foundation
★ 1K+
2
239
Branch account
Accountancy
answered on 22-Jul-24 12:46
Please help me to solve this question with proper answer with required format.
latest answer
What is your specific doubt
supriya kadam
CA Inter
★ 0
1
174
AS 3
Accountancy
answered on 22-Jul-24 12:48
Why is discount on issue of debentures is an asset to the company?
latest answer
Discount on issue of debentures is a cost that the company has incurred for the debentures issue. The benefit is available over a period of time. So the discount is recorded as a fictitious asset and written off over the debenture tenure.
Niveta Rajkumar
CA Inter
★ 6K+
2
249
AS - 20 - Practice Question - 9 in ICAI material
Accountancy
answered on 22-Jul-24 12:51
Concept of different face value.such shares are converted into equivalent shares. In Q-9 , NATs were issuing 200,000 ES at their full market price of Rs.7.6. Here we need to convert it into equivalent shares. But ICAI solution says, we can directly calculate for 3/12 month. How and Why?
latest answer
There is only 1 face value in the question. Where did you see different face value.?
Akshaya Sridhar
CA Inter
★ 1K+
1
147
AS 16
Accountancy
answered on 17-Jul-24 13:41
Why is the phase 3 & 4 not capitalised - work is not yet completed right?
latest answer
Construction*
Soon to be CA
CA Inter
★ 4K+
5
218