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Amalgamation - inter company holdings

Accountancy

answered on 06-May-20 14:31

Problems of amalgamation on Inter company holdings are excluded right for ipcc ???

latest answer

Problems based on Inter-company debts are included at IPCC level

ajith harigovind

ajith harigovind

CA Inter

0

1

724

Are questions on..

Accountancy

answered on 02-May-20 12:44

On appliability and non-applicability asked in exam? Or is it just for our understanding?

latest answer

If you are asking about applicability of AS to various types of companies / size of companies or industries / date of applicability - May be asked - rare. Usually if there is an amendment, higher chance of being asked.

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

1

496

Cant find the problem in Study Material

Accountancy

answered on 01-May-20 17:21

At the start of video of AS 19, 15 Sir talks about starting a new study material problem. The question is on "Kasapa Limited". But I cant find this anywhere in CA Inter Advanced Accountancy SM. Which SM is Sir talking about ?

latest answer

The problem is relevant to explain the concept and practice. Accounting standard concepts have not changed!

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

3

467

This one mistake in animation ruined my concentration

Accountancy

answered on 01-May-20 17:25

Due to this one mistake, I lost complete focus. This is a grave mistake that I spotted: At around 7:24 of video 13 on the top left corner of the screen its written 6 (Ungauranteed Residual Value). A few minutes ago in that SAME video Sir explained the meaning of the various numbers: 5 for Ungauranteed Residual Value 6 for Gross Investment in lease And yet the animator made such a mistake! I frankly dont know how this has not come to other students' attention before. (video 13 of AS 19 at around 7:24)

latest answer

Thanks for highlighting the error on display. The faculty has mentioned Gross Investment in Lease and students would have understood it. Regret that the error caused a disruption in your concentration. We shall be correcting it shortly.

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

1

494

CA foundation, paper1

Accountancy

answered on 06-May-20 14:49

CA foundation, Principles and practice of accounting, rectification of errors, vedio no. 20 You have state that P&L account transferred to Capital account but in page no. 60 of PDF material that you have provided shows P&L adjustment account transferred to P&L account of the current year

latest answer

Tanq so much for clarification

Eswar Narayan

Eswar Narayan

CA Inter

3K+

4

506

Rectification of error

Accountancy

answered on 30-Apr-20 13:03

A debit Balance bof 2500 in the account of Shyam ,a creditor is included in the list of sundry debtors What entry will be pass ??

latest answer

Sundry debtor ac dr 2500 ...To sundry creditors ac2500 (SHYAM)

Saloni Kumari

Saloni Kumari

CA Inter

180

1

593

Rectification of error

Accountancy

answered on 13-May-20 08:15

I have not clear this all questions in image given below

latest answer

Stock Loss on stock damaged a/c Dr. 50000 Damaged To Purchases A/c 50000 Scrap sale Sale A/c Dr. 20,000 included in Sale To Loss on Stock damagedA/c 20,000 Amount received Building A/c Dr. 25,000 from insurance To Loss on Stock damaged A/c 25,000 for stock loss Loss transferred P&L A/c Dr. 5000 to P&L To Loss on stock damaged A/c 5000

Saloni Kumari

Saloni Kumari

CA Inter

180

7

821

Incomplete question

Accountancy

answered on 04-May-20 13:13

In video 15 (qna part 3) of AS 20, somewhere after 3 minutes, Sir says out loud "NP for CY rs 85.50 lacs" but this portion of text does not appear in the question

latest answer

We regret for the inconvenience caused. Necessary changes are made. Thank you.

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

2

541

Extend time for another 20mins

Accountancy

answered on 29-Apr-20 18:46

In investment chapter completed upto 20 illustration pls give me another 20mins to finish it completely. Pls sir..

latest answer

Regret to inform that we have not yet built such capability to adjust course duration for one specific person. We shall ask tech team to implement that in due course

kamali j

kamali j

CA Inter

330

1

578

Journal Entry

Accountancy

answered on 30-Apr-20 13:47

Introduced cash, goods and furniture into the business.

latest answer

Thank you��

Rahul U S

Rahul U S

CA Foundation

0

4

587

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