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Inventory chapter 4
Accountancy
answered on 28-Jun-20 17:57
Sir in case the purchase is made in the current year for eg march 2019 and the good are recieved on next year , Now Whether the inventory for the year ended 2019 will include that purchased inventory or not? And one more doubt ie is there a difference between physical inventory and closing stock? If yes then what it is?
latest answer
Ok thank u mam
Abhishek Purohit
CA Inter
★ 10K+
9
550
Joint life policy
Accountancy
answered on 26-Jun-20 13:21
When partner died after claiming a insurance he is still liable then what there do and what will effect in balance sheet
latest answer
When a partner dies, the amount received from the insurance company will be credited to the Joint Life Policy Account, the balance on this account is then transferred to the capital accounts of partners (including the deceased partner) in the profit- sharing ratio.
Jashwanth S
CMA Inter
★ 2K+
1
543
Account current
Accountancy
answered on 26-Jun-20 09:48
On attachment the number of days calculated on 01.07.16 is 184 how????
latest answer
Thank u
Gowshika LT
CA Final
★ 40K+
2
517
Esop accounts
Accountancy
answered on 27-Jun-20 13:53
In this question please tell the use of fair value and market value. This is nov 19 question.
latest answer
Thanks
Amit Verma
CA Final
★ 510
8
556
Extension
Accountancy
answered on 25-Jun-20 11:02
I'm confused which option to be selected. Please clarify in this regard after viewing the attachment. How much amount is to be paid to extend untill November?
latest answer
Thank you for the prompt reply. Also I request indigolearn to launch many affordable modules with regard to soft skills for students and professionals. I like learning at indigolearn.
kajjam sai ram
CA Inter
★ 5
2
530
Goodwill valuation
Accountancy
answered on 26-Jun-20 09:41
If didn't bring goodwill just he bring capitals then how to valuate goodwill
latest answer
Yes
Jashwanth S
CMA Inter
★ 2K+
6
573
Amalgamation - Realisation Ac
Accountancy
answered on 24-Jun-20 19:17
In all the illustrations we have transferred liabilities to Realisation ac and reserves to equity shareholders ac. But incase of mergers even the reserves are taken over by purchasing company! So can we take the reserves to Realisation A/c itself? And by that approach I guess we can arrive at how much profits had equity shareholders made actually! Is this approach right?
latest answer
Reserves can never be taken into realisation account, be it in the nature of merger or purchase
Saran Vadivel
CA Inter
★ 2K+
3
795
Leap year
Accountancy
answered on 24-Jun-20 09:16
If the examination question is silent about the assumption of leap year and if years like 2016,2020(leap years) appears in the question should we calculate average due date considering leap day or not . Please clarify.
latest answer
If specific year is given like 2016 then consider it as leap year. But if it is not specifically mention as to which year, assume its not leap year. If any assumption is made, please specify the assumption clearly
lithish kumar
CA Final
★ 3K+
1
538
Retirement of a parter
Accountancy
answered on 29-Jun-20 19:02
How capital ratio(after all adjustment) 5:3:4??how come they calculated m capital?
latest answer
Thank you...
Aravindh Kumar
CA Inter
★ 4K+
4
555
AS 11 MCA
Accountancy
answered on 24-Jun-20 15:54
For liability designated as long term foreign currency monetary item can we have to transfer the exchange difference to FCMIT ?
latest answer
If it relates to the acquisition of a depreciable capital asset,then the exchange difference can be added to or deducted from the cost of the asset and shall be depreciated over the balance life of the asset, and in all other cases, it can be accumulated in a â??Foreign Currency Monetary Item Translation Difference Accountâ??
Alan Geevarghese
CA Inter
★ 0
1
582