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Exam doubt
Accountancy
answered on 27-Jul-20 18:44
Consignment or NPO which one is easier??
latest answer
Both are easy, if you understand the concept
Pooja .
CA Final
★ 210
2
807
Depreciation
Accountancy
answered on 27-Jul-20 09:15
Is Retrospective effect is in syllabus for CA foundation Nov. 2020?
latest answer
No, restrospective effect in the syllabus
atharva sanap
CA Inter
★ 4K+
2
780
Amalgamation of Partnership- Illustration 3
Accountancy
answered on 29-Jul-20 13:43
In Illustration 3 of Amalgamation of Partnership Chapter (Question pertains to Acquisition of Business by Shri Raman and is Illustration 2 in Pg 2.71 of Module 1 of ICAI Material: Advanced Accounting), the answer to business purchase differs with what is given in ICAI Material. May I please seek clarification about the same?
latest answer
Thanks a lot ma'am for the clarification
Suraj Narayanan
Qualified CA
★ 7K+
3
1K+
Doubt
Accountancy
answered on 26-Jul-20 07:11
Sir, Does gross profit and gross income is same? Does net profit and net income is same? If not please explain me the difference....
latest answer
Gross Income and Gross profit ( in context of a business entity) are same and so are Net Income and Net profit. There is no differentiation between Manufacturing or service sectors
Sakthi Praveen
CA Inter
★ 2K+
2
806
Commerce
Accountancy
answered on 25-Sep-22 09:56
Commerce
latest answer
If your question is what is commerce? Then -commerce refers to all those activities which help directly or indirectly by the distribution of goods and services ....It is a trade i.e buying and selling of goods and auxiliary to trade i.e ,communication, transportation advertising etc.. It is an art as well as science .
Priyanka Kumari
CBSE XI
★ 0
2
824
Financial statements
Accountancy
answered on 23-Jul-20 21:05
In profit and loss account format under the heading expense there is change in inventory in that why we subtract opening to closing ?? Why we cannot do closing to opening.
latest answer
Hello
Akshay jerry
CA Inter
★ 10
2
701
AS-26(goodwill) application in amalgamation, conversion and sale of partnership firms.
Accountancy
answered on 23-Jul-20 11:24
As per AS-26,only purchased goodwill can be shown in books, but in problems related to conversion/sale of partnership firms to company in study material they are providing purchase consideration for goodwill also.
latest answer
AS-26 does not apply to goodwill arising on an amalgamation and goodwill arising on consolidation
Deagle -oM
CA Final
★ 0
4
810
Esop
Accountancy
answered on 21-Jul-20 11:38
I no solve this problem.plse solve this problem
latest answer
Please solve the problem and ask for any specific doubt you have
bhuvaneswari sundaram
CA Inter
★ 330
1
745
Query
Accountancy
answered on 21-Jul-20 07:39
Sir is it okay to start Advance Accounting before completing Accounting Standards?
latest answer
Yes it is ok. But do read AS 14 & 21 before you start solving problems on Amalgamation & consolidation
Prateek Khandelwal
CA Inter
★ 0
1
757
Rectification
Accountancy
answered on 20-Jul-20 19:42
What is capitalization of asset mean
latest answer
Capitalisation of assets means to record expenses incurred for assets in the balance sheet as an asset and not charge it as an expenses in profit and loss account. Generally expenses which are incurred at a time of installation of asset or upto the assets are first ready to use are capitalised.
Prasanth Kumar
CA Inter
★ 13K+
1
859