Forums
ESOP
Accountancy
answered on 07-May-20 18:22
How is the employee compensation expense amortised in year 1,2,3 in this sum ?? How to find that fraction ??
latest answer
Thank you so much
anamika vardhan
CA Inter
★ 1K+
2
773
Amalgamation of companies
Accountancy
answered on 07-May-20 14:01
What is the treatment of fictitious assets in respect of incorporation journal entry in case of amalgamation in nature of Purchase
latest answer
Thanks bro
Hariom Mishra
CA Foundation
★ 730
4
920
Redemption of Preference Shares
Accountancy
answered on 06-May-20 13:38
In illustration 4. the number of shares to be issued you have considered face value and also securities premium i.e 37500/60 but we should only consider the face value right for the number of shares to be issued? Is my understanding correct? because in illustration-2 you have considered only the face value.
latest answer
Okay..Thank you sir
sai krishna teja
CA Inter
★ 940
4
717
Provision for bad and doubtful debts and provision for discount on debtors
Accountancy
answered on 08-May-20 18:07
Please clarify the doubt on Provision for bad and doubtful debts and provision for discount on debtors/creditors ....with the ledger posting
latest answer
Hooo....tq
Balaji R
CA Inter
★ 6K+
6
1K+
Another doubt/problem relating to AS 4
Accountancy
answered on 06-May-20 08:22
If there has been a cash embezzlement of Rs. 2 Lacs on 28 February and the management came to know about it on 30th April and the date of approval of FS is 31st May, as per AS 4, is such embezzlement an adjusting event or not? If it is an adjusting event, what is the "condition" exisitng on the Balance date for which is it being treated as adjusting event? Is this the condition?: Management's expectation of cash embezzlement.
latest answer
Embezzlement of â?¹ 2,00,000 detected by BOD on 30 th April before the approval of FS .It is an adjusting event. For adjusting events - A condition should exist on b/s date - additional evidence to confirm such condition - such additional evidence should be MATERIAL Detection of embezzlement on 30 th April is additional evidence for such condition on B/S date and it is material. Hope you understand and sorry for keep you waiting on this
Kumarjit Dey
CA Inter
★ 4K+
3
749
Please answer this AS 4 related question for me.
Accountancy
answered on 05-May-20 18:54
If an entity identifies a general expense - say Rs 4000 paid to an electrician (which was omitted by mistake and which relates to previous FY) between BS date and date on which BoD approves FS, how should the entity provide for it/what should be the accounting treatment?
latest answer
Problem solved. Thank you.
Kumarjit Dey
CA Inter
★ 4K+
2
684
Rectification of errors
Accountancy
answered on 06-May-20 14:18
If we don't transfer sales returns book total to trial balance as sales returns total, how did the trial balance be effected by undercast Or overcast of subsidiary book (sale returns book) Plz answer me anyone
latest answer
Tanq and I found it
Eswar Narayan
CA Inter
★ 3K+
2
798
Inventory
Accountancy
answered on 11-May-20 08:06
While we doing value of 31.3.2017 but at the time of 31.3.2016 60000was written off on original purchases of 200000and it sold 160000 what we have to do it sir
latest answer
Thank you
Jashwanth S
CMA Inter
★ 2K+
4
742
Inventory
Accountancy
answered on 05-May-20 09:16
Sir in inventory if we purchase in March but we received on April before counting what we do that sir in trading account. if we receive goods after calculating inventory what to do.
latest answer
When a purchase happens you would increase the purchases and if not sold it would be shown as closing stock. Once you have recorded a purchase and accounted for it and because it is not sold you will include it in closing stock. If the stock is not yet received, it will be accounted as stock in transit.
Jashwanth S
CMA Inter
★ 2K+
4
763
Need Chapter wise lectures
Accountancy
answered on 05-May-20 06:11
Hello sir, provide us chapter-wise lectures for cost if u can,so that students will purchase who r in need For me i need full class lecture of Redemption Of Debentures in Advanced accounting (old ca ipcc) Kindly think over it and Reply ASAP ð???ð???
latest answer
Will update you as and when we launch
Prasanthi Bura
CA Inter
★ 6K+
2
978