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Accountancy
answered on 21-Oct-24 10:07
Sir whether this equity method of accounting is applicable only for associate company??? Or It is applicable for subsidiary companies also??? In consolidated financial statements
latest answer
Only associate.
Suman Hs
CA Final
★ 2K+
1
257
In this qn all the abv merger conditions satisfy but they use the purchase method why???
Accountancy
answered on 21-Oct-24 10:40
In this qn all the abv merger conditions satisfy but they use the purchase method why???
latest answer
The condition that business will be continued is not given in the question. So this condition is not satisfied.
Jeeva Sakthivel
CA Inter
★ 0
1
625
In internal reconstruction
Accountancy
answered on 18-Oct-24 11:45
can I do journal entries with working note before every journal entries is it acceptable by examiner because the working note makes interruption I felt in the series of presentation
latest answer
Leave first two pages for working notes and then write journal entries.
kumaresan C
CA Inter
★ 345
1
613
Bills of Exchange
Accountancy
answered on 21-Oct-24 11:31
Im confuse for the last entry. Pls answer it
latest answer
Thank u
priyal batavia
CA Foundation
★ 910
5
467
Ledger
Accountancy
answered on 18-Oct-24 08:14
Hello sir / madam Shall we have to create this ledger horizontally or vertically in exams ?
latest answer
It can do horizontally
Nagachaitanya Nomula
CA Final
★ 8K+
1
310
FCMITD date
Accountancy
answered on 18-Oct-24 16:12
Sir, what is the criteria under which the last date to write off FCMITD is considered in question 2 ?
latest answer
ok sir. Thank you so much sir.
Poojasree Shakthiraam
CA Inter
★ 25
2
285
Buy Back of Shares
Accountancy
answered on 17-Oct-24 15:34
If cash/bank balance is used for the purpose of buy back, do we have to create CRR Account?
latest answer
If buyback is out of free reserves or securities premium account then a sum equal to nominal value of the shares purchased has to be transferred to the Capital Redemption Reserve Account (CRR) A/c.
Nova Shaji
CA Inter
★ 2K+
2
668
Consolidated financial statements
Accountancy
answered on 18-Oct-24 13:53
Why only 3rd point is correct though point 1&2 is also feature of the joint control entities,can anyone explain?
latest answer
Thank you for clearing the doubt
Mainak Chakraborty
CA Inter
★ 0
2
463
Disclosures under Short Term Borrowings and Under Other Current Liabilities
Accountancy
answered on 18-Oct-24 13:18
Hello, 1. There is a separate line item for Share Application Money Pending Allotment on the balance sheet. Can you please explain the inclusion of ' Application Money Received for Securities ', under Other Current Liabilities? 2. Current Maturities of Long Term Borrowings are included under Short Term Borrowings and under Other Current Liabilities. Which one is the correct one?
latest answer
1. for other securities. 2. Current liabilities.
V V
CA Inter
★ 3K+
1
259
Final accounts for manufacturing entities
Accountancy
answered on 16-Oct-24 15:41
Office furniture Rs.10000 Depreciated by 71/2% Depreciation value Rs.750 How is the depreciation value calculated? Can anyone pls explain.
latest answer
Depreciation for furniture is 7½% which means 7.5% . Working note for depreciation on furniture 10,000× 7.5% = 750 I hope you understand it . Please mark it as best answer
Aamina Muneera
CA Foundation
★ 1K+
1
1K+