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AS 10 PPE

Accountancy

answered on 10-Mar-24 13:19

Dear sir, Interest charges paid to the supplier of the plant for the "deferred credit term" means sir? Why is it not included while calculating the cost of assets? It's also mentioned in study material that it is not a qualifying asset.

latest answer

Okay sir. Thank you so much for clarifying.

Harshavardini K B

Harshavardini K B

CA Inter

6K+

3

209

Recognition of Bonus Payable - Interim

Accountancy

answered on 10-Mar-24 12:56

Hi sir, hope you're well. Bonus payable, must be proportionately accounted for prospectively over the interim periods, only if the same is a legal obligation. My doubt is whether the same treatment must be given, if the obligation isn't legal but constructive? Thanks.

latest answer

Yes

Devaprasad Jothimani

Devaprasad Jothimani

CA Inter

0

1

149

As 28

Accountancy

answered on 10-Mar-24 13:01

I gone through the classes but still it's not clear that what is the difference between Bottom up test and top down test. In both the impairment loss is primarily setoff with Goodwill and secondarily with carrying amnt. Then what is the difference? Kindly consider my queries. Im really confused.

latest answer

Say we have 3 CGUs - A, B & C. If goodwill can be allocated on reasonable basis we allocate goodwill to A, B & C and test for impairment of each CGU - This is bottom up. If Goodwill cannot be allocated on reasonable basis, we identify the next higher level CGU. Say combination of A, B & C and then test for impairment of all three CGU (larger CGU) including goodwill. This is top down.

1 Minute Review

1 Minute Review

CA Inter

405

3

196

As 25 Interim financial report

Accountancy

answered on 08-Mar-24 14:40

Can I know how the ansr 17000 is computed?

latest answer

Ok sr

1 Minute Review

1 Minute Review

CA Inter

405

2

1K+

Provision for depreciation

Accountancy

answered on 10-Mar-24 13:10

In a companies balance sheet, should provison for depriciation be shown as a short term provision ? Or should the net value of asset be shown in asset side

latest answer

Reduced from the Gross book value.

Parvathy Ajith

Parvathy Ajith

CA Inter

0

2

178

Long-term FD - Cash Equivalent?

Accountancy

answered on 07-Mar-24 12:19

Hi sir, hope you're well. Let us say that an FD has been opened for 5 years. If broken prematurely, the bank will charge some penalty. In this case, we would know with reasonable certainty the amount of cash the FD would yield on conversion. So here, can we say that such FD amount (adjusted for premature closure penalty) is readily convertible and the amount is reasonably certain and is thus a cash equivalent? Since we would known exactly how much penalty would be charged if broken. Thanks

latest answer

But then intention is not to break early right

Devaprasad Jothimani

Devaprasad Jothimani

CA Inter

0

1

155

UPLOAD DATE OF AMORTIZATIO

Accountancy

answered on 06-Mar-24 23:21

hello sir , can i know when amortization topic will be uploaded and also gst topic

latest answer

GST topic in next week. After that amortisation

sukeerthi chinnaramugari

sukeerthi chinnaramugari

CA Foundation

1K+

1

70

Internal reconstruction

Accountancy

answered on 07-Mar-24 10:54

In this case why the answer is D ?? What is the correct journal entry ??

latest answer

Ok, Thank you sir

Code X

Code X

CA Final

960

2

142

AS 16

Accountancy

answered on 07-Mar-24 12:08

Hi Sir, Foriegn exchange part is quiet complicated. The initial dates rate of forex or ind value can be compared with the last date forex and ind value respectively . 1)Why should they compare last dates forex value with initial dates ind value? 2)Does it give any idea of how much the company could have saved ? 3)On what idea basis this AS has been formulated? 4)How to know full details of this standard like the way the standards have been formulated? 5)Where to study them for time being please clarify me the doubt on how to understand such sums? “Requesting to answer all the questions s.no wise”

latest answer

Okay Thank You Sir

Cucuberry

Cucuberry

CA Inter

0

2

67

As 27

Accountancy

answered on 07-Mar-24 08:31

Is my understanding correct sir??

latest answer

Thank you sir

Krishnan K

Krishnan K

CA Inter

5K+

3

170

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