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AS 18
Accountancy
answered on 02-Sep-24 13:40
XYZ Limited is a 100% subsidiary of ABC Limited which of the following are related party transaction for the purpose of consolidation of financial statement. A salary paid to employees of XYZ Limited B loans given to employees of ABC Limited C intercompany sales between holding and subsidiary D loan given to managing director ABC Limited E transfer of assets by ABC limited to its subsidiary
latest answer
In case of consolidated financial statements, intra group transactions are eliminated. So C & E will not be reflected in financial statements. So D is the correct answer.
Sakshi Chauhan
CA Inter
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241
Interest
Accountancy
answered on 31-Aug-24 14:22
Sir in this question don't given what is the source of interest income or interest expense. But how to you write Interest income in investing activity and Interest expense in financing activity?
latest answer
If nothing is given in the question, In general, Interest expense comes under financing activity and interest income comes under Investing activity because interest is payable (expense) only for the borrowed funds and interest is only earned (income) from the investments made.
Ajaykumar Parit
CA Inter
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260
As 3
Accountancy
answered on 02-Sep-24 09:19
Ans given in this question is nil .how ?
latest answer
Sale of an asset or an equipment will come under the Investment activity. It will not cover under the Operating Activity.So, the answer is nil.
Lucky Ten
CA Inter
★ 0
4
254
As 7
Accountancy
answered on 02-Sep-24 13:48
How to solve these MCQ ? Method
latest answer
These are not wrong.
Lucky Ten
CA Inter
★ 0
4
256
As2
Accountancy
answered on 02-Sep-24 13:49
What is the ans ? For this question
latest answer
the question is not drafted properly.
Lucky Ten
CA Inter
★ 0
8
322
As 7
Accountancy
answered on 30-Aug-24 09:26
Hownto solve this MCQ ? Method?
latest answer
Materials purchased - Materials unused = 50 Labour = 60 Depreciation = 100/15*3 = 20 Future costs to incur = 80 Total costs = 210 Less : Fixed price contract = 200 Loss of 10L
Lucky Ten
CA Inter
★ 0
5
233
As 7
Accountancy
answered on 02-Sep-24 23:01
How to do this question ? Method?
latest answer
Ya got it sir
Lucky Ten
CA Inter
★ 0
2
299
Advance Accounting
Accountancy
answered on 09-Sep-24 17:33
Is there Advance According Marathon available?
latest answer
https://www.youtube.com/live/6x_9gDZr4Q4?si=9G_ByKPCBjJfTyaJ
036 137
CA Inter
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1
282
5:16to 5:20 working notes goods send to branch from H.O
Accountancy
answered on 27-Aug-24 22:39
Why u not posted anywhere debtors alc or cash alc
latest answer
Now I understand completely
R G
CA Final
★ 9K+
1
215
Credit sale to book me record karna padega to head office ke side se officer come to usko to pata chal jayega na
Accountancy
answered on 27-Aug-24 12:38
Then sir u said in videos credit sale head office don't know this so don't record is it correct sir in videos
latest answer
If the branch does not record, than head office will not know.
R G
CA Final
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1
225