As 25 Interim financial report

answered on 08-Mar-24 14:40

Can I know how the ansr 17000 is computed?

latest answer

Ok sr

1 Minute Review

CA Inter

★ 405

2

1K+

Provision for depreciation

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

CA Inter

★ 0

2

187

Long-term FD - Cash Equivalent?

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

CA Inter

★ 0

1

160

UPLOAD DATE OF AMORTIZATIO

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

CA Foundation

★ 1K+

1

74

Internal reconstruction

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

CA Final

★ 960

2

148

AS 16

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

CA Inter

★ 0

2

98

As 27

answered on 07-Mar-24 08:31

Is my understanding correct sir??

latest answer

Thank you sir

Krishnan K

CA Inter

★ 5K+

3

179

Meaning of remote in as29

answered on 05-Mar-24 20:46

Embodying economic benefits is remote

latest answer

Ok sir thank you

MONIKAA RAMESHKUMAR

CA Inter

★ 710

4

216

Calculation of indirect percentage of holding

answered on 07-Mar-24 08:27

If P holds 60% of Q AND Q holds 20% of T , Shouldn't it be calculated that P holds 12%(60% of 20%) of T?

latest answer

For control purpose, it will be considered 20% because P controls Q and can directly decide on 20% of T

Nayana Kowshik

CA Inter

★ 120

1

152

FIFO

answered on 07-Mar-24 08:27

Malcon Limited, a manufacturing concern has the following information in respect of material ABC.Re-order period 1 – 2 weeksMaximum consumption 900 units per weekNormal consumption 600 units per weekMinimum consumption 300 units per weekAnnual consumption 31,200 unitsPurchase price GHS4.00 per unitCost of storage 10% of purchase priceCost of order GHS60.00 per orderRequired;Calculate the reorder quantity, reorder level, maximum inventory level and minimum inventory level of material ABC.

latest answer

whats your doubt in this?

James Aduko Apolala

CMA Inter

★ 0

1

162