Forums
Borrowing cost on qualifying assets
Accountancy
answered on 02-Sep-24 15:49
Pls explain the underlined statement
latest answer
Okay Sir
Nisha M
CA Final
★ 2K+
4
315
As 28 Impairment
Accountancy
answered on 27-Aug-24 12:42
In this question is it mandatory to show amortization of goodwill separately or is it okay to show in a consolidated manner?
latest answer
Separately
Niveta Rajkumar
CA Inter
★ 6K+
1
317
Impairment As 28
Accountancy
answered on 27-Aug-24 12:38
Generally on what value should we do reversal of impairment??
latest answer
As per Accounting Standard (AS) 28, "Impairment of Assets," a reversal of an impairment loss is recognized if there has been a change in the estimates used to determine the recoverable amount of the asset since the last impairment loss was recognized. Reversal cannot exceed the carrying amount of the asset that would have been determined had no impairment loss been recognized in the past.
Niveta Rajkumar
CA Inter
★ 6K+
3
374
AS 11
Accountancy
answered on 27-Aug-24 13:16
Can anyone send solution of this problem?
latest answer
Thanks, it is clear now
Mainak Chakraborty
CA Inter
★ 0
3
282
Partnership and LLP accounts
Accountancy
answered on 23-Aug-24 10:06
Who we got ram,mohan, and shyam capital accounts.
latest answer
They've been carried down there from the partners capital a/c A[balance Carried down (c/d)]
RAVITEJA MERUGU
CA Foundation
★ 740
1
251
Partner ship firm
Accountancy
answered on 28-Aug-24 09:03
Why he took 2000000 in the answer
latest answer
Can you share the question
RAVITEJA MERUGU
CA Foundation
★ 740
2
307
How to calculate pvf @12.6% for 2yrs in calculator sir
Accountancy
answered on 21-Aug-24 10:35
My pvf is different from book pvf
latest answer
Thank u so much
Sri Durga
CA Inter
★ 590
7
525
AS 13 - right issue - renouncement of rights
Accountancy
answered on 19-Aug-24 10:24
If we are selling the right issue to other person without purchasing the share then why should we credit the investment of equity share acount. We haven’t make any impact previouly. (i.e. Purchase of investment entry)
latest answer
Generally after a rights issue, the price of share would fall down. So if the price falls down, it is appropriate to reduce it from the cost of shares.
Akshaya Sridhar
CA Inter
★ 1K+
1
308
Rectification
Accountancy
answered on 19-Aug-24 10:31
Goods worth Rs.1000 were sent on sale or return basis to a customer and entered in the sales book.At the close of the year, the customer still had the option to return the goods.The sale price was 25% above cost. Then what is the cost of the goods & how is the sale price 200.
latest answer
Cost - 100 Profit - 25 ------------ Sales - 125 Profit percentage is 25% on cost i.e. 25/100 which is 20% on sales i.e. 25/125
Aamina Muneera
CA Foundation
★ 1K+
5
583
Rectification of error
Accountancy
answered on 19-Aug-24 17:10
Why income is shown in liability side
latest answer
Income has a credit balance and is shown on credit side of profit & loss account.
Sathya S
CA Foundation
★ 3K+
1
307