Forums
Indirect method
Accountancy
answered on 04-Jul-26 18:17
Sir! Is it not that when we took bad debts 25 debtors will have to pay 900 and then when we are calculating net profit Net profit. 225 +/- changes in stock +50 +/- changes in creditors. -50 +/- changes in debtors. -100 (i.e 1000-900)? [Video Time Stamp: 01:27]
latest answer
In that case we need to add back provision of bad debt (being non cash item)
Mutchukota Akhila
CA Inter
★ 4K+
2
120
Carrying amount calculation
Accountancy
answered on 24-Jun-26 10:20
Sir, The Carrying amount of investment calculation is to be done at the end of FY, Right sir??
latest answer
Ok sir
Jagadeesh Jaidev
CA Inter
★ 645
2
64
Reclassification
Accountancy
answered on 24-Jun-26 10:20
Sir, In reclassification of Current to Long term investment, You mentioned Fair value and Actual Cost. Actual cost is The cost at the time of Purchase, and Fair Value is Value at the time of Reclassification., Am I right, Sir??
latest answer
Ok sir
Jagadeesh Jaidev
CA Inter
★ 645
2
76
Alc
Accountancy
answered on 24-Jun-26 10:22
Sir I realized u explaining one concept then in doing one Q I also doing same revision Pratice time Sir my Q in exam 1.5day I first all chapter revision all concept then I pratice all Q which I marked OR Sir I I do one concept one arcing standard then one A/cing standard all marke Q in Pratice Then I do 2nd accounting standard Which WILL best work Sir in 1.5day Sir [Video Time Stamp: 00:14]
latest answer
You can do standard by standard.
Roshan G
CA Inter
★ 3K+
1
104
Illustration 1
Accountancy
answered on 24-Jun-26 11:07
Kindly provide journal entries for illustration 1. like how Progress billing is done, what happens to construction wip! Journal entry would help I'm understanding the accounts. [Video Time Stamp: 08:58]
latest answer
Okay.
Geeta B
CA Inter
★ 8K+
6
116
% of certified work
Accountancy
answered on 24-Jun-26 10:52
Even though 55% of work is completed. Only 45% of work is certified. How can we recognise 55% of revenue? [Video Time Stamp: 08:02]
latest answer
ok sir. thankyou
Geeta B
CA Inter
★ 8K+
2
75
% of completion method
Accountancy
answered on 22-Jun-26 13:17
As per AS 9 to recognise revenue for rendering of services if the work can be divided into stages we can use percentage of completion method . As per A7 construction contract they use percentage of completion method to recognise revenue . So whatever I learn in as 7 regarding the percentage of completion method I can follow the same in the former case as well (I mean rendering of services)? [Video Time Stamp: 06:30]
latest answer
Ok sir . Thankyou
Geeta B
CA Inter
★ 8K+
2
113
Risk and reward in e commerce
Accountancy
answered on 19-Jun-26 15:58
So I place an order in Amazon on 28/3/2026, it's billed and I made payment in upi as well. I didn't request for any bill and hold .They shipped the product. So I got the delivery on 2/4/2026. So the goods are delivered in a deliverable form after 5 days.Now control is with me. So here, 1.when the transfer of risk and reward happened? 2.When is revenue recognised? [Video Time Stamp: 04:55]
latest answer
ok sir, thankyou
Geeta B
CA Inter
★ 8K+
2
111
Past service cost
Accountancy
answered on 24-Jun-26 10:53
Kindly provide an example to understand this past serve cost , vesting investing annd amortization.
latest answer
ok sir thankyou
Geeta B
CA Inter
★ 8K+
2
106
Past service cost
Accountancy
answered on 24-Jun-26 10:54
Whether method 1 is correct or method 2. As per my contention, method 1 is following matching and accural concept
latest answer
ok sir thankyou
Geeta B
CA Inter
★ 8K+
7
90