Forums
BRS
Accountancy
answered on 26-Jul-24 19:12
Can we do rectification of errors in BRS
latest answer
It totally depends on the question whether rectification is required or not 👎🏻
Ornitha Shree U
CBSE XI
★ 0
2
326
BRS
Accountancy
answered on 26-Jul-24 16:15
Why do everybody, even those who don't have a business get pass book? If bank is giving pass book to us why can't they make it look as per our books of accounts(debit for receipt and credit for payments)? Is there any legal use for BRS?
latest answer
when you withdraw money from bank For you its receipt, for bank its payment. Bank is giving statement/passbook as it appears in their book
Ornitha Shree U
CBSE XI
★ 0
1
369
amalgamation
Accountancy
answered on 26-Jul-24 16:15
in the example given in the video the agreed upon value of the selling company is different from agreed value of buying company?Can it be like that ?And if yes why?
latest answer
It is possible. Ultimately its agreed between two parties.
Niveta Rajkumar
CA Inter
★ 6K+
1
379
AS 10
Accountancy
answered on 24-Jul-24 11:38
If an asset is purchased by a company and the vendor only paid 80% value of the asset and vendor also certified that no any dues from such company. In this case how should a company recognise that 20% value in the books of the company and up to what extent the company has to capitalise such assets?
latest answer
Both Accounting standards prescribe this.
Gopichand Annamadasu
CA Inter
★ 270
3
347
Accounting for branches
Accountancy
answered on 06-Aug-24 15:56
what exactly means branch current account in this question?
latest answer
AMount receivable/payable to branch
Niveta Rajkumar
CA Inter
★ 6K+
1
323
Accounting for branches
Accountancy
answered on 24-Jul-24 05:02
In this question why aren't we crediting receipts from sundry debtors to branch p and l account.
latest answer
Because it forms part of branch stock account which is credited to the branch profit and loss account
Niveta Rajkumar
CA Inter
★ 6K+
1
388
AS 28
Accountancy
answered on 30-Jul-24 14:38
Whatt did we do after the calculation of impairment loss?
latest answer
Depreciation is 1cr and the revised depreciation is 1.7cr. Enhanced depreciation is 1.7 - 1 = 0.7 cr for 1year. For 2 years it is 1.4 cr
Sagar Kathuria
CA Final
★ 3K+
3
348
AS 13 Accounting for investment
Accountancy
answered on 23-Jul-24 11:20
What does the 3400 in the credit side indicate?
latest answer
Thank you very much
Sujitha M
CA Inter
★ 1K+
2
325
As 13 accounting for investment
Accountancy
answered on 22-Jul-24 12:45
Why is the sale of right issue not subscribed deducted from the cost of investment. Shouldn't it be charged to the profit and loss account as an income?
latest answer
Ok sir thank you very much
Sujitha M
CA Inter
★ 1K+
2
368
Narration
Accountancy
answered on 23-Jul-24 09:52
Is there is specific mark for writing narration. If the narration is short which cover complete transaction will they reduce mark for that.
latest answer
Narration writing will increase marks But no narration may decrease the same It totally depends on the invigilator how much marks he will deduct The answer is to write a short narration containing brief description of transaction
Lathika
CA Inter
★ 6K+
3
351