Forums
Amalgamation
Accountancy
answered on 12-Jul-24 09:14
In case of amalgamation in the nature of merger if paid up capital is greater than pc we have to credit p/l ac instead of capital reserve?
latest answer
No.
Pradeep Jeeva
CA Inter
★ 90
1
311
depreciation and amortization
Accountancy
answered on 15-Jul-24 14:18
Sir please send accounts depreciation and amortization modules back Practical questions videos
latest answer
Will record a video on this and share it here.
Swathi Swathi
CA Foundation
★ 0
12
408
depreciation
Accountancy
answered on 12-Jul-24 11:35
Please send depreciation module back practical questions videos
latest answer
What is the doubt?
Swathi Swathi
CA Foundation
★ 0
2
296
depreciation and amortization
Accountancy
answered on 15-Jul-24 21:25
Please send videos accounts depreciation and amortization practical questions
latest answer
Questions are based on same concepts covered in illustrations. If you have a doubt you can ask as a separate query.
Ayyala somayajula swathi Swathi
CA Foundation
★ 0
3
334
Sir you said in class that you will learn in Adv A/c
Accountancy
answered on 09-Jul-24 16:21
Sir you said in class that you will learn in Adv A/c are our lectures updated? because this is the Advance accounting series I am watching
latest answer
It is updated. Dont worry.
GOKUL KOLATE
CA Inter
★ 1K+
1
220
AS 5
Accountancy
answered on 12-Jul-24 11:37
in the illustration 4 can we say the provision created on staff welfare as an accounting estimate
latest answer
Yes
Niveta Rajkumar
CA Inter
★ 6K+
1
355
Capital account
Accountancy
answered on 18-Aug-24 23:51
Sir why do we write capital account in liability side of balance sheet?
latest answer
Owner owing to business
Ajaykumar Parit
CA Inter
★ 815
2
332
AS 22
Accountancy
answered on 06-Jul-24 12:19
As per AS 22 , the business has loss say 100,000 RS and it is virtually certain that the company would have sufficient profit in the future. The loss can be carried forward for 8 yrs. Tax rate 40%.Why are we claiming 40000RS as deferred tax asset for the year 1?If there is a loss and we aren't paying tax for it why is it a deferred tax asset?
latest answer
Because we would save tax in future. So there is a benefit in future because of current year loss
Niveta Rajkumar
CA Inter
★ 6K+
1
420
AS15
Accountancy
answered on 03-Jul-24 15:20
Under AS 15 "employee benefits" what all are the items to be recorded in P&L a/c and balance sheet each year?
latest answer
The following items need to be disclosed in the Balance Sheet: Defined Benefit Obligation: The present value of the defined benefit obligation. Fair Value of Plan Assets: The fair value of plan assets at the balance sheet date. Net Defined Benefit Liability or Asset: The net total of the defined benefit obligation and the fair value of plan assets. Unrecognized Past Service Cost: Past service cost that has not yet been recognized. Actuarial Gains and Losses Not Recognized: Actuarial gains and losses not recognized in the balance sheet but disclosed in the notes.
Niveta Rajkumar
CA Inter
★ 6K+
2
531
AS 13
Accountancy
answered on 03-Jul-24 16:15
As per AS 13 when we acquire an investment for exchange of an asset if FMV of asset given up and FMV of asset acquired both are given , which one should we consider as cost of acquisition? Is the answer same for AS 10 PPE also ? If yes why?
latest answer
AS 13 - First preference FV of asset given up. If FV of asset received is more evident, use that. AS 10 - Similar treatment. First preference FV of asset given up. If FV of asset received is more evident, use that.
Niveta Rajkumar
CA Inter
★ 6K+
2
384