AS16

answered on 16-Jan-24 13:54

Please specify reason for these answer

latest answer

When expenditure started.

Sushmita Chowdhury

CA Inter

★ 2K+

6

213

INDAS 38

answered on 20-Jan-24 08:32

When there is an expense which is incurred for development of intangible asset and for normal operations in business and such expense cannot be apportioned, then such expense should be capitalised into the cost of intangible asset or should be recognised in profit and loss account or we should follow company policy? can you please provide the provision in INDAS 38 regarding this doubt sir?

latest answer

You should make an estimate and alloacte.

siva chaitanya

CA Final

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1

224

ESOP and buy back

answered on 08-Jan-24 10:31

I didn't understand this highlighted point iv) about ESOP, what is it trying to say and what will be it's impact while buying back the shares?

latest answer

Those will become equity shares and will be used in calculation.

Garima Bhargava

CA Inter

★ 185

1

192

But back of shares

answered on 08-Jan-24 00:29

Can anyone plz explain the meaning of this highlighted point(point iii) How can company ask for funds(issue debentures)and invest in same funds (investments in its own debentures) at same time? How does it work/how is it logically possible to raise funds, ask for money and then investing in it itself? If company had money already (as it is investing) then it shouldn't ask for funds (shouldn't raise debentures)?

latest answer

It's a type of redemption, redemption by purchase through open market and it is not the same time when issued. When the company has used the fund and it's time to redeem the debentures they purchase it from open market and cancel it's own debentures after specific period (after passing board resolution). Till the time it is cancelled, it is shown as Investment in own debentures

Garima Bhargava

CA Inter

★ 185

1

180

Dissolution of firm

answered on 21-Jan-24 23:34

Pls solve this sum immediately

latest answer

Ok sir thanks

Tanuj Sharma

CA Foundation

★ 15

6

269

firm underwriting

answered on 08-Jan-24 10:37

why normal underwriting commission has to be paid on the firm underwriting. In this question, D's gross liability is 40000 out of which 10000 is the firm underwriting, when commission is found out, first, it has been calculated on 40000 as normal underwriting commission & again for firm underwriting, it is calculated separately. pls explain Video Details Course: Paper 10 - Corporate Accounting & Auditing (CAA) - (New) Module: Accounting of Shares and Debentures Section: 80. Firm Underwriting

latest answer

Yes

Deena Sriram

CMA Inter

★ 0

18

304

What next to study

answered on 06-Jan-24 15:22

I finished AS 1,2,3 and also framework chapter now what can I read next Pls guide me Video Details Course: P1 - Advanced Accounting (New) - Without AS Module: Framework for Preparation and Presentation of Financial Statements Section: 14.Capital Maintenance

latest answer

Accounting standards in the order given.

Shivashankar Jawai

CA Inter

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4

231

DRR INVESTMENT

answered on 04-Jan-24 17:09

DRR account should be always maintained but Drr investment account, it is to be maintained only when it is asked in the question or Video Details Course: Paper 10 - Corporate Accounting & Auditing (CAA) - (New) Module: Accounting of Shares and Debentures Section: 73. Illustration 6

latest answer

Yes. ONly when asked in question.

Deena Sriram

CMA Inter

★ 0

1

184

DRR

asked on 04-Jan-24 16:51

DRR should be @10% only. in this illustration, 25% was considered Video Details Course: Paper 10 - Corporate Accounting & Auditing (CAA) - (New) Module: Accounting of Shares and Debentures Section: 72. Illustration 5

latest answer

No answers yet!!

Deena Sriram

CMA Inter

★ 0

0

184

AS 16 Borrowing cost

answered on 04-Jan-24 09:35

Can anyone help me in explaining how the right answer in option B in the question below

latest answer

Ok now I understood thank you so much

SUBODH M JAIN

CA Final

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6

476