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Recognition of Bonus Payable - Interim
Accountancy
answered on 10-Mar-24 12:56
Hi sir, hope you're well. Bonus payable, must be proportionately accounted for prospectively over the interim periods, only if the same is a legal obligation. My doubt is whether the same treatment must be given, if the obligation isn't legal but constructive? Thanks.
latest answer
Yes
Devaprasad Jothimani
CA Inter
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1
236
As 28
Accountancy
answered on 10-Mar-24 13:01
I gone through the classes but still it's not clear that what is the difference between Bottom up test and top down test. In both the impairment loss is primarily setoff with Goodwill and secondarily with carrying amnt. Then what is the difference? Kindly consider my queries. Im really confused.
latest answer
Say we have 3 CGUs - A, B & C. If goodwill can be allocated on reasonable basis we allocate goodwill to A, B & C and test for impairment of each CGU - This is bottom up. If Goodwill cannot be allocated on reasonable basis, we identify the next higher level CGU. Say combination of A, B & C and then test for impairment of all three CGU (larger CGU) including goodwill. This is top down.
1 Minute Review
CA Inter
★ 405
3
327
As 25 Interim financial report
Accountancy
answered on 08-Mar-24 14:40
Can I know how the ansr 17000 is computed?
latest answer
Ok sr
1 Minute Review
CA Inter
★ 405
2
1K+
Provision for depreciation
Accountancy
answered on 10-Mar-24 13:10
In a companies balance sheet, should provison for depriciation be shown as a short term provision ? Or should the net value of asset be shown in asset side
latest answer
Reduced from the Gross book value.
Parvathy Ajith
CA Inter
★ 0
2
274
Long-term FD - Cash Equivalent?
Accountancy
answered on 07-Mar-24 12:19
Hi sir, hope you're well. Let us say that an FD has been opened for 5 years. If broken prematurely, the bank will charge some penalty. In this case, we would know with reasonable certainty the amount of cash the FD would yield on conversion. So here, can we say that such FD amount (adjusted for premature closure penalty) is readily convertible and the amount is reasonably certain and is thus a cash equivalent? Since we would known exactly how much penalty would be charged if broken. Thanks
latest answer
But then intention is not to break early right
Devaprasad Jothimani
CA Inter
★ 0
1
254
UPLOAD DATE OF AMORTIZATIO
Accountancy
answered on 06-Mar-24 23:21
hello sir , can i know when amortization topic will be uploaded and also gst topic
latest answer
GST topic in next week. After that amortisation
sukeerthi chinnaramugari
CA Foundation
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1
155
Internal reconstruction
Accountancy
answered on 07-Mar-24 10:54
In this case why the answer is D ?? What is the correct journal entry ??
latest answer
Ok, Thank you sir
Code X
CA Final
★ 960
2
221
AS 16
Accountancy
answered on 07-Mar-24 12:08
Hi Sir, Foriegn exchange part is quiet complicated. The initial dates rate of forex or ind value can be compared with the last date forex and ind value respectively . 1)Why should they compare last dates forex value with initial dates ind value? 2)Does it give any idea of how much the company could have saved ? 3)On what idea basis this AS has been formulated? 4)How to know full details of this standard like the way the standards have been formulated? 5)Where to study them for time being please clarify me the doubt on how to understand such sums? “Requesting to answer all the questions s.no wise”
latest answer
Okay Thank You Sir
Cucuberry
CA Inter
★ 0
2
177
As 27
Accountancy
answered on 07-Mar-24 08:31
Is my understanding correct sir??
latest answer
Thank you sir
Krishnan K
CA Inter
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3
248
Meaning of remote in as29
Accountancy
answered on 05-Mar-24 20:46
Embodying economic benefits is remote
latest answer
Ok sir thank you
MONIKAA RAMESHKUMAR
CA Inter
★ 710
4
410