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Management's Choice to Declare Party as Related
Accountancy
answered on 24-Mar-24 19:12
Hi sir, hope you're well. If a particular party isn't identified as related as per AS 18, yet the management of the reporting entity feel so, can they make the choice to disclose such party as being related? Thanks
latest answer
Yes
Devaprasad Jothimani
CA Inter
★ 0
1
267
how the values of 40,40,20 got
Accountancy
answered on 09-Apr-24 17:22
In the 3 question the second part and the calculation are not got clarified please tell how do you got the amortization va;ues.
latest answer
PFA. The same is available in book/pdf.
Fathimath Ramisa
CA Inter
★ 335
1
160
Borrowing cost-as 16
Accountancy
answered on 10-Apr-24 16:52
In this question why they are taking borrowing cost for only option (i) and why
latest answer
because you have to borrow to pay.
Hari Haran
CA Inter
★ 175
1
299
AS 3
Accountancy
answered on 22-Mar-24 07:44
opening balance of trade receivables is 200000 right?
latest answer
I’m a student
Divinne Fiona
CA Inter
★ 9K+
5
279
Regarding profit sharing ratio in illustration 2
Accountancy
answered on 11-Apr-24 09:25
Sir why 3:4:4 is taken as oldv profit sharing ratio. Why we should consider 5:4:3
latest answer
In the question the revised profit sharing ratio is given as 3:4:4. So we consider it.
Surya Kiranmayee
CMA Inter
★ 0
1
161
LLUSTRATION 11...unit 2 treatment of goodwill
Accountancy
answered on 31-Mar-24 11:15
Could please solve and share the answer of partnership...unit2 treatment of goodwill..illustration 11 ...pg no.10.65 .(ca foundation )
latest answer
There are two methods to adjust goodwill
Devananda Rajeesh
CA Foundation
★ 140
3
311
LLUSTRATION 11...unit 2 treatment of goodwill
Accountancy
answered on 13-Jun-24 13:57
Could please solve and share the answer of partnership...unit2 treatment of goodwill..illustration 11 ...pg no.10.65 .(ca foundation )
latest answer
This is added to the course.
Devananda Rajeesh
CA Foundation
★ 140
3
333
Internal reconstruction
Accountancy
answered on 09-Apr-24 18:55
Sir..i have a doubt in this sum..I didn't understand how authorised capital is computed for this sum..kindly clarify this sir
latest answer
Ok sir
shanthini hariharan
CA Inter
★ 10K+
2
284
Change in Depreciation Method - Change in Accounting Policy?
Accountancy
answered on 16-Mar-24 10:55
Hi sir, hope you're well. Like how a change in cost formula is considered change in accounting policy, would a change in depreciation methods also be considered change in account policy? Thanks
latest answer
A change in method of depreciation is dependent on the change in estimate usage pattern. It fulfills the criteria of both change in accounting estimate and accounting policy. For simplicity of application, as per A 10, it is considered as change in accounting estimate.
Devaprasad Jothimani
CA Inter
★ 0
2
2K+
Internal reconstruction
Accountancy
answered on 15-Mar-24 20:42
1fin material Illustration 1 (balance sheet of A &co. Ltd.) 1)Why didn't we record bank overdraft in current liabilities? 2)How did we arrive at the cash and cash equivalents balance?
latest answer
It is done by adjusting the cash and cash equivalent balance to settle the bank overdraft
Monika T
CA Final
★ 7K+
1
313