Forums
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
234
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
205
As 27
Accountancy
answered on 07-Mar-24 08:31
Is my understanding correct sir??
latest answer
Thank you sir
Krishnan K
CA Inter
★ 5K+
3
271
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
458
Calculation of indirect percentage of holding
Accountancy
answered on 07-Mar-24 08:27
If P holds 60% of Q AND Q holds 20% of T , Shouldn't it be calculated that P holds 12%(60% of 20%) of T?
latest answer
For control purpose, it will be considered 20% because P controls Q and can directly decide on 20% of T
Nayana Kowshik
CA Inter
★ 120
1
289
FIFO
Accountancy
answered on 07-Mar-24 08:27
Malcon Limited, a manufacturing concern has the following information in respect of material ABC.Re-order period 1 – 2 weeksMaximum consumption 900 units per weekNormal consumption 600 units per weekMinimum consumption 300 units per weekAnnual consumption 31,200 unitsPurchase price GHS4.00 per unitCost of storage 10% of purchase priceCost of order GHS60.00 per orderRequired;Calculate the reorder quantity, reorder level, maximum inventory level and minimum inventory level of material ABC.
latest answer
whats your doubt in this?
James Aduko Apolala
CMA Inter
★ 0
1
261
Construction contract
Accountancy
answered on 07-Mar-24 08:35
1fin materials does not contain all the illustrations explained in videos and illustrations of icai materials also.
latest answer
Can you please let me know which illustration is missed in notes?
sitaram kollepara
CA Inter
★ 2K+
1
144
Related party
Accountancy
answered on 04-Mar-24 21:40
A.Ltd owns 90%in B Ltd BLtd owns 25% in C Ltd Is ALtd and C Ltd related parties??
latest answer
Yes
Krishnan K
CA Inter
★ 5K+
2
273
Adjusting Events - Additional Evidence
Accountancy
answered on 07-Mar-24 08:44
Hi sir, hope you're well. Let us say at balance sheet date, provision for doubtful debts from a customer stood at 20%. However due to a tsunami the customer's entire premises were wiped out and thus had to be 100% written of in our company's books. Here, would this constitute an adjusting event? Since we cannot really say that the circumstances of 100% write-off existed at balance sheet date, since the event of the tsunami happened after balance sheet date only. So my question is would this be considered an adjusting event, and if so, why. Thanks
latest answer
Non adjusting event since conditions were not existent on balance sheet date.
Devaprasad Jothimani
CA Inter
★ 0
1
688
Difference btw closing stock and closing inventory
Accountancy
answered on 31-Mar-24 11:20
Sir what is the difference btw closing stock and closing inventory . give some examples.
latest answer
They can be used in each other's place
Ajaykumar Parit
CA Inter
★ 815
2
300