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Consolidated fS
Accountancy
answered on 21-Apr-24 19:18
How to treat preliminary expenses in the consolidated balance sheet.
latest answer
Write off.
Gayathri S Nambiar
CA Final
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1
543
Consolidation
Accountancy
answered on 22-Apr-24 09:43
In balance sheet b4 revaluation y u have considered loans and advances as assets General we use to assume it as liabilities only Kindly explain me plz
latest answer
Loan means the company has taken loan from bank, financial institutions etc. So it will be shown under liability. Loans & advances means it is given by company to subsidiaries, employees, financial institutions etc. which can be shown as asset in the balance sheet.
nive krish
CA Inter
★ 255
1
382
Debentures in Amalgamation
Accountancy
answered on 21-Apr-24 19:23
I am little confused when debenture arises in amalgamations.. can anyone say whether debentures shall include in purchase consideration ? And wherever the debentures shall include ?
latest answer
If debentures are given to shareholders - then part of purchase consideration If debentures are issued to settle the existing debenture holders - not a purchase consideration.
Jashvanth.K
CA Inter
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1
541
Whether to complete all AS SERIES once then move to other chapters?
Accountancy
answered on 21-Apr-24 22:30
Sir Whether to complete all AS SERIES once then move to other chapters?
latest answer
Sure Sir,, Thank you..!
GOKUL KOLATE
CA Inter
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6
514
As 1
Accountancy
answered on 22-Apr-24 15:26
What is the context of ICD here…what does that mean What is non provision interest ? Can someone explain this qsn in simple language..
latest answer
ICD - Any amount received by a company from another company falls under the category of ICDs. These are unsecured short-term loans provided by one corporation to another Non provision interest - Company is not paying interest
Sushmita Chowdhury
CA Inter
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1
367
As1
Accountancy
answered on 03-May-24 11:12
If there is permanent reduction Then it should go to pl Why provision created ?
latest answer
here provision means that only.
Sushmita Chowdhury
CA Inter
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3
419
As1
Accountancy
answered on 18-Apr-24 19:09
How is profit reduced ? If cost is reduced then profit is increased
latest answer
Thank you…. U explain good
Sushmita Chowdhury
CA Inter
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4
358
Doubt
Accountancy
answered on 22-Apr-24 17:29
Can I skip branch accounts chapter alone? Is there any possibility of asking branch accounts in Mcq or compulsory question ?
latest answer
They can ask.
Soon to be CA
CA Inter
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4
397
Purchase consideration settlement
Accountancy
answered on 22-Apr-24 15:45
Purchase consideration means any payment to owners of the company i.e. Shareholders. So pc does not include any settlement made to debenture. That logic is enough know. Again in this video net assets value does not effect on settlement made. What is that. I didn't understand the 2nd logic.
latest answer
There net asset value does not change because the debentures are redeemed by issuing new debentures as the liability does not change If those are redeemed for cash then it will have impact on both liabilities side and the assets side with the same amount. So net assets will not change
sitaram kollepara
CA Inter
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1
429
about mock test for Inter
Accountancy
answered on 23-Apr-24 23:55
Sir, what is the cut off date for writing mock test for advanced accounting?
latest answer
it must not exceed 7 days before exam..:)
Jayamalini Baskaran
CA Inter
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2
373