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Doubt related to Intangible asset
Accountancy
answered on 23-Dec-23 17:21
Whether the revenue generated due to the expense which is capitalised into Intangible asset should be adjusted from the cost of Intangible asset for the purpose of matching concept?
latest answer
What kind of income are you referring to? Can you elaborate?
siva chaitanya
CA Final
★ 13K+
1
245
Cost of Intangible asset
Accountancy
answered on 23-Dec-23 17:22
The company policy is that the expenses should be capitalised for the product till it reaches the targeted customers so whether the salaries paid to the staff particularly working for that product to make changes to the product helpful if we reach the targeted customers can be capitalised into the cost of intangible asset?
latest answer
Expenses should be capitalised till the time of completion
siva chaitanya
CA Final
★ 13K+
1
238
Cost of Intangible asset
Accountancy
answered on 24-Dec-23 06:19
The company policy is that the expenses should be capitalised till it reaches the targeted customers so whether software and maintenance expenses can be capitalised into the cost of intangible asset as the expenses will also be incurred for the new customers?
latest answer
Thank you sir
siva chaitanya
CA Final
★ 13K+
3
236
Non-Profit organization accounting
Accountancy
answered on 22-Dec-23 10:58
What is the treatment for entrance fees in NPO? Is it: - treated as an income and included in the income and expenditure account - OR is it added to the capital fund in the balance sheet? Also how is Sports material treated in NPO accounts? Is it: - treated as an asset and included in balance sheet assets side - Or recorded in the expenditure column in the income and expenditure account?
latest answer
Thank you sir
Asmita Kar
CA Foundation
★ 7K+
14
410
Depreciation
Accountancy
answered on 21-Dec-23 22:03
Sir In this question we got a profit of 20000 but we didn't take. When we get loss we write it on the credit side of account. But we didn't write profit. Sir can i know the reason
latest answer
Ok sir thank you
Chaitanya lahari Sharma
CA Inter
★ 6K+
4
267
Branch accounting
Accountancy
answered on 23-Dec-23 17:25
How was the value of 245 payment for furniture caluclated Branch accounting sum 12
latest answer
That is for stock reserve.
Sujitha M
CA Inter
★ 1K+
2
240
Depreciation
Accountancy
answered on 20-Dec-23 19:55
Sir, Is it mandatory to do provision for depreciation A/c when they directly asked asset disposal A/c in question?
latest answer
Yes
Sai Ganesh
CA Inter
★ 8K+
1
277
Excal how to insert new colums in beetween
Accountancy
answered on 21-Dec-23 17:04
Excal how to add two new colums
latest answer
Click on the letter button of the column immediately to the right of where you want to insert the new column option will be there. click that
R G
CA Inter
★ 9K+
1
237
As9
Accountancy
answered on 18-Dec-23 20:18
Here title passes at the time when goods arrive at customer premises Or Title passes after 1 month from date of goods arrive at customer premises I am not able to understand that line??
latest answer
The answer will be GH shd recognize revenue when goods are reached the customer, as in question they have given risk related to shipment is of GH as they have taken insurance
Krishnan K
CA Inter
★ 5K+
2
269
AS 3
Accountancy
answered on 18-Dec-23 10:06
AS 3 Video lecture: illustration 9 Receipt of grant for capital projects is considered as financing activity in the lecture But it's considered as an investing activity in the icai material What should we consider in exam?
latest answer
Okay sir
Monika T
CA Final
★ 7K+
3
316