Branch account

answered on 14-Oct-23 10:23

Here is it given head office sent goodd to branch at cost plus 25%. But in answer transfer has taken take in cost. Is it correct?

latest answer

1,00,000 includes cost+25%

Pooja .

CA Final

★ 210

1

247

NPO PRATICAL SUM 1

answered on 14-Oct-23 12:27

Adjustment 4 50%of entrance donation was to be capitalized.. There was no pending membership as on 31 March 2020 What is the meaning there was no pending membership as on 31 March 2020

latest answer

No outstanding

SRIHARI K U [XI-D]

CA Inter

★ 4K+

1

257

Buyback

answered on 17-Oct-23 18:21

should we consider current maturities of long-term borrowings in the calculation of loan funds?

latest answer

Yes we have to consider

Sujitha M

CA Inter

★ 1K+

3

253

Buyback

answered on 14-Oct-23 12:29

Why are marked 2 numbers different? Is there something I'm missing?

latest answer

We should consider 3 tests, not 2 tests. Here, least of the following is to be taken 1. Shares outstanding test - 31,250 shares 2. Resources test - 39,063 shares 3. Debt Equity ratio test - 28,750 shares Co. can buyback shares upto a maximum of 28,750 shares. But co.wants to take only 25,000 shares only, it is under the limits of maximum buyback shares. So co.can buyback 25,000shares. In the ans. they given wrong in Debt equity ratio test. Take as above as I said and do like that.

Sujitha M

CA Inter

★ 1K+

4

330

Amalgamation sum

answered on 18-Oct-23 14:10

Pc calculation didn't understand and also sundry asset is given as 100000 but sundry asset is not in trial balance

latest answer

All

Revathy N

CA Final

★ 9K+

4

302

Borrowing cost

answered on 11-Oct-23 11:41

Explain the highlighted context in detailed

latest answer

😁

SAI AKASH GORU

CA Inter

★ 745

5

248

Refund of government grants related to revenue

answered on 13-Oct-23 10:58

Explain the highlighted context in detailed

latest answer

As and when you start explaining with a practical example The concept enters into my mind directly and clearly

SAI AKASH GORU

CA Inter

★ 745

6

229

Govt. Grants

answered on 11-Oct-23 09:46

Explain me the Highlighted context in detailed In layman terms 🥹

latest answer

Say grant is recevied in relation to land. and also requires meeting some condition like maintaining the land which requires expenses to be incurred. Such grant is credited to P&L in proportion of expenses.

SAI AKASH GORU

CA Inter

★ 745

1

189

Govt. Grants

answered on 11-Oct-23 10:04

Explain me the word " nominal value " in the highlighted context. My question:- is nominal value means 'nil' Or something else

latest answer

Okay then.... Just for knowing purpose to intended users of financial statements Recorded at nominal value ₹1 Thank you sir I've uploaded some other DOUBTS , kindly see those attachments

SAI AKASH GORU

CA Inter

★ 745

6

202

Ca inter grp 1 accounting complier not able download

answered on 12-Oct-23 11:45

Ca inter grp 1 accounting complier not able download

latest answer

Thank you got it

KOWTICA VIKAS

CA Inter

★ 85

2

250