Forums
AS 28
Accountancy
answered on 02-Mar-24 20:07
Why there are no problems solved in AS 28 in the video lecture, which is there in the study material provided by you
latest answer
towards 3rd week of March.
Prateek
CA Inter
★ 120
3
246
Treatment of goodwill
Accountancy
answered on 01-Mar-24 15:52
In answer they take profit and amount withdrew by partners are taken only 1/2 off the amount
latest answer
No, question does not mean that the half of profit is withdrawn from the firm, it means that drawings during the year are 1,50,000 and profit during the year is 2,00,000 and balance sheet is prepared at the year end, So to get the average capital employed at the beggining of year (For computation of normal profit) we need to do back caluclation i.e Total capital at the end of year means as on B/S date-profit+drawings.
Harish Raj
CMA Inter
★ 4K+
1
440
As 13 Investment accounting
Accountancy
answered on 27-Feb-24 13:36
On purchase of debentures on cum-interest Is Brokerage on Percentage is computed after reducing interest portion?
latest answer
On transaction price
Mile s
CA Final
★ 250
3
428
Cash flow statement
Accountancy
answered on 02-Mar-24 19:04
In Illustration 8 in cash flow statement, jyoti sum, in the answer, receipt of grant for capital projects is mentioned as cash flow from investing activities. But in the video, the answer has been solved on the basis of receipt of grant as financing activities. So is receipt of grant an investing activity or a financing activity? What to write in exam if this question arises? Please solve this doubt for me. I am confused.
latest answer
Ok... Thank you
MURALIDAR 05 M
CA Final
★ 1K+
6
807
Illustration 9
Accountancy
answered on 16-Mar-24 03:43
Sir as illustration 9 is not uploaded,I hv done the qn and attached..can u check and say whether it's correct
latest answer
Ok sir
Nithya sree G
CA Inter
★ 0
3
279
illustration 9
Accountancy
answered on 27-Feb-24 07:27
sir i think video is repeated .the video shows ilustration 6 instead of illustration 9.
latest answer
will check
Nithya sree G
CA Inter
★ 0
1
231
ILLUSTRATION 6
Accountancy
answered on 27-Feb-24 09:34
sir why in this sum u hv done proportionately whereas the similar qn illustration 2 it was simple and not complicated.can u xplain the difference b/w both the qns .i find them similar but the solution is confusing
latest answer
Okay sir
Nithya sree G
CA Inter
★ 0
2
218
As-15
Accountancy
answered on 23-Feb-24 13:58
Disclosures given in 1fin material didn't cover all disclosure requirements explained in video lectures. Which one should I follow?
latest answer
OK sir
sitaram kollepara
CA Inter
★ 2K+
2
237
Income
Accountancy
answered on 22-Feb-24 14:13
Here it is showing that the economic benifits in the form of decrease in liability so my question is how can it be possible that if we pay off our liability then the liability will automatically decrease but that are the obligation which we have to pay How can we consider it as Income Can anyone explain it to me
latest answer
Decrease in liability and increase in equity
Snehashis Mohanty
CA Inter
★ 35
1
399
Amalgamation of company - Illustration 15
Accountancy
answered on 13-Mar-24 14:37
I had one doubt sir, why you were not taken 10% debenture and loan from A for calculating Purchase consideration. It should be in Building 306000 Inventory 576000 Tr. Receivable 234000 Inventory 198000 Goodwill 216000 Bank 0 Less: Tr. payable (320000) 10%Deb (400000) Loan from A (160000) Net asset 650000 Therefore, B ltd will settle the payment by using cash and Equity share Cash = 600000 -Net asset = 650000 Equity share value = Rs.50000 Issue Price = Rs.125 Equity share =400 shares Amount(125*400) =Rs. 50000 If it is wrong please answer me why we were not taken the same. Thank you, sir
latest answer
The questions mentions only trade payables taken over at book value. Hence other liabilities are not considered.
Nishanth SK
CA Inter
★ 440
1
451