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Increase in inventory to be reduced in total expenses-illust 1 preparation of FS
Accountancy
answered on 23-Jan-24 11:52
WHy is increase in inventory added in total expenses?It should be reduced right since it will be credited to cost of good sold?
latest answer
okay
Nayana Kowshik
CA Inter
★ 120
2
334
Accounting Process
Accountancy
answered on 26-Jan-24 16:31
TRUE OR FALSE Is ledger an account? False, explanation: Ledger is not an account. It's a book (i.e) secondary book of accounting where accounts are recorded? IS THIS CORRECT??
latest answer
When we say ledger its a book. However, its an outdated concept because most accounts are maintained online.
Nidhi S
CA Inter
★ 4K+
4
373
Acccounting for operating lease
Accountancy
answered on 26-Jan-24 16:32
how the npv 10 % is calculated
latest answer
Using the concept of IRR
Vijay Ajith
CA Inter
★ 4K+
1
288
Presentation
Accountancy
answered on 19-Jan-24 18:38
Sir/Ma'am, suppose in the question the trial balance is given in thousands or lakhs. But I find it very confusing and usually tend to make mistakes. So, is it ok if the answer is not in the way they've given the question or is it compulsory for me to follow the same, that is, present in the form of thousands or lakhs. Please do clarify, thanks..
latest answer
Ok sir thank you 😊
Amirtha Kannan
CA Inter
★ 295
10
511
As15 leave salary
Accountancy
answered on 19-Jan-24 18:32
I had a but confusion about this Example Say 1yr = 30days leave allowed Say year = Jan - Dec MrZ working since 1/1 to Nov without taking a single day off Can MrZ take 30days off from 2/12 ? I mean from 2/12 to 31/12
latest answer
Thank you so much Sir It’s helpful
Sushmita Chowdhury
CA Inter
★ 2K+
4
368
doubt in secound year
Accountancy
answered on 26-Jan-24 16:44
how 4800 multiplied by 3.5 and 2.5 4800 how it came
latest answer
Ok thank you sir
nive krish
CA Inter
★ 255
2
338
Impairment of loss
Accountancy
answered on 16-Jan-24 13:07
Why can't you allocate goodwill to smaller CGU in illustration 2 in top down approach
latest answer
Because we cannot determine at smaller CGU>
Akshaya Devaraj
CA Final
★ 8K+
1
152
Capital Introduction asset or liability
Accountancy
answered on 16-Jan-24 13:07
How is it an asset?It is added to the capital which appears on liability know?
latest answer
One side Capital Other side Asset (Double entry)
Nayana Kowshik
CA Inter
★ 120
1
332
Asset
Accountancy
answered on 16-Jan-24 13:08
What if advance salary is paid on request to the employee when he is in the notice period to resign?How will that be recognized?
latest answer
If recoverable - Asset Other wise expense.
Nayana Kowshik
CA Inter
★ 120
1
373
Buyback
Accountancy
answered on 16-Jan-24 13:47
What is the meaning of this note
latest answer
you can use other free reserves or securities premium account.
Atharv Sankliya
CA Final
★ 3K+
1
342