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Branch accounts (debtors method)
Accountancy
answered on 04-Oct-23 14:51
In branch account that head office (HO)creates, we show liabilities given to branches on CR.side. the ques is why does HO gives its liabilities to the branch? why would branch be interested in taking HO's liabilities, if they are taking HO's assets that makes sense that they need it to operate, but why would they take liabilities and pay them off on behalf of HO?
latest answer
branch may use cash generated to directly settle the liabilities.
Garima Bhargava
CA Inter
★ 185
1
382
AS 1
Accountancy
answered on 04-Oct-23 15:44
Can someone explain this in simpler terms?
latest answer
Okay Sir
Soon to be CA
CA Inter
★ 4K+
3
494
October 2022 Mock test Financial reporting
Financial Reporting
answered on 04-Oct-23 17:26
Question 2 (b) An Indian entity, whose functional currency is rupees, USD denominated bond at its fair value of USD 1000. I want to know in video lecture whether this type of problem is solved. It will be helpful to me
latest answer
This is based on Ind As 109 and Ind As 21. Have you completed both?
swaminathan sundaram
CA Final
★ 110
1
493
Audit report
Corporate & Other Laws
asked on 02-Oct-23 13:11
The provision wrt this qsn has been attached No where it’s mentioned about REPORTING 1ST (highlighted) Pls explain just that part in the answer
latest answer
No answers yet!!
Sushmita Chowdhury
CA Inter
★ 2K+
0
435
Supplement audit report
Corporate & Other Laws
answered on 03-Oct-23 11:38
Highlight meaning = Does that mean CAG can conduct supplement audit as many times ?
latest answer
Thank u
Sushmita Chowdhury
CA Inter
★ 2K+
2
430
doubt
Indirect Taxation
answered on 17-Oct-23 23:51
Can someone explain the question Which concept has been applied and explanation as well
latest answer
Section 10(1) will not apply. However, provisions of Section 10(2A) would apply.
Balachandar S
CA Inter
★ 59K+
13
569
3 sector economy
Economics
answered on 03-Oct-23 12:44
sir in illustration 39 - in sub question (b) Government expenses and leakages in Three-sector economy, Y is given 15L, C (consumption) we computed 3.6L and in computation of leakages ( Savings & Taxes ) we computed total leakages as 7.5 lakhs ( S- 7L & T- 0.5L ). In 3 sector economy , AD= AS(Y) => C+I+G = C+S+T = Y = C+S+T and here the Y is 15 lac , C, S, T 3.6, 7 and 0.5 respectively , that is not matching to the equilibrium income, please correct if there any misconception in this my side sir
latest answer
sir please give explanation, Y = C+S+T , but when we solving the sub question (b) the total of C+S+T doesn't match with the equilibrium income (Y)
Muhammed Salih
CA Inter
★ 18K+
2
491
Capital Maintenance
Accountancy
answered on 04-Oct-23 15:04
How is the value ₹14400 obtained?
latest answer
18000/2.5*2
Soon to be CA
CA Inter
★ 4K+
1
469
May 2024
Accountancy
answered on 02-Oct-23 10:30
Is there any possibility of asking such theoretical questions in the exam? Which is provided in the study material?
latest answer
Yes
Soon to be CA
CA Inter
★ 4K+
7
450
Capital gain
Direct Taxation
answered on 05-Oct-23 20:38
Can anyone explain me in simple terms ..im getting confused with it..
latest answer
In case of Units which are not listed as on that date, Net asset value of that unit is considered.
Annamalai a
CA Inter
★ 0
4
494