powered by logo

Forums

Insurance claim Received

Accountancy

answered on 30-Oct-22 12:00

Last Year we had Booked Total loss of 20,000rs due to Fire and current year we have received insurance Claim of 15,000 sir How to account insurance claim received.

latest answer

Last year we Did not know that Claim will Receive so transferred total Loss to p and L AC and Current Year we had received Claim, can we book that claim as income in current year, Whereas if we know at last year we could have net off with loss and Debit the Expense after Net off .Am i crct in taking claim as income

M Naresh

M Naresh

CA Final

3K+

2

442

Inventory presentation

Accountancy

answered on 29-Oct-22 19:41

Should we present questions from inventory in the format given in the study material ( attachment 1) or it may be written in trading a/c and derive the answer as taught in the class( attachment 2)...the answer is same in both the cases

latest answer

Thank you both

Yamuna S

Yamuna S

CA Inter

15K+

6

448

Revision videos

Economics

answered on 29-Oct-22 20:15

I need a small clarification. There was a revision marathon in May 22 attempt for Economics. Can u pls tell me where I can see the video? I couldn't find it in the course .

latest answer

Yeah ok. Thank u ð???

Be The Change

Be The Change

CA Inter

11K+

12

571

Attempt

Exams

answered on 29-Oct-22 19:35

If we register for exam and if we don't attend the exam ,will that be considered as an attempt ?

latest answer

Thank you soo much bro

Deborah Susaiyappan

Deborah Susaiyappan

CA Inter

8K+

18

566

Risk analysis

Financial Management

answered on 30-Oct-22 21:01

What dies unleavened value of project mean?

latest answer

Project funded only by equity

pradyumna hariramani

pradyumna hariramani

CA Inter

290

2

557

AS 11

Accountancy

answered on 29-Oct-22 21:24

Why depreciation is not written in converted trail balance as. Dr item

latest answer

Okay

Subramanyam N

Subramanyam N

CA Inter

6K+

6

476

Ca inter audit

Auditing

answered on 03-Nov-22 15:30

Important audit standards for nov 22 ca inter plz

latest answer

Thanks

Manchala Aruna

Manchala Aruna

CA Inter

780

3

736

Risk analysis

Financial Management

answered on 31-Oct-22 17:31

In this Question they have asked to measure which factor is most sensitive to change in cost ofnproject ,recurring cost, savings. But they haven't mentioned by what % of change.Instead they have taken Npv and used it to measure sensitivity.What does it mean here measure sensitivity of the project such that npv =0?

latest answer

There is no % change current NPV is 491 when cost is 1000 is cost becomes 1491 NPV becomes 0 = so cost increased from 1000 to 1491 i.e 49.1 % increase - that is how it is worked for all cases

pradyumna hariramani

pradyumna hariramani

CA Inter

290

5

556

Profit prior

Accountancy

answered on 29-Oct-22 19:26

How to find purchase price ratio in thiz question

latest answer

Ok

PANTH PANCHOLI

PANTH PANCHOLI

CA Inter

4K+

4

386

Source of preparation

Direct Taxation

answered on 29-Oct-22 18:33

So I have bought DT class for May 23 ..how should I approach the class should I take running notes? Or after every class I can refer the pdf notes ?

latest answer

No mention bro

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

13

520