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Bad and Doubtful debts
Accountancy
answered on 21-May-22 10:22
why does Provision for Doubtful Debts appear on Cr side of P&L Account
latest answer
Pls go through the video lectures. it has been explained in dept in the classes
Ratnasri N
CA Foundation
★ 0
8
878
Supply
Indirect Taxation
answered on 21-May-22 10:30
Which of the below statements is true 1) For Goods supply is Date of invoice or date of payment whichever is earlier 2) For Goods Supply is Date of invoice ( applicability for may 2022 exams )
latest answer
In case of goods, time of supply is given by Section 12(2). After amendment, time of supply is date of invoice. No need to pay GST on advance received. Date of invoice mean actual date of invoice or the date on which invoice is ought to have been issued as per Section 31 whichever is earlier.
Sai Theja
CA Inter
★ 3K+
6
439
Dividend decision
Financial Management
answered on 20-May-22 20:25
why we say that.... price of share is discounted value of future cash flows...?
latest answer
Can you elaborate your doubt
PANTH PANCHOLI
CA Inter
★ 4K+
2
433
As 4
Accountancy
answered on 20-May-22 21:52
Subpoint 2 is a non adjusting event right?
latest answer
Yes
pradyumna hariramani
CA Inter
★ 290
4
404
As 4
Accountancy
answered on 20-May-22 22:31
This non adjusting event will become adjusting event because it affects the entity or substratum of the entity ,going concern basis of accounting,right?
latest answer
Yes
pradyumna hariramani
CA Inter
★ 290
3
392
AS-29
Accountancy
answered on 21-May-22 16:35
Pls confirm whether the answer to this question is correct or not
latest answer
No worries.
Sri Ram T
CA Final
★ 13K+
12
468
As 26
Accountancy
answered on 20-May-22 19:41
In question 12.10 , subqueation 1&4 ,1 is treated as an intangible asset but 4th case is debited to p&l account 50 lakhs.In first case the legal expense will indirectly result in future economic benefits but isn't it same as in 4th case, marketing expense will also lead to future economic benefits and should be recognized as an Intamgible Asset. In 3rd case , Co, wants to capitalize 25 lakhs by disclosing it as a prior period item.What does prior period item have to do with this?Now,that it has met the recognition criteria ,why shall we not recognize it as an intangible Asset.
latest answer
And in the 3rd case, as per AS-26 when an expenditure on an intangible asset is already charged to P&L a/c it cannot be reversed and recognised in the C.Y even if it meets the recognition criteria and in this case the company wants to capitalize it as a prior period but prior period items are income or expenses which arise in the current period as a result of errors or omissions in the F.S of one or more prior periods and the 25L expenditure is not an error or omission
pradyumna hariramani
CA Inter
★ 290
2
432
Inter
Exams
answered on 20-May-22 17:53
My intermediate 1st attempt is may 2022. When is my 2nd attempt ? Nov 2022 or may 2023
latest answer
Nov 22
Praveen Kumar
CMA Inter
★ 3K+
1
520
Bank audit
Auditing
answered on 20-May-22 17:35
In case of advances under consortium, when to treat as NPA(borrower not paid to lead bank or lead bank not paid to member bank).
latest answer
Yes
Sairam Reddy
CA Final
★ 10K+
8
645
Partnership acc
Accountancy
answered on 20-May-22 19:16
In this questions , drawings acc means wat shd I assume??
latest answer
Yes it is mistake in old SM. It is 5000pm in new SM
Reetikaa R
CA Final
★ 7K+
5
457