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Chapter 2: Framework for Preparation and Presentation of Financial Statements
Accountancy
answered on 17-Mar-22 16:03
Can someone explain the difference between Financial Capital Maintenance at current purchasing power and Physical Capital Maintenance ? And Rs.14400 was arrived in Illu:5
latest answer
You need to consider inflation to arrive at financial capital maintenance Illustration 5 is a continuation of Illustration 4 The average price indices (inflation) given are 100 and 120 i.e. 20% increase So 12000*120%=14400 Physical capital maintenance considers the current market costs
Prethivi Rajan
CA Final
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1
519
COURSE DURATION VALIDITY RELATED
Exams
answered on 21-Mar-22 06:46
Ca Foundation course classes validity duration Till May 2022 or June 2022. Because CA Foundation exams was Postponed to June 2022...Please reply me Sir/madam
latest answer
Till June 202
Balaji K L
CA Foundation
★ 150
7
570
Drawings
Accountancy
answered on 16-Mar-22 20:48
Is interest on drawing only calculate for personal use?? Or else if drawing is done for non-personal use then interest will calculate or not?
latest answer
Very true
Rishi jain
CA Final
★ 1K+
4
450
Ratio
Financial Management
answered on 21-Mar-22 10:25
Which is correct ?? Why In ism using this formula?? Equity also includes psc ,but why in ism ,they separately also added the PSC in this ?? Total assets?? Give formula of total assets of liability side formula??
latest answer
Different bodies have different interpretations of the ratios. Its not like mathematics where we have specific formulae.
Sathiya Bama
CA Final
★ 24K+
7
546
Suggested answer for House property sum of Dec 2021
Direct Taxation
answered on 17-Mar-22 19:02
As there is no suggested answer for that House property (Q 3c )sum of DT paper Dec 2021 can I get correct answer for that to rectify / verify my answer. Kindly help.
latest answer
Municipal taxes (90% of Rs. 4,00,000) + (1,40,000 - 25,000) = Rs. 4,75,000
Santhosh Kumar
CA Final
★ 190
9
579
One person company
Corporate & Other Laws
answered on 16-Mar-22 12:50
One person company after removing complusory conversion and voluntary conversion ..... If we want to convert opc into private company in any time if we want convented .. right are any is there.....
latest answer
Please clarify your query
Kruthika Ramesh
CA Inter
★ 650
1
480
Insurance claim
Accountancy
answered on 16-Mar-22 22:29
In this I am getting closing stock in negative can some one tell how to solve
latest answer
Ok
Pandusml V
CA Final
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7
523
Doubt
Corporate & Other Laws
answered on 21-Mar-22 13:05
Answer for this question ( refer below image) is option b I couldn't understand how right to catch fish and doors and windows of the house are immovable property...? Pls clarify...
latest answer
Right to drain water is an easement right (an easement or servitude by which one man has a right to convey water in pipes through or over the estate of another) and not a right to property For e.g a neighbour can make drain water pipes pass over the adjacent land. This for ease of dwelling.
Sri kanaga Varshini
CA Final
★ 3K+
4
1K+
Equation
Maths & Stats
answered on 16-Mar-22 13:24
How can they assume it is 4(N-L)²>0 as they didn't say the nature is real or distinct
latest answer
Yes sir both 4 and (N-L)²is perfect square so real, rational and distinct and my assumption for 2,2 is not possible. Thanks a lot sir
Sugam SM
CA Final
★ 9K+
7
695
Insurance claim for stock
Accountancy
answered on 17-Mar-22 10:24
In july 2021 Question paper, why they not taken cost price of stock for abnormal item. They have taken reduced value. In book, they have taken cost price. But, why following different approach for this sum? Anyone
latest answer
Cost of abnormal item which is included in opening stock is only 13000 Total cost is 20000 but 7000 already written off
vs navin
CA Final
★ 1K+
1
531