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Accounting for ESOPs

Accountancy

answered on 18-Jul-20 11:53

ILLUSTRATION 6 Is it not required to transfer the unvested lapsed options to the general reserve account at the end of financial year in journal entry?

latest answer

It is required

Kumar Sarthak

Kumar Sarthak

CMA Final

12K+

1

711

AS7

Accountancy

answered on 18-Jul-20 11:40

"Outcome of the contract cannot be estimated" What does it mean? Does it mean that: the revenue from such cannot be measured?

latest answer

Yes. Nevertheless, it may be probable that the enterprise will recover the contract costs incurred. Therefore, contract revenue is recognised only to the extent of costs incurred that are expected to be recovered.

lakshmi kollipara

lakshmi kollipara

CA Inter

1K+

1

682

Regarding error in puchased module video

Others

answered on 18-Jul-20 09:15

I have purchased individual modules for direct taxation and video is not opening...error is showing plzz solve this issue as soon as possible

latest answer

Please email technical issues to support@indigolearn.com and we shall resolve them

Abhilasha singh

Abhilasha singh

CA Inter

5K+

1

577

AS7

Accountancy

answered on 18-Jul-20 12:40

Can the costs incurred to secure a contract be treated as contract costs?

latest answer

cost incurred in securing a contract is basically incurring cost to get a contract. It could be for getting documents or any bonds etc

lakshmi kollipara

lakshmi kollipara

CA Inter

1K+

5

662

Audit

Auditing

answered on 17-Jul-20 16:49

Is there any separate procedure required for audit of temples?

latest answer

Tnq..

Gomathi K

Gomathi K

CA Final

40K+

2

710

Query

Others

answered on 18-Jul-20 13:02

Sir you kept a ca foundation scholarship but I paid the fees before my result Is there any use if I upload my 12th marksheet now

latest answer

You purchased 2 months before the scheme was launched. Offers / scheme are run for specific time periods. We have several 100s of students who have purchased foundation with us. Some of the students purchased when there were some offers / scholarships and a lot of them without any offers / scholarships - Regret we cannot make exceptions

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

3

625

Subsidary books

Accountancy

answered on 17-Jul-20 16:15

What is diff between Lf and Jf

latest answer

Journal folio and ledger folio - JF refers to Journal Folio : The page number of a particular transaction in the Journal Book. LF is the Ledger Folio:- It refers to the page number of ledger on which that particular account is. JF refers to Journal Folio:- It refers to the page number on which transaction is made in journal book.

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

1

826

Subsidarybooks

Accountancy

answered on 17-Jul-20 16:17

What is diff between writing journal entries and posting into ledger and writing in subsidary books then posting into ledger

latest answer

subsidiary books are for sales and purchases. but journal books has other than subsidiary books transactions

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

1

608

Calculator

Others

answered on 17-Jul-20 09:47

Sir, Which is the best calculator for CA students?

latest answer

Thank you Sir

Swetha S

Swetha S

CA Inter

15K+

2

772

Charge of gst

Indirect Taxation

answered on 19-Jul-20 22:34

Notification No.2/2019 Eg:- if a person is supplying services,whose aggregate turnover 30 lakhs in the preceding financial year 2019-2020 Then, the financial year 2020-2021 he/she is eligible for this notification But if for example, then in the year 2021-2022 turnover exceeds 5000000 . In this case is he/she eligible for this notification for the supplies upto 5000000 lakhs made in that year or does he/she becomes not eligible for the entire supplies made in that year ?

latest answer

Thax

Swathi Krishna

Swathi Krishna

CA Final

8K+

6

797