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MCQ 3- 8th Question
Accountancy
answered on 01-May-25 16:43
The question is-Following events occured at D Ltd between 1st Jan 2017 and 30th June 2017. FY 17 ended on Mar 31, 2017 and Board Meeting to approve accounts was scheduled on June 30th 2017. IDentify the events correctly. Amount of Rs 3 Lacs wrongly debited to Debtor Account when it should have been debited to Marketing Expenses. Event occured on March 31st and the financials were finalised as such and it was detected on May 30th The given answer is Ordinary Event for FY17. Isn't this an adjusting event, since the event(detection of an arror) happened after the balance sheet date and before the approval of FS?
latest answer
adjusting and ordinary
V V
CA Inter
★ 3K+
1
174
MCQ 7th Question
Accountancy
answered on 05-May-25 09:38
MCQ 2-7th Question- All the answers are not a change in Accounting policy, right? Please clarify
latest answer
Please send us the question
V V
CA Inter
★ 3K+
1
207
MCQ Test 1
Accountancy
answered on 14-May-25 12:38
There is a question on identifying the event. The question goes this way- In FY18 X Limited realized that it had incorrectly disclosed in its FY17 Balance Sheet, the loan balance of Rs 10 Lacs when it was Rs 11 Lacs. The difference of Rs 1 Lacs was wrongly classified as Sundry Creditors. How is the adjustment disclosed in FY18? The answer given- It is an ordinary item of exceptional nature. But isn't this a prior period item, since the error occurred in the preparation of Financial Statement, in the previous year?
latest answer
Thank you
V V
CA Inter
★ 3K+
2
205
Interest payable
AFM
answered on 01-May-25 13:25
Sir, I'm assuming the second part of the question is a cap option, if yes why are we not substituting the benefit from cap option(Rs.46,00,000) with interest payable.
latest answer
understood sir.👍
Nitin Raj
CA Final
★ 270
7
172
Gst on bikes
Indirect Taxation
answered on 02-May-25 11:38
Can we claim input on gst paid for bike purchased which is used for business purpose
latest answer
Yes
Ramya Telikicherla
CA Final
★ 6K+
1
189
Accounts exam
Exams
answered on 01-May-25 23:56
In accounts exam we need to draw the lines for Proforma with scale or without using scale??
latest answer
Okay sir thank you
M Pavan
CA Foundation
★ 290
2
297
Business COmbinaiton - Pooling of interest method
Financial Reporting
answered on 30-Apr-25 20:51
Sir in the LDR 103 , its highlited that Assets other than cash at FV, Assets in Pooling method done at BV right ?, I have attached image
latest answer
For purchase consideration assets transferred- at Fair value Assets acquired at book value
Hemachandra D
CA Final
★ 9K+
1
165
Pre tax income
Financial Management
answered on 30-Apr-25 20:16
Terminology pre tax profit means pbt (we thought EBIT -int in exams also sir) that results different answers
latest answer
Pre tax can be pre EBIT or PBT depends on the question
anju B
CA Inter
★ 21K+
1
204
General clauses or interpretation which is more important in exam point of view
Corporate & Other Laws
answered on 01-May-25 00:22
General clauses or interpertation are important
latest answer
Both have 3-4 MM weightage each and both come in the exam every time.
Nandhana K s
CA Inter
★ 0
1
220
CA inter exam doubt
Accountancy
answered on 30-Apr-25 18:42
For accountancy can we first attempt part 2 and then part. 1 or it is mandatory the otherwise.
latest answer
Any order is fine
Dova Shaji
CA Inter
★ 520
1
231