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AS 13 - right issue - renouncement of rights
Accountancy
answered on 19-Aug-24 10:24
If we are selling the right issue to other person without purchasing the share then why should we credit the investment of equity share acount. We haven’t make any impact previouly. (i.e. Purchase of investment entry)
latest answer
Generally after a rights issue, the price of share would fall down. So if the price falls down, it is appropriate to reduce it from the cost of shares.
Akshaya Sridhar
CA Inter
★ 1K+
1
262
Rectification
Accountancy
answered on 19-Aug-24 10:31
Goods worth Rs.1000 were sent on sale or return basis to a customer and entered in the sales book.At the close of the year, the customer still had the option to return the goods.The sale price was 25% above cost. Then what is the cost of the goods & how is the sale price 200.
latest answer
Cost - 100 Profit - 25 ------------ Sales - 125 Profit percentage is 25% on cost i.e. 25/100 which is 20% on sales i.e. 25/125
Aamina Muneera
CA Foundation
★ 1K+
5
505
IND AS 36
Financial Reporting
answered on 19-Aug-24 17:01
SIR, IF WE PROVIDE SEGMENT INFORMATION, SHOULD WE DISCLOSE A CGU WITH AN IMPAIRED CLASS OF ASSET AS REPORATABLE SEGMENT, I CAN'T UNDERSTAND THIS PART SIR.
latest answer
While providing segment information, you should disclose if a reportable segment has an Impaired CGU. Dont stress too much on disclosure requirements.
Umayal Lakshmanan
CA Final
★ 6K+
1
171
P2P lending
AFM
answered on 18-Aug-24 19:25
Hi sir, is peer to peer lending is a loan,
latest answer
Yes a loan taken from an individual
R Yashwanth Kumar
CA Final
★ 87K+
1
344
working capital management
Financial Management
answered on 22-Aug-24 13:32
why the working note for no. of units to be sold in ICAI material page 9.34
latest answer
It has not been used in the solution. If you look at our videos and our solution, we have not computed it
Muhammed Salih
CA Inter
★ 18K+
3
275
How to remember
Strategic Management
answered on 24-Aug-24 16:18
How can we remember what we read for the theory subjects. When I read I remember but after sometime I need to glance one time to remember that topic for sometime and it's every time I start revising
latest answer
Already doing and today good position I am now I happy
Renu Ka
CA Inter
★ 9K+
3
325
Rectification of error
Accountancy
answered on 19-Aug-24 17:10
Why income is shown in liability side
latest answer
Income has a credit balance and is shown on credit side of profit & loss account.
Sathya S
CA Foundation
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1
279
Corporate restructuring
Financial Reporting
answered on 19-Aug-24 17:06
Is corporate restructuring applicable for Nov 2024? Or only business combination?
latest answer
Yes.
Shivasubbramaniam Arumugam
CA Final
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1
228
TAX BASE-0 & CARRYING AMT-20
Financial Reporting
answered on 22-Aug-24 16:34
At 5.27 minute u mentioned as tax base-20 & carrying amt -0 ,but it should be the reverse,ryt?
latest answer
The updated video is uploaded
Bharath sha
CA Final
★ 37K+
2
195
AS 7
Accountancy
answered on 20-Aug-24 09:08
ICAI material Pg no.8.27 4th and 5th MCQs explanation?
latest answer
In 4th MCQ revenue to be recognized based on work certified as given in the question. So, the answer is 320Lakh In 5th MCQ the total expenses are the cost incurred till date i.e., 360Lakh
Monika T
CA Final
★ 7K+
1
236