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Disclosure in P/L a/c

Accountancy

answered on 20-Mar-23 09:52

Why we disclose gain or loss in P/L a/c ,if the fixed asset sold? Because it is capital nature.

latest answer

But it represents profit earned by the enterprise.

Kamal Kumar

Kamal Kumar

CA Inter

7K+

1

359

Trading of agricultural products

Accountancy

answered on 20-Mar-23 09:53

Does trading of agricultural, livestock and forest products are included in the scope of AS-2 ?

latest answer

If the business is purchase and sales then they are not producers. Hence AS-2 is applicable.

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

3

403

Deposits

Corporate & Other Laws

answered on 20-Mar-23 14:04

If any amount received as unsecured loan from the member will be considered as deposits?

latest answer

Yes, its deposit provided it does not fall in any of the exceptions given in Rule 2 of Companies (Acceptance of deposits) Rules, 2014

Kamal Kumar

Kamal Kumar

CA Inter

7K+

1

446

Consolidation

Accountancy

answered on 20-Mar-23 09:53

Can anyone send me the Analysis of profit for this sum?

latest answer

Which part in AOP are you finding difficulty.

Naveen Vs

Naveen Vs

CA Inter

470

1

395

General

Others

answered on 17-Mar-23 22:26

I’m writing may exam… I have. One chapter in income tax and law left.. other than that I’ve finished all portions .. should I revise the textbook again or should I start doing question papers starting from now

latest answer

Do questions, plus mocks and revision from notes. While revising no need to everything in detail all again

SANSKRITI BADRI 2111339

SANSKRITI BADRI 2111339

CA Final

4K+

2

448

Departmental account

Accountancy

answered on 20-Mar-23 09:54

Can anyone solve this

latest answer

What is your doubt in the question/

Rifhat Khan

Rifhat Khan

CA Inter

28K+

1

361

Investment decision July 21 exam question

Financial Management

answered on 17-Mar-23 23:41

Hi, in the below problem, why we are adding wdv of old machine while calculating depreciation base of new machine?

latest answer

hello, once you watch the third vedio in cost of capital so that you get clarity and ytm is not asked in IFIN material so, sir cal. using formula.

Pravin Nesaraj

Pravin Nesaraj

CA Inter

32K+

3

517

Investment is valued at global basis or individual basis

Accountancy

answered on 17-Mar-23 14:55

Investment in share of particular company purchase at different prices are valued on which basis - global or individual

latest answer

Ok sir

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

2

374

Material used in rendering service

Accountancy

answered on 17-Mar-23 15:14

Does material used in rendering service are considered as inventory

latest answer

Yes

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

1

365

Sugar cane as a inventory

Accountancy

answered on 17-Mar-23 15:16

Does sugar cane plant is considered as inventory or PPE

latest answer

Yes.

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

3

504