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Charitable hospital disclose in balance sheet

Accountancy

answered on 24-Feb-23 20:30

If a company has a charitable hospital so under which head it is to be disclosed in balance sheet

latest answer

Ok means achieving the objectives of company is considered as return on investment (other benefits)

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

34

690

Material

Costing

answered on 10-Feb-23 08:46

Why Ism taken 5 units @5.75 because question given as material from M&Co?

latest answer

Where has it been shown that it is taken at 5.75

Kamal Kumar

Kamal Kumar

CA Inter

7K+

2

478

FIND THE SOLUTION

Corporate & Other Laws

answered on 11-Feb-23 01:00

Mr. P draws a bill of exchange of 75,000 on Mr. Q, who accepts the same and returned to former. Later Mr. P endorsed the instrument in favour of Mr. R in settlement of an amount of 60,000 payable to him after recording the fact on the back of the bill that 15,000 has been received by Mr. P as a part payment of the bill. On maturity, Mr. R presented the bill for payment but it was dishonored. Discuss whether the endorsement of the bill by Mr. P to Mr. R is valid as per the provision of the Negotiable Instruments Act, 1881.

latest answer

MR AJ

TARGET CMA

TARGET CMA

CMA Inter

1K+

5

652

AS-13

Accountancy

answered on 09-Feb-23 22:15

Does AS-13 include investment in share of sec 8 company??

latest answer

Yes

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

7

488

Ind AS 23

Financial Reporting

answered on 15-Feb-23 14:43

In Illustration 14, we can also assume the expense of 54L for advance is not related to acquiring Qualifying assets and hence we cannot capitalise such expenditure?

latest answer

The overall context of question is for modernisation and also the dates point to the same. We can assume that these are separate assets and not qualifying, but that would be extreme assumption in this context.

Himanshu Somani

Himanshu Somani

CA Final

97K+

5

466

Ratio analysis - Trading and balance sheet

Financial Management

answered on 09-Feb-23 18:09

In this question Why we're writing closing stock of Finished goods only in balance sheet But Not on the credit side of the trading ac?

latest answer

Thank you

Vijay Ramesh

Vijay Ramesh

CA Final

985

4

460

Answer of YTM method

Financial Management

answered on 09-Feb-23 22:52

Sir, in Ch 4, while calculating Kd using YTM method, I got the answer as 6.18%, but the book answer is 6.45%. Is the difference due to approximation allowed? Will I get marks if my answer is nearer to the suggested answer?

latest answer

its depends on examiners , most of the times difference between your answer and suggested answer is negligible then allot marks otherwise you wont get marks

Varshaa M

Varshaa M

CA Final

35K+

1

396

Competitive advantage

Electives - Final

answered on 11-Feb-23 11:24

1)Paper 6F is a mixture of all subjects. Can we get competitive advantage from 6F? 2)Paper 6A, Banking insurance industry most preferred this. Is it similar to FRM and Actuary? 3) Paper 6B Finance domain, market trends.To some extent similar to CFA.Can we get leverage? Please Guide

latest answer

Sure. All the best

Mansha Tutlani

Mansha Tutlani

CA Final

555

8

498

Sir I am able to complete only 60 percent paper mark not able to complete paper in 3 hour maths and law and account and eco able to attempt 85 to 90 percent paper only not able to complete paper in time some suggestions sir

Exams

answered on 10-Feb-23 22:34

Sir

latest answer

Thanks all u always motivated me to study

R K

R K

ACCA Skill

9K+

7

439

Adv. Accts Partnership accts.

Accountancy

answered on 11-Feb-23 20:13

In study material pg2.30. Hows Yash and Tanish capital adjustment calculated

latest answer

Balancing Figure to close the account.

Sindhu Machado

Sindhu Machado

CA Final

0

1

384