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AS-29
Accountancy
answered on 21-May-22 16:35
Pls confirm whether the answer to this question is correct or not
latest answer
No worries.
Sri Ram T
CA Final
★ 13K+
12
418
As 26
Accountancy
answered on 20-May-22 19:41
In question 12.10 , subqueation 1&4 ,1 is treated as an intangible asset but 4th case is debited to p&l account 50 lakhs.In first case the legal expense will indirectly result in future economic benefits but isn't it same as in 4th case, marketing expense will also lead to future economic benefits and should be recognized as an Intamgible Asset. In 3rd case , Co, wants to capitalize 25 lakhs by disclosing it as a prior period item.What does prior period item have to do with this?Now,that it has met the recognition criteria ,why shall we not recognize it as an intangible Asset.
latest answer
And in the 3rd case, as per AS-26 when an expenditure on an intangible asset is already charged to P&L a/c it cannot be reversed and recognised in the C.Y even if it meets the recognition criteria and in this case the company wants to capitalize it as a prior period but prior period items are income or expenses which arise in the current period as a result of errors or omissions in the F.S of one or more prior periods and the 25L expenditure is not an error or omission
pradyumna hariramani
CA Inter
★ 290
2
386
Inter
Exams
answered on 20-May-22 17:53
My intermediate 1st attempt is may 2022. When is my 2nd attempt ? Nov 2022 or may 2023
latest answer
Nov 22
Praveen Kumar
CMA Inter
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1
484
Bank audit
Auditing
answered on 20-May-22 17:35
In case of advances under consortium, when to treat as NPA(borrower not paid to lead bank or lead bank not paid to member bank).
latest answer
Yes
Sairam Reddy
CA Final
★ 10K+
8
607
Partnership acc
Accountancy
answered on 20-May-22 19:16
In this questions , drawings acc means wat shd I assume??
latest answer
Yes it is mistake in old SM. It is 5000pm in new SM
Reetikaa R
CA Final
★ 7K+
5
411
Amalgamation
Accountancy
answered on 20-May-22 14:28
How debenture adjustment calculated here ?
latest answer
Thanks bro...
Madhaan S
CA Final
★ 14K+
5
597
As 5
Accountancy
answered on 20-May-22 15:00
In question 2.11 ,subpart 2 &4 how are they not a change in accounting policy.?
latest answer
Thanks ,understood!
pradyumna hariramani
CA Inter
★ 290
5
418
Mock Test
Others
answered on 23-May-22 10:48
Prior to how many days are ICAI mock test conducedâ?¦. For Nov 22 attempt when it will be conductedâ?¦.
latest answer
Okay Sir
Swetha S
CA Inter
★ 15K+
3
387
Working capital
Financial Management
answered on 20-May-22 12:04
In 10 th sum Explain part b , how acc receivable , inventory are calculated? I cannot understand Why they mentioned A/R= sales in March *.8+ sale in Feb*.1 How they calculate. 0.8,0.1 in account receivable And in inventory also how they multiplying 0.6 with sales??
latest answer
Ok
Sathiya Bama
CA Final
★ 24K+
11
490
Budgetary control
Costing
answered on 20-May-22 11:22
Kindly someone tell how wage rate per month is Rs.1000 and Rs.800
latest answer
Thank you... sorry I didn't see that
Sundar Rajan
CA Inter
★ 85
7
405