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Provision for depreciation

Accountancy

answered on 26-Mar-21 12:21

If there is any balance in provision for depreciation account Do we deduct such depreciation along with current year depreciation from asset bal while preparing balance sheet

latest answer

Thank you very much sir.. Such a clear explanation..

Sai Teja

Sai Teja

CA Final

14K+

11

621

Accounting standards

Accountancy

answered on 25-Mar-21 13:19

Dear sir, Regarding Accounting, AS-10-Video 15," As Mining, Oil, Natural gas and similar assets are wasting assets and AS-10 is not applicable for this" is what sir taught, then Why are we saying that part AS-10 and part AS-2 apply for that Oil and Gas question.

latest answer

Thankyou sir.

Madhaan S

Madhaan S

CA Final

14K+

2

654

Incorporation of company

Corporate & Other Laws

answered on 25-Mar-21 11:57

Explain whether the fund will be transferred to insolvency and bankruptcy fund of government or it will be transferred to insolvency and bankruptcy fund of registered company under this section

latest answer

It's the fund formed by Government under Section 224 of the Code. Central Government will appoint an administrator to administer this fund.

GOKULA LAKSHMI

GOKULA LAKSHMI

CA Final

21K+

1

763

Doubt

Corporate & Other Laws

answered on 25-Mar-21 10:36

In question no. 3 is it necessary to write the conditions necessary to constitute valid agency or simply the provision is enough ?

latest answer

Thank you sir

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

2

609

Consolidation of financial statements

Accountancy

answered on 25-Mar-21 12:22

In practice problem 4 . In video for dividend of 20000 is added to post acquisition of 52000 then 72000 came . And then sir deducted 20000 from pre aquisition profit after time adjustment and the value came to 146000 .. instead of that can we deduct 20000 from pre acquisition ie 30000 -20000 =10000 before time adjustment then post acquisition column would be 72000 (10000-82000) .. Can we do like this . Please reply I am fully confused ..

latest answer

Thank u mam now cleared my doubt

Enuguru Sai Nithin

Enuguru Sai Nithin

CA Final

78K+

6

689

Stifle prosecution

Corporate & Other Laws

answered on 26-Mar-21 19:14

Why can't A recover coz it s a compound able offense ?? Ques 20

latest answer

Please read above paragraph carefully u will understand

Reetikaa R

Reetikaa R

CA Final

7K+

14

1K+

Fiduciary relatioship

Corporate & Other Laws

answered on 25-Mar-21 18:25

A relation with friends is also fiduciary right .there are chances to dominate

latest answer

OK sir

Reetikaa R

Reetikaa R

CA Final

7K+

11

568

Redemption of debentures

Accountancy

answered on 25-Mar-21 10:58

Whether % of DRR and DRR investment to be calculated on FV of debentures or amt to be paid to debenture holders?

latest answer

Face value of debentures !

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

1

629

Amendments

Others

answered on 24-Mar-21 21:00

Hello sir, When you will be uploading all amendments on you tube?

latest answer

Thank you sir

Neha Gupta

Neha Gupta

CA Final

4K+

4

720

Time value of money

Maths & Stats

answered on 25-Mar-21 10:22

Please solve this

latest answer

Did you try solving the question and could not arrive at the solution? If so, please share your workings so that we can assist you in solving it.

Darshan Modi

Darshan Modi

CA Foundation

9K+

2

617