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Ca final
Others
answered on 18-Aug-20 19:12
When will be ca final classes uploaded in 1 fin app
latest answer
Will get one soon.
Nagendrababu Babu
CA Inter
★ 2K+
4
650
Partnership
Accountancy
answered on 18-Aug-20 13:29
In page 2.94, Illustration 8 while finding purchase consideration, all the assets and liabilities are taken over rite so why can't we find using net assets approach like all assets - liabilites
latest answer
Purchase consideration is the consideration received on selling the company. The Net Assets approach is taken when the information about the purchase consideration is not available. But here, in this question, it is clearly stated that Prabhu & Co. are receiving 25,000 equity shares of Rs.10 each at a premium of Rs.2 per share. So since the amount of purchase consideration is directly given, Net Assets approach is not considered.
Swathi Krishna
CA Final
★ 8K+
1
736
Individual modules
Others
answered on 18-Aug-20 06:16
Sir, when will individual modules offer come ?
latest answer
Next week.
Swathi Krishna
CA Final
★ 8K+
1
594
Redemption of Preference Shares
Accountancy
answered on 19-Aug-20 21:11
Can we follow any sequence of Journal Entries since date is normally not given... like booking liability of PS Holders in first entry and paying them in Last entry ?
latest answer
Preference share capital account dr To Preference shareholders account cr ( being booking liability ) Preference shareholders account dr Bank account cr ( being payment to PS holder)
J J
CA Final
★ 180
3
678
AS 7
Accountancy
answered on 18-Aug-20 13:08
What is meant by Retentions?
latest answer
Contract revenue shall include initial amount agreed on the contract, retention money, claims, incentive payments and variations, if any. Retentions are amounts of progress billings which are not paid until the satisfaction of conditions specified in the contract for the payment of such amounts or until defects have been rectified. Progress billings are amounts billed for work performed on a contract whether or not they have been paid by the customer. Once the conditions are satisfied and defects are rectified (if any), the retention amount is paid off.
Gomathi K
CA Final
★ 40K+
1
646
Doubt
Auditing
answered on 27-Sep-20 12:46
Sir in one the standards of auditing u had explained about the relationship between audit risk nd materiality.. Can i know which one is it.
latest answer
Audit risk is inversely proportional to materiality. High materiality ,less checking and evidence and vice versa.
Shru Kanda
CA Inter
★ 610
3
665
Process costing
Costing
answered on 19-Aug-20 11:52
Did we calculate Normal loss % on inputs of the each process , if nothing is specified ?
latest answer
Thank you ma'am
Srini Sriram
CA Final
★ 4K+
2
657
Financial Statement
Accountancy
answered on 18-Aug-20 22:57
Preliminary expenses if given in adjustment , what will be the impact in the financial statement ?
latest answer
Thank you ma'am
Srini Sriram
CA Final
★ 4K+
4
583
Process costing
Costing
answered on 20-Aug-20 22:17
We transfer abnormal gain to costing p&l account in the actual amount of abnormal gain . Is abnormal loss also treated to be the same ? That in this sum , 75 units of abnormal loss transfered in P&L in the same manner , of which abnormal gain transfer ?
latest answer
Thank you ma'am
Srini Sriram
CA Final
★ 4K+
4
844
Permutation and combination
Maths & Stats
answered on 17-Aug-20 14:01
Are phone numbers generated using this concepts
latest answer
Phone numbers are an example of permutations.
Prasanth Kumar
CA Inter
★ 13K+
1
622