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AS 12

Accountancy

answered 16 hrs ago

If the asset is accounted for a nominal value of say ₹1 or ₹10 and the useful life is 10yrs, then what will be the amount of depreciation that will be charged for the useful life of the asset?

latest answer

Depreciation will not be charged as it is immaterial

Mahesh Ram

CA Inter

★ 0

GOODWILL OF PARTNERSHIP ACCOUNTS

Accountancy

answered 2 days ago

Can we write goodwill table form as working notes in the exam ( like explained in the lecture ) instead of profit sacrificing ratio will we get marks for it ? or should I just write the same way given in module

latest answer

Yes

Vijaya Lakshmi Pojula

CA Foundation

★ 2K+

Revenue recognition

Accountancy

answered on 03-May-24 07:45

Sir, if expenses are identified.we should provide in the current year..but it is given in the 3nd question that 36000 but we have to provide for 120000 sir..likewise in the 5th question sir..what is the correct answer sir

latest answer

Thank you so much..

shanthini hariharan

CA Inter

★ 6K+

As 7

Accountancy

answered on 01-May-24 21:41

Can you please explain how to solve qn 4 and 5 ?

latest answer

Thank you so much!

Ramya Sundar

CA Inter

★ 5K+

AS 15

Accountancy

answered on 03-May-24 11:10

Can someone explain this sum in simple terms

latest answer

which specific part.

Swetha S

CA Inter

★ 4K+

Branch accounts

Accountancy

answered on 01-May-24 21:15

In the stock and drs method, in stock adj a/c whether we should include the stock reserve of returned goods to HO ? Because in the ICAI module in the illustration they had included but not in the practice question. I attached the pic of the solutions

latest answer

Ohh okay, now I got where I made a mistake Thank you soo much sherli !!