Daya

what is Exceptional and extraordinary items under scheduled III of balance sheet and also provide the list of the exceptional items and the extraordinary items.


Sanjay Budhiraja
06 December 2023 at 21:58

Entry journal

Sir
Pl tell the journal entry of buy back of shares by co in books of investor...
Is this buyback considered as taxable or not.
Regards


Daya

whether fixed deposit ( Term deposit) comes under cash and cash Equivalent under scheduled III ?


sandeep
06 December 2023 at 16:12

Accounting policy for prepaid expenses

Hi All,
A Listed company has an accounting policy as follows.
"Expenses more than 1Cr are only considered as prepaid and amortized, all other expenses are charged to P&L."
Is this allowed ? If so, do we have a reference in any standard or guidance note ?


Kollipara Sundaraiah
06 December 2023 at 15:55

Cash shortage f.y.23-24

Sir,
If a professional income it person account records up to date f.y.23-24. some dates cash shortage (nagative) show in books.
Question:
How the procedure source of cash generated (nagative) adjustment in books.


ramya
05 December 2023 at 14:36

VEHICLE DUE & INTEREST REG-

School van was purchased through finance, how to entry the due amount with interest in tally.? for ex: Due amount was Rs.20000 & interest was Rs.10000. In tally single entry system, i made entries in payment voucher like, accounts - bank a/cs (credit ); ledger- finance due (debit )-20000 ; interest (debit)-10000; in total 30000/-. is that right.?


Keerthija
05 December 2023 at 12:52

AS 3- Cash flows

When accounting for an investment in an associate or a subsidiary or a joint venture, an investor restricts its reporting in the cash flow statement to the cash flows between itself and the investee/joint venture, for example, cash flows relating to dividends and advances. what does restrict mean?


Daya

what would be the accounting group of security deposit of rent received.


KIRPAL

F&O trade dated 30 March 2023 / 31 March 2023 is billed on 01 Apr 2023 for Rs. 278500 (gain).

Is this gain amount is related to FY 2022-23 or FY 2023-24.

Kindly explain.


Daya

what come under short term investment under current assets.





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