Nitesh Bhandari (Ca Finalist Articled Trainee) (93 Points)
06 May 2010
Friends for arriving at clear profits v ve Reduce a contingency reserve of 0.25% of OC of FA from the given profits right ? General Reserve was not required since its already in excess of 8% of OC of FA
vipin bansal
(india)
(48 Points)
Replied 15 May 2010
hi i want to ask one question in electricity comp..
PRATIK.S.SHAH
(1)
(108 Points)
Replied 16 May 2010
hey guys plz tell me do we hv to multiply intangible assets by 12 for the pcc a/cts paper as it wa given monthly average..............................
Nitesh Bhandari
(Ca Finalist Articled Trainee)
(93 Points)
Replied 24 May 2010
Nope buddy..
consider every month i ve intangiable of 100 @ the end of the month
so if u workout the average it will be 1200/12=100 and u can consider it as the amount for the purpose of capital base...
so no multiplication just give an assumption that this amount is the same troughout the year and therefore average = closing
PRATIK.S.SHAH
(1)
(108 Points)
Replied 26 May 2010
SO MY FRND IF I HV MULTIPLIED IT I THINK THE WHOLE SUM GOES WRONG NO YAR..........???
CAclubindia
