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Bank Reconciliation system
Accountancy
answered 2 days ago
We are paying to bank so it is credited in our book why is the bank noting it as debit
latest answer
It depends on whether you are taking base as cash balance or bank balance
Radha P
CA Foundation
★ 0
1
15
How to decide depriciation rate for fixed asset in case of wdv method(as per books)
Accountancy
answered on 14-May-26 17:30
Sir ,How to decide depriciation rate for fixed asset in case of wdv method(as per books)
latest answer
Based on the useful life of the asset and the residual value you can decide the depreciation rate.
Rajesh Mutyala
CA Inter
★ 6K+
1
30
Journal entry
Accountancy
answered on 14-May-26 10:10
At last ,X should pay ₹3500 adjusting deficiencies ₹2625 to bank right.? Then why we debiting Y's A/C [Video Time Stamp: 09:00]
latest answer
To recover from Y
SriVidhya M S
CA Foundation
★ 450
1
26
Journal entry
Accountancy
answered on 12-May-26 10:24
On 3rd October why we are debiting Rita a/c . In fact we are settling bank , so we want to debit bank a/c right? [Video Time Stamp: 11:06]
latest answer
We are paying the money to bank. So money goes out - Credit Bank. The amount has to be recovered from Rita - So Debit Rita
SriVidhya M S
CA Foundation
★ 450
1
34
Calls in advance
Accountancy
answered on 14-May-26 10:37
Why calls in advance not explain
latest answer
It is covered in the illustration - Rashmi Ltd. Please go through it
Puneeth Avula
CA Foundation
★ 0
1
36
Allotment
Accountancy
answered on 14-May-26 10:12
Why allotment money debited ,is allotment money is representative person account
latest answer
Yes.
Puneeth Avula
CA Foundation
★ 0
1
16
Sir u saying
Accountancy
answered on 06-May-26 09:57
Transfer to retained earning Not charge to P/L Sir this was same as u discuss earlier in mo17 it is same as Sir Or any other logic Sir I understand Sir u following same or different
latest answer
Not trf to PL means not to credit to PL. Directly transfered to retained earnings or reserves and surplus
Roshan G
CA Final
★ 180
1
34
Accounting policies
Accountancy
answered on 05-May-26 10:34
Are we supposed to use the methods we follow in every year's notes to accounts or just for the first year?
latest answer
We follow accounting policies to prepare final accounts - for e.g. SLM or WDV method of depreciation. These policies are disclosed in notes to acounts. The company follows accounting policies to prepare final accounts each year.
Devika Venu
CA Foundation
★ 5
1
28
Sir can I cross check icai study material sir
Accountancy
answered on 05-May-26 10:34
Or classess material enough Sir please explain sir
latest answer
Not required
Roshan G
CA Final
★ 180
1
26
Changes in budget
Accountancy
answered on 04-May-26 13:28
Sir, In revision of estimates, At the end you said changes in budget requirement has to be dealt with AS 5, Is it AS -5 , Or AS-7??
latest answer
Ok sir.Since this topic was about AS 7,So I asked sir.
Jagadeesh Jaidev
CA Inter
★ 645
2
42