Forums
Partnership Accounts Admission
Accountancy
answered 9 hrs ago
How did we got 50,000 sir please help
latest answer
And thankyou
Prathmesh Sanjyot Kharul
CA Foundation
★ 3K+
8
59
Joint venture
Accountancy
answered 3 hrs ago
M and N enter into joint venture where 'M' supplies goods worth 12,000 and spend 200 on various expenses. 'N' sells the entire lot for 15,000 meeting selling expenses amounted to 400 profit sharing ratio equal. N remits M the amount due. The amount of remittance will be (a) 13,400 (b) 14,600 (c) 12,800 (d) 12,200
latest answer
12200+1200 = 13,400.
Sowmiga Chandrasekaran
CMA Foundation
★ 7K+
2
53
BRS
Accountancy
answered on 24-Nov-23 13:21
Of the total cheques amounting to ₹12370 drawn in the last week of December 2021 cheques aggregating ₹9360 where encashed in December 2021 How this treatment will be in BRS Please state with reason
latest answer
Understood tq sir
Devi sri Kumar
CA Foundation
★ 7K+
2
67
BRS
Accountancy
answered on 25-Nov-23 04:46
On 20th December 2021 the debit balance of ₹8460 as on the previous day was brought forward as credit balance in the cash book How to account this in BRS Please state with reason
latest answer
Understood tq sir
Devi sri Kumar
CA Foundation
★ 7K+
4
67
Books
Accountancy
answered on 22-Nov-23 18:30
I have IL accounting standards notes of old syllabus do I need to buy new notes for accounting standards
latest answer
Thank you
Vamsi Krishna
CA Inter
★ 42K+
2
88
Framework
Accountancy
answered on 22-Nov-23 17:28
What's the difference between AS and Framework for FS What's the difference between General purpose FS and Special purpose FS
latest answer
Thank you sir😇
vidhya senthilkumar
CA Inter
★ 5
2
68
Payment of dividend in year of loss
Accountancy
answered on 19-Nov-23 06:05
when company used to pay dividend in the year in which it made losses, from its past reserves and accumulated profits, there is one condition that the rate of dividend must not be more than the average rate of dividend Of past 3 years, Question is, what if company didn't declare dividend in last 3 years, or didn't declare in 1 or 2 yrs in last 3 years, then how that max rate will be calculated?
latest answer
If dividend is not declared consider 0%
Garima Bhargava
CA Inter
★ 185
1
49
Partnership Proportionate Capital
Accountancy
answered on 23-Nov-23 09:19
When the question specifies that 'Capital is to remain the same as it was before retirement' or that new partner brings in capital in proportion to the old partner's capital, do we consider adjusted capital (adding gen reserve, revaluation, etc) or the capital given in the balance sheet?
latest answer
Thank you sir!
Vishnu
CA Foundation
★ 14K+
2
63
Capital expenditure and revenue expenditure
Accountancy
answered on 17-Nov-23 18:21
₹ 5000 spent on addition to machinery in order to increase the production capacity is Capital or revenue expenditure Please state with reason
latest answer
Understood tq
Devi sri Kumar
CA Foundation
★ 7K+
2
45
Accounting process
Accountancy
answered on 18-Nov-23 07:12
On 31st March 2022 after sale of goods worth ₹2000 he is left with closing inventory of ₹10000 It is event or A transaction Please state with reason
latest answer
Understood rq
Devi sri Kumar
CA Foundation
★ 7K+
7
64
