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Partnership Accounts Admission

Accountancy

answered 9 hrs ago

How did we got 50,000 sir please help

latest answer

And thankyou

Prathmesh Sanjyot Kharul

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

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

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

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

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

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

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

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

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

Devi sri Kumar

CA Foundation

7K+

7

64

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