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NPO
Accountancy
answered on 15-Oct-23 06:38
Will outstanding expense will come in income and expenditure a/c
latest answer
If O/S is of current year then will added to concerned expense in (income and expenditure a/c) And if it is of previous year then it will be Deducted from concerned expense in (income & expenditure A/c
![SRIHARI K U [XI-D]](https://lh3.googleusercontent.com/a/AAcHTtdScYQCuNRjJAXk0FzLv6v8DmxXAQ-DDznN_DDh=s96-c){kind=avatar}
SRIHARI K U [XI-D]
CA Inter
★ 4K+
1
252
Rectification of errors
Accountancy
answered on 15-Oct-23 19:19
An amount of rs 300 is spent on the repairs of machinery is wrongly debited to the machinery account Account Rectify the above entry I feel the question is somewhere wrong please explain me
latest answer
Thankyou so much bro 👍
Divinne Fiona
CA Inter
★ 9K+
4
293
Branch account
Accountancy
answered on 14-Oct-23 10:23
Here is it given head office sent goodd to branch at cost plus 25%. But in answer transfer has taken take in cost. Is it correct?
latest answer
1,00,000 includes cost+25%
Pooja .
CA Final
★ 210
1
284
NPO PRATICAL SUM 1
Accountancy
answered on 14-Oct-23 12:27
Adjustment 4 50%of entrance donation was to be capitalized.. There was no pending membership as on 31 March 2020 What is the meaning there was no pending membership as on 31 March 2020
latest answer
No outstanding
SRIHARI K U [XI-D]
CA Inter
★ 4K+
1
307
Buyback
Accountancy
answered on 17-Oct-23 18:21
should we consider current maturities of long-term borrowings in the calculation of loan funds?
latest answer
Yes we have to consider
Sujitha M
CA Inter
★ 1K+
3
294
Buyback
Accountancy
answered on 14-Oct-23 12:29
Why are marked 2 numbers different? Is there something I'm missing?
latest answer
We should consider 3 tests, not 2 tests. Here, least of the following is to be taken 1. Shares outstanding test - 31,250 shares 2. Resources test - 39,063 shares 3. Debt Equity ratio test - 28,750 shares Co. can buyback shares upto a maximum of 28,750 shares. But co.wants to take only 25,000 shares only, it is under the limits of maximum buyback shares. So co.can buyback 25,000shares. In the ans. they given wrong in Debt equity ratio test. Take as above as I said and do like that.
Sujitha M
CA Inter
★ 1K+
4
407
Amalgamation sum
Accountancy
answered on 18-Oct-23 14:10
Pc calculation didn't understand and also sundry asset is given as 100000 but sundry asset is not in trial balance
latest answer
All
Revathy N
CA Final
★ 9K+
4
364
Borrowing cost
Accountancy
answered on 11-Oct-23 11:41
Explain the highlighted context in detailed
latest answer
😁
SAI AKASH GORU
CA Inter
★ 745
5
290
Refund of government grants related to revenue
Accountancy
answered on 13-Oct-23 10:58
Explain the highlighted context in detailed
latest answer
As and when you start explaining with a practical example The concept enters into my mind directly and clearly
SAI AKASH GORU
CA Inter
★ 745
6
275
Govt. Grants
Accountancy
answered on 11-Oct-23 09:46
Explain me the Highlighted context in detailed In layman terms 🥹
latest answer
Say grant is recevied in relation to land. and also requires meeting some condition like maintaining the land which requires expenses to be incurred. Such grant is credited to P&L in proportion of expenses.
SAI AKASH GORU
CA Inter
★ 745
1
225