Forums
Cash flow
Accountancy
answered on 13-Dec-23 07:21
Please help to solve this problem
latest answer
When you share your workings others may easily help you.
Sumayya S B
CA Final
★ 7K+
1
419
Effective capital
Accountancy
answered on 12-Dec-23 11:02
How do we calculate effective capital when an extract of balance sheet is given?
latest answer
Ok sir 👍
Monika T
CA Final
★ 7K+
7
533
Accounting Query
Accountancy
answered on 11-Dec-23 11:44
Website Domain of Business is Purchased by Shareholder in it's personal Name. Can we book this expense as Business Expense ? Is it Justifiable ? And if yes, then please suggest under which Accounting Standard ?
latest answer
You can book it provided the amount is paid back to shareholder.
Rishikesh Prajapati
CA Final
★ 7K+
1
353
ADMISSION OF PARTNER
Accountancy
answered on 16-Jan-24 13:50
IN CASE WHEN NEW PARTNER IS ADMITTED TO THE FIRM AND THE PARTNER SAYS THAT HE IS READY TO ACCEPT EXISITING LIABILITIES OF THE FIRM THEN THE ACCOUNTING TRATMENT WILL BE THAT THE REVALUATION PROFIT/LOSS WILL BE SHARED IN ALL THE PARTNERS RIGHT????
latest answer
No.
Prathmesh Kharul
US CMA All
★ 6K+
6
418
RETIREMENT OF PARTNER
Accountancy
answered on 11-Dec-23 14:00
IS P&L ADJUSTMENT A/C AND REVALUATION A/C SAME??
latest answer
Use revaluation account for exams.
Prathmesh Kharul
US CMA All
★ 6K+
1
378
RETIREMENT OF PARTNER
Accountancy
answered on 11-Dec-23 14:01
B and C agreed, as between themselves, to continue the business, sharing profits in the ratio of 3:2 and decided to retain the fixtures on the books at the revised value, and to increase the provision for doubtful debts to 6%. PARTNER CAPITAL A/C------DR TO B CAPTIAL A/C TO C CAPITAL A/C IS THIS THE CORRECT ENTRY FOR THE ABOVE ADJUSTMENT??
latest answer
You need to route this through revaluation account.
Prathmesh Kharul
US CMA All
★ 6K+
1
389
Cash flow
Accountancy
answered on 11-Dec-23 14:21
Please help to find out cash flow from operating activities
latest answer
Got the answer Sir 😊. Thank you for your response.
Sumayya S B
CA Final
★ 7K+
2
335
Dec mtp
Accountancy
answered on 09-Dec-23 08:26
In this question how they calculated purchase
latest answer
3,20,000-5,150-7,000-1,650=3,06,200
Devi sri K
CA Foundation
★ 7K+
1
369
Capital and Revenue Expenditure
Accountancy
answered on 11-Dec-23 15:34
1.Inauguration expenses incurred on opening a new business for the first time is Capital expenditure? 2.Inauguration expenditure incurred on opening a new unit of an existing business is revenue expenditure?
latest answer
👍
Nidhi S
CA Inter
★ 4K+
9
590
BRS
Accountancy
answered on 08-Dec-23 08:10
70 question Option wrong correct answer? 82300/85300
latest answer
Yes your ans is correct, ignore previous replay
Sai G
CA Inter
★ 6K+
5
404