Forums
Partnership accounts
Accountancy
answered on 10-Oct-23 17:29
I don't understand this journal entry please explain me
latest answer
🙏🙏
Divinne Fiona
CA Inter
★ 9K+
4
452
Fixed assets
Accountancy
answered on 09-Oct-23 17:42
Hello sir What is the treatment that can be made if a fixed asset is being maintained in the factory which is in unusable condition ie breakdown for more than 5 years
latest answer
Okay sir thank you
Valli Kotapati
CA Final
★ 5
3
337
Accounting
Accountancy
answered on 08-Oct-23 21:49
If I leave Q1 wholly of account paper then will my paper be checked or not
latest answer
Yes paper will be evaluated but if you attend 5 questions excluding the compulsory question only 4 of those will be corrected and the last one will not be considered. So it's like you attended only for 80 marks.
Atharv Sankliya
CA Final
★ 3K+
2
337
Liquidation
Accountancy
answered on 08-Oct-23 15:07
Is overriding preferential creditors paid even before legal expanses , liquidation expenses n remuneration?
latest answer
No, firstly you should pay Legal and liquidation charges and then go for priority basis, because without those expenses you can't realise assets
Reetikaa R
CA Final
★ 7K+
1
326
Brs
Accountancy
answered on 08-Oct-23 18:22
A cheque drawn by b . Phillip charged by A.
latest answer
Kindly elaborate your query thanks.
Nayan
CA Foundation
★ 360
1
305
As 3
Accountancy
answered on 08-Oct-23 10:40
As on 31.3.22 Fixed deposit is maturing on 15 .4.22. As it is maturing within 15 days why it is not treated as cash and cash equivalents.
latest answer
Always Wlcm ✨
Krishnan K
CA Inter
★ 5K+
4
376
As 3
Accountancy
answered on 10-Oct-23 16:22
Short term investment in preference share is cash flow or not
latest answer
date of acquisition.
Krishnan K
CA Inter
★ 5K+
6
282
Expneses
Accountancy
answered on 08-Oct-23 18:24
How incurrence of liabilities is considered as expense ?
latest answer
When you postpone payment for an expense, you are incurring new liability. Like rent or salary payable.
Anjali S
CA Inter
★ 0
1
280
Ch -2 framework for preparation and presentation of f.st
Accountancy
answered on 08-Oct-23 18:31
Since the maintaining accounts on accrual basis is mandatory as per sec 128(1) then why in any case income/expense is recognised on cash basis ?
latest answer
If you follow pure accrual you can't enter advance received or prepaid expense in the books as the income is not accrued or benefit is not received. This point explains that you can't mix prepaid expense/ advance received and normal revenue/expense. Because one is recorded based on cash receipt or payment and other is in accrual. This is what I understand. Hope this helps.
Atharv Sankliya
CA Final
★ 3K+
6
315
Hire purchase
Accountancy
answered on 07-Oct-23 16:38
Sir Ye keshe solve karna hai?
latest answer
See this
Tisha Modi
CA Inter
★ 2K+
1
383