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Financial Statements
Accountancy
answered on 29-Sep-23 09:19
Explain the solution in brief 👇
latest answer
Ok
V S R Krishna
CA Inter
★ 795
2
360
Incomplete records
Accountancy
answered on 28-Sep-23 15:41
Addl capital is 25k know then how addl capital 50k in cash and bank a\c?
latest answer
Miscellaneous expenses also wrongly entered
Ujwal Reddy
CA Inter
★ 7K+
2
316
Introduction to Accounting Standards
Accountancy
answered on 30-Sep-23 11:04
Should we remember roadmap for implementation of IND AS...Will question be tested from this section?
latest answer
Not important from exam point of view but since this is the last attempt in current syllabus why to take risk just go a glance about the history of standards but don't read it as serious
Soon to be CA
CA Inter
★ 4K+
6
385
Accounts from Incomplete records
Accountancy
answered on 27-Sep-23 15:16
How to find total sales and total purchases as per this que? I am not able to understand the printed solution.
latest answer
Debtors=2 months sales i.e 145000 Total credit sales for the year =145000*12/2 =870000 Out of which cash sales 1/3 on credit sales =870000*1/3=290000 Total sales for the year ending is 25%increase from Last year I e 8700000+2900000=1160000+25%=1450000
Ujwal Reddy
CA Inter
★ 7K+
1
486
Preparation of final accounts of sole proprietor
Accountancy
answered on 28-Sep-23 11:34
Can anyone explain the working note of interest accrued on investment and deposit?
latest answer
Thankyou guys 🙏🙏🙏
Divinne Fiona
CA Inter
★ 9K+
11
321
AS-13
Accountancy
answered on 27-Sep-23 23:06
If a company purchase shares of another company of rs 8 lac by the way of exchanging it's machinery having book value of Rs- 10 lac so what will be the cost of acquisition of investment as per AS-13
latest answer
More evident means more clear. Say the asset we are giving up doesn’t have a clearly determined FV because its not actively traded in market.
Atharv Sankliya
CA Final
★ 3K+
3
359
Independent barnches
Accountancy
answered on 26-Sep-23 09:18
Goods sent to branch at 10% cost plus and sold goods at invoice price plus 25%. While calculating closing stock the stock will be calculate at whole shale price.hence, the cl st should be 84k*110/125 know why in this sol 100/125 considered?
latest answer
Tq
Ujwal Reddy
CA Inter
★ 7K+
2
284
Adjustment doubt in adv accounting
Accountancy
answered on 26-Sep-23 09:22
In solution explain the 3. Journal entry. Kindly elaborate it.
latest answer
First of all we write off 7% preference share so we debited 6,00,000 and issue 4 new 5% preference share 4 per 1 share of 10rs so 12000 share holder * 4*10 =4,80,000 credited and new equity share issued 12,000 preference share holder s *6 per share *2.5rs = 1,80,000 and remaining balance debited to capital reduction a/c
Revathy N
CA Final
★ 9K+
2
330
AS 2 Valuation of inventories
Accountancy
answered on 26-Sep-23 13:26
I have a doubt in the illustrations in AS 2, valuation of inventories. The 14th illustration part b. The NRV is lesser than cost, but in solution its given otherwise
latest answer
So sales commission will be reduced to compute NRV
Jeffy Fredline
CA Inter
★ 60
9
300
Amalgamation
Accountancy
answered on 26-Sep-23 16:26
Dear Team, In the attached example, components of statutory reserves are treated separately from Reserves and Surplus, 1st Query :- what are the other components of statutory reserve. 2nd Query:- what are the other components of reserves & surplus,other than retained earning, revaluation resv, statement of changes in equity etc.
latest answer
Thankyou Sir.
Namrata Lall
CA Inter
★ 0
6
352