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Hire purchase
Accountancy
answered on 20-Jun-23 23:00
Why the provision for depreciation is made?
latest answer
If you charge to depreciation acc directly, it would go to PL, how will you know total accumulated depreciation over lifetime. If it goes to provision account, you can apportion and allocate to assets
Snehashis Mohanty
CA Inter
★ 35
3
322
Hire purchase
Accountancy
answered on 20-Jun-23 21:39
Why the depriciation is gone to asste disposal ac?
latest answer
Its the portion of Depreciation on the disposed asset, its transferred to ascertain its portion separately so that gain/loss on disposal can be known
Snehashis Mohanty
CA Inter
★ 35
1
293
Accounting
Accountancy
answered on 20-Jun-23 21:52
When a fee payment is made on behalf of clients in a contract,It means that all fees and expenses are included in the contract. what will be the accounting effect? Let's say A given a contract to B for Rs. 50,000, and B made a fee payment of Rs. 15,000. What will be the accounting entry in the books of B for the Rs. 50,000 payment made by A and fees and expenses occured in this contract?
latest answer
if costs are contract included: A a/c dr: 50000 Contract a/c: 50000 Contract a/c dr: 15000 Fees a/c: 15000
Jiya T
CA Inter
★ 10
2
368
CA foundation June 23
Accountancy
answered on 21-Sep-23 20:27
Most expected questions in Accounts
latest answer
Do some scanner
Nakshathra Baiju
CA Inter
★ 1K+
4
434
brokerage on quoted price = investment accounting
Accountancy
answered on 19-Jun-23 09:13
purchased ₹120 cum intrest (117₹ deb + ₹3int) sold ₹105 ex intrest (₹105deb + ₹2int) why is brokerage paid on quoted price and not after calculating intrest ? it may happen that to avoid paying brokerage on interest, it can b quoted in ex intrest
latest answer
Calculate brokerage on Rs .121 and not on 120
Sushmita Chowdhury
CA Inter
★ 2K+
14
764
Disposal of short term investment
Accountancy
answered on 21-Jun-23 11:05
Does profit/loss from disposal of short term investment is considered as exceptional item or just considered as other income?
latest answer
Other income.
Atharv Sankliya
CA Final
★ 3K+
5
374
Chapter sale ca inter
Accountancy
answered on 24-Jun-23 09:39
G
latest answer
Individual module sale is live now.
R K
ACCA Skill
★ 9K+
4
320
AS 1 Disclosure of Accounting Policies
Accountancy
answered on 18-Jun-23 14:38
Why it does not amount to change in Accounting Policy?
latest answer
Okay Sir....Thank you
CYNOPHILE S
CA Inter
★ 925
2
460
Ca Foundation
Accountancy
answered on 12-Jul-23 07:28
What is meant by adjusted purchases ?
latest answer
There will be no closing stock given in trial balance as it's already there in purchase If at all closing stock is given in trial balance then PURCHASE=ADJUSTED PURCHASE
Atluri Tejasrisai
CA Inter
★ 205
7
1K+
Inventory
Accountancy
answered on 21-Jun-23 16:14
Please solve this
latest answer
Oo ok thank you
Rishita Agarwal
CA Inter
★ 3K+
7
468