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Query regarding Revetion and test
Accountancy
answered on 28-Aug-23 14:57
I have complete entire syllabus of CA foundation accounts I have been revise 3 time Registration and practical questions RTPS and previous year question Should I have start giving mock test
latest answer
Yeah...give a mock test It builds confidence
Ab Devliear
CA Foundation
★ 3K+
1
400
General Doubt
Accountancy
answered on 28-Aug-23 14:59
If we write the working note first in the account paper of foundation and write the solution later, will we get marks in the exam or not?
latest answer
Yes you will. Mention the headings correctly don't mess up with presentation
Ab Devliear
CA Foundation
★ 3K+
2
505
As4
Accountancy
answered on 26-Aug-23 13:16
In the below question,say whether it is adjusting event or non adjusting event if such event happened after balance sheet date but before board approval.
latest answer
Thank you sir
Krishnan K
CA Inter
★ 5K+
2
434
As 4
Accountancy
answered on 26-Aug-23 13:08
As on balance sheet date , we have a total debtors of Rs.5,00,000. We created a general provision of 1% on provision for doubtful debts.After balance sheet date but before the board approval, Mr.B debtor of Rs.1,00,000 becomes insolvent. Ans. I think it is non adjusting event , becoz There is no condition that Mr.B will become insolvent is existing at the balance sheet date. General provision of 1%does not mean there is a condition existing at the balance sheet date. Is my understanding correct!
latest answer
Yes.
Krishnan K
CA Inter
★ 5K+
1
533
Doubt
Accountancy
answered on 21-Sep-23 20:24
Sir ,recently somebody told that business law and accounts for ca foundation is going to be a in mcqs is it true ,please give me fast reply about this ,so that I can start my preparation
latest answer
Account and law are descriptive paper
Mangallapalli Vaishnavi
CS Foundation
★ 680
2
591
Partnership(dissolution) -- unrecorded asset
Accountancy
answered on 26-Aug-23 06:07
Say the logic behind why unrecorded asset is not debited like other assets, in realization account
latest answer
Thank u sir
Sajeetha R
CA Final
★ 46K+
5
655
Preparation of financial statements
Accountancy
answered on 29-Aug-23 09:55
In disclosure For bank balance, we need to further classify as balance with scheduled bank , others Or We need to just disclose as BALANCE WITH BANK without any further clarification
latest answer
Cash and cash equivalents (i) Cash and cash equivalents shall be classified as: (a) Balances with banks; (b) Cheques, drafts on hand; (c) Cash on hand; (d) Others (specify nature).
Krishnan K
CA Inter
★ 5K+
5
534
UNDERWRITING OF SHARES
Accountancy
answered on 24-Aug-23 08:32
Will my answer change if the firm underwriting is treated as Marked application??
latest answer
Yes. And genereally they are treated as marked applications only.
Prathmesh Kharul
US CMA All
★ 6K+
1
452
UNDERWRITING OF SHARES
Accountancy
answered on 24-Aug-23 08:21
Why is total liability multipled with 10 (total liability*10) ??
latest answer
Should have been 100
Prathmesh Kharul
US CMA All
★ 6K+
3
432
Departmental accounts
Accountancy
answered on 26-Aug-23 13:14
There are two ways of solving ,which to follow In illustration 7 the markdown value of stock is taken to P & L through stock memorandum account ,in practice sum 4 the same is adjusted both in memorandum as well as markup account Which way to follow
latest answer
Both are fine.
Ramya Nagarajan
CA Final
★ 1K+
1
528