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Writing off of inventory at nrv
Accountancy
answered on 23-Jun-23 09:40
Does we have to pass a journal entry to written off/down the inventory to nrv or just recording closing stock at nrv price is required?
latest answer
Closing stock valuation is enough.
Atharv Sankliya
CA Final
★ 3K+
1
559
Buyback
Accountancy
answered on 23-Jun-23 16:55
I can pass this entry right. In narration I have specified CRR is especially created out of reserves and premium is written off using SPR. I have merged these entries, there isn’t any problem sir?
latest answer
Yes
Sugam SM
CA Final
★ 9K+
5
835
A contingent liabilities no provision had been made was settled at 8500 what is the journal entry 8500
Accountancy
answered on 23-Jun-23 09:45
any idea
latest answer
Capital Reduction Dr. To Bank 8500
R K
ACCA Skill
★ 9K+
3
615
Chapter internal reconstruction
Accountancy
answered on 22-Jun-23 21:03
What is the journal entry for and amt for 2nd adjustment sir any idea
latest answer
Thanks very much
R K
ACCA Skill
★ 9K+
2
485
Chapter internal reconstruction
Accountancy
answered on 28-Jun-23 19:23
What is the journal entry for and amt for 2nd adjustment sir any idea
latest answer
Dr. Capital Reduction (dividend amount) Cr. ESC
R K
ACCA Skill
★ 9K+
1
481
Date of the Question/Answer paper
Accountancy
answered on 22-Jun-23 13:41
This question/answer paper belongs to which year?
latest answer
Tq sister,Also i thought it may be in 2021.. because that question paper's one of the question contains balance sheet as on March 2021 !😊
Sr the Unique
CA Inter
★ 10
3
554
Consignment
Accountancy
answered on 26-Jun-23 19:58
Ans of no2
latest answer
2500
Vivek Kumar Gupta
CMA Inter
★ 5
3
547
Establishment cost
Accountancy
answered on 21-Jun-23 17:14
What is establishment cost? If consignee incurs the above cost, then should it be added to closing stock or not??
latest answer
Establishment cost refers to the expenses associated with setting up a new business or starting a new venture. It will not be added to closing stock.
Jaswanth P
CA Inter
★ 3K+
1
669
Liquidator remuneration
Accountancy
answered on 21-Jun-23 17:16
In part(a) should we deduct 2% on assets realised from available amt to creditors i.e., (412000-20000)*3/103 to calculate remuneration of liquidator? Or is it just 412000*3/103 ?
latest answer
deduct and then calculate
Sugam SM
CA Final
★ 9K+
1
568
Accounting
Accountancy
answered on 21-Jun-23 17:31
If a vehicle is owned by a spouse and is used for a business, can it be included as an asset in the balance sheet?
latest answer
No, only expenses towards vehicle maintenance id any can be considered proportionate to its use in business
Jiya T
CA Inter
★ 10
1
431