Forums
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
552
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
513
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
645
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
2K+
Inventory
Accountancy
answered on 21-Jun-23 16:14
Please solve this
latest answer
Oo ok thank you
Rishita Agarwal
CA Inter
★ 3K+
7
608
Bill of exchange
Accountancy
answered on 18-Jun-23 13:27
To find discount allowed when accommodation bill is remitted
latest answer
Thanks
![SRIHARI K U [XI-D]](https://lh3.googleusercontent.com/a/AAcHTtdScYQCuNRjJAXk0FzLv6v8DmxXAQ-DDznN_DDh=s96-c){kind=avatar}
SRIHARI K U [XI-D]
CA Inter
★ 4K+
2
518
Partnership - sale to a company
Accountancy
answered on 19-Jun-23 09:53
In the question it is said that the firm has a sum due to ( owe) A's estate ( that means Due to Mr.A right ). If we calculate the total amount due to A will be 120000(20000*3 years *2 half yearly). I understand that 20000 is paid till only 31.12.2001. because on 1/1/2002. The firm is getting dissolved. But my question is Since they deduct 20000 from A's executor capital account . why the 120000 has not been added to Mr. A's executor account? Why are they deducting from the amount that was brought (capital)and earned(profits, goodwill shares ) in the firm by A? Capital amount is different from the amount the firm due to him ( kind of loan from A?). Pls kindly clarify.
latest answer
Due to A's estate means A's legal heir. After death if amount is not settled, interest is to be paid.
Deborah Susaiyappan
CA Inter
★ 8K+
2
591
Doubt in 2023 ca foundation final acounts problem
Accountancy
answered on 19-Jun-23 09:59
What do you mean by bank overdraft is secured against hypothecation of stock ? I have attached file . In this problem 6th adjustment i am having lot of confusion due to lengthy adjustment so make clear please. I didn't understand closing stock calculation in this problem. Closing stock answer is Rs 250000
latest answer
This is explained in the live revision session done last week https://www.youtube.com/live/8SvKvtIbUyM?feature=share&t=3017
Anil Raj
CA Foundation
★ 580
5
2K+
Doubt
Accountancy
answered on 19-Jun-23 09:59
I am not getting why share of new partner ie., Gyama Rs.50000 credited to only Beeta? In this problem. File i have attached. Y it is not shared among alpha and beeta?
latest answer
Pls share the complete question.
Anil Raj
CA Foundation
★ 580
2
620
Hire purchase
Accountancy
answered on 17-Jun-23 10:01
Is intrest suspense account is like an provision?
latest answer
No its just dummy account to park interest accumulated.
Snehashis Mohanty
CA Inter
★ 35
1
454