Hire purchase

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

420

Accounting

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

501

CA foundation June 23

answered on 21-Sep-23 20:27

Most expected questions in Accounts

latest answer

Do some scanner

Nakshathra Baiju

CA Inter

★ 1K+

4

580

brokerage on quoted price = investment accounting

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

1K+

Disposal of short term investment

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

567

Chapter sale ca inter

answered on 24-Jun-23 09:39

G

latest answer

Individual module sale is live now.

R K

ACCA Skill

★ 9K+

4

525

AS 1 Disclosure of Accounting Policies

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

658

Ca Foundation

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

answered on 21-Jun-23 16:14

Please solve this

latest answer

Oo ok thank you

Rishita Agarwal

CA Inter

★ 3K+

7

618

Bill of exchange

answered on 18-Jun-23 13:27

To find discount allowed when accommodation bill is remitted

latest answer

Thanks

SRIHARI K U [XI-D]

CA Inter

★ 4K+

2

526