Bank reconciliation statement

answered on 09-Apr-23 14:42

(2) Out of total cash and cheques of Rs. 6,800 deposited in the Bank on 24th March, one cheque of Rs. 2,600 was cleared on 3rd April and the other cheque of Rs. 500 was returned dishonoured by the bank on 4th April. Can anyone explain these transactions for BRS

latest answer

On the day the amount deposited in bank, U would have been added the amount of rs. 2600 and rs.500 in cash book. But in pass book the balance would remain the same as on 31 March as it is cleared /dishonoured in April So, you have to deduct the amount of rs.2600 and rs.500 .... Since it is overdraft you have to change the sign, so ADD

Vignesh s

CA Inter

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628

Advance Accounting

answered on 09-Apr-23 07:31

Why we are not transferring the loan and the debenture in realisation ac?

latest answer

thanks brw

Ganesh U

CA Final

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402

General

answered on 10-Apr-23 08:42

Is this in portions ?

latest answer

Ok

SANSKRITI BADRI 2111339

CA Final

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4

324

AS 5

answered on 13-Apr-23 21:51

If the earthquake is an extraordinary item, why is the insurance claim not an extraordinary item?

latest answer

It may be classified as extra ordinary and depends on the judgement of management.

Angel Maria Varghese

CA Final

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274

Disclosure

answered on 07-Apr-23 16:50

LTB- repayment beyond 36M STB- within 12 months. What about those loans lying in b/w these timeline?

latest answer

Non current liability

Sugam SM

CA Foundation

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319

buy back of shares

answered on 07-Apr-23 15:35

while doing debt equity test , for the purpose of debt , should we consider only long term borrowings or should we consider current liabilities also?

latest answer

We should consider both long-term and short term debt

Snehaa Ilamaran

CA Inter

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227

Accounting Standards

answered on 07-Apr-23 17:56

Unlike Law, I've studied AS in a logical and simple manner without mugging up anything but the suggested answers seem a bit tough... they've answered like law. So can I explain AS in simple words in the exam to score marks?

latest answer

Okay sir Thank you!

Abishek M

CA Final

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399

Sale or return basis

answered on 07-Apr-23 05:50

How that second entry will come. Only when sales is reversed that entry will come. But that remaining 80 goods is shown under inventory acc then why that second entry. Please anyone explain

latest answer

Tq bro for your clear explanation

Lathika

CA Inter

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320

Preparing trading p and l account

answered on 06-Apr-23 11:58

In this q , if I do wrong in finding depreciation how many marks will I lose

latest answer

About 2-3 marks.

SANSKRITI BADRI 2111339

CA Final

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309

Sale on approval or return basis

answered on 07-Apr-23 16:55

Can both formats be used to prepare sale or return day book. Are both same?

latest answer

In real life there is no standard format. Each entity will devise format which suits them.

SUBODH M JAIN

CA Final

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