Forums
Bonus
Accountancy
answered on 21-Apr-23 06:52
Can we use capital reserve for bonus issue?? NOTE : I M NOT ASKING ABT CAPITAL REDEMPTION RESERVES.
latest answer
Yes.
Reetikaa R
CA Final
★ 7K+
2
317
Accounts
Accountancy
answered on 21-Apr-23 16:45
Cash Gift received The entry for same will be Cash a/c dr To name of the giver Or Cash a/c dr To income(gift)??? ???
latest answer
Ok sir
Prathmesh kharul
CA Foundation
★ 3K+
2
323
Insurance
Accountancy
answered on 22-Apr-23 13:03
In this question , it says goods were sold on approval basis. The WORTH is 1,98,000.. i interpreted that to be the actual worth,ie, the cost .. is this incorrect ? I’m getting same answer .
latest answer
It is to be considered as sales.
SANSKRITI BADRI 2111339
CA Final
★ 3K+
4
317
Branch
Accountancy
answered on 20-Apr-23 17:39
Plss tell me the invoice proce and sale price for branch
latest answer
Notable point: branch is selling in 20 percent of profit relating to its invoice price (180).
Reetikaa R
CA Final
★ 7K+
2
292
Branch
Accountancy
answered on 20-Apr-23 17:29
If they ask to prep branch account in head office books , wat all to put in the account ?? PRACTICE QUES 10
latest answer
Assuming it is a foreign branch accounts, all assets and liabilities' closing balance + net profit relating to the branch will come. In case of dependent and independent types, you may refer to the format in the book for better understanding.
Reetikaa R
CA Final
★ 7K+
1
362
Final accounts
Accountancy
answered on 20-Apr-23 18:10
What is the 4th answer. Please give explanation too
latest answer
Thanks
SUBODH M JAIN
CA Final
★ 2K+
2
297
Amalgamation
Accountancy
answered on 22-Apr-23 17:16
In the nature of purchase What is the journal entry of statutory reserve ? (ex. Development Rebate Reserve, Investment Allowance Reserve, Export Profit Reserve) In the books of transferee and transferor company ?
latest answer
These are not transferred as such. It is only a notional entry passed by acquirer company.
Jiya T
CA Inter
★ 10
4
316
Pre and post incorporation profits
Accountancy
answered on 20-Apr-23 11:59
No clue abt finding turnover ratio .plss someone do n send
latest answer
Time ratio is 4:7 and given sales will go up 40% in post inc. Period so 7*140% = 9.8 I.e. sales ratio = 4:9.8
Reetikaa R
CA Final
★ 7K+
3
459
Doubt on insurance claims
Accountancy
answered on 19-Apr-23 22:14
How to treat the turnover marked in picture ?
latest answer
That's the interpretation of statement
sradha krishna sunil
CA Final
★ 5K+
2
267
Doubt on insurance claims
Accountancy
answered on 20-Apr-23 00:32
What do we add the fire fighting expenses?
latest answer
Firefighting expenses in a way helps to reduce the loss by fire also in case whereby it's not incurred the insurance company may reject the policy as "not trying to minimise the loss" Hence the firefighting expense are to be added That is it can be recovered form the insurance company
sradha krishna sunil
CA Final
★ 5K+
1
276