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Debentures under dissolution
Accountancy
answered on 20-Apr-23 12:25
What should be the treatment of debentures under dissolution of partnership firm. It should treated as like any other liability and transfer to Realisation account.?
latest answer
You would not have debentures in a partnership firm as a liability
Saravana Perumal
CA Final
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266
Banking
Accountancy
answered on 19-Apr-23 13:24
CRR rate and SLR rate for may 23 exams?
latest answer
Thanks for the same sir
Dhivya Sriraman
CA Inter
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3
354
Fin stat
Accountancy
answered on 19-Apr-23 11:09
How come Uncalled liability on shares and other partly paid investments is a contingent liability
latest answer
Here the uncalled liability on shares is the un called capital on the investment made by us in another company so it will be considered as liability only the uncalled capital is called up so it's a contingent liabilitie
Reetikaa R
CA Final
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292
Schedule 3
Accountancy
answered on 19-Apr-23 10:19
The inner items of a head should also be in order ?? For eg : under current assets , inventories ,then Dr's, ....
latest answer
Its okay if you miss
Reetikaa R
CA Final
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266
Rectification of errors
Accountancy
answered on 19-Apr-23 13:26
Purchased goods from Ravi rs.15000 but entered into sales book Tell me the answer ?
latest answer
@vignesh have u understood the entry
Vignesh s
CA Inter
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397
Entry
Accountancy
answered on 19-Apr-23 03:15
Suppose I have a shop of electronics and i took a mobile from that will that be treated as DRAWINGS?? IF YES WHAT WILL BE THE ENTRY???
latest answer
Thanks dear
Prathmesh kharul
CA Foundation
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317
Is Freight charges a part of production cost
Accountancy
answered on 19-Apr-23 13:28
Does the carriage charges for transfer the raw materials from godown to factory is a part of production cost and recorded in manufacturing a/c?
latest answer
Fright charge will make a part of prime cost Hence it will be recorded in mfg account
Atharv Sankliya
CA Final
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260
AS 3
Accountancy
answered on 18-Apr-23 23:30
Will Short term deposit be treated as cash and cash equivalent or under investing activities ??
latest answer
Cash & cash equivalents
Reetikaa R
CA Final
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256
AS 1
Accountancy
answered on 30-Apr-23 10:57
Plss explain this answer
latest answer
As per AS-1, Entity should apply Accounting Polices which are prudent i.e where expenses are recognised even if uncertain. Also AS 1 required application of Accrual assumption where expenses are recognised on time/period basis not on payment basis. In the given case, XYZ ltd has ICDs whose repayment is delayed, as such Accrual concept specifies that Interest should be provided for delayed period of repayment. Since the rate is not certain entity should make best estimate of expected rate of Interest. Hence Accounting Polices for not providing interest on delayed payment is not correct.
Reetikaa R
CA Final
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296
Stock of stationery and other consumables
Accountancy
answered on 20-Apr-23 12:27
What is the accounting treatment of huge stock of stationery and other consumables ( other than inventory)? Does it is recorded as assets in balance sheet or debited to p&l a/c even it is not consumed?
latest answer
Other assets.
Atharv Sankliya
CA Final
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