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Inventories chapter
Accountancy
answered on 23-May-23 14:57
In this chapter last problem ie , adjustment to physical stock, i have attached one screenshot please make it clear how in sales working notes sales taken 20% ?
latest answer
If profit is given as percentage of cost, assume 100 as cost. So profit is 25 Selling price is 125. SP 125 -> Profit 25 SP 1 -> Profit 25/125 Like this you have to build.
Anil Raj
CA Foundation
★ 580
3
485
Investment in own debentures
Accountancy
answered on 22-May-23 20:40
Why companies invest in own debentures., even there is no capital inflow ?
latest answer
Thanks for explaining
Sajeetha R
CA Final
★ 46K+
3
544
What is the difference between limits and panaltiess and provision is all are same
Accountancy
answered on 22-May-23 22:23
S
latest answer
Subsection means all are regarding common matter Simple example sec8(1),8(2),8(3) these are subsections in companies Act because all r regarding Non profit organisations Clause means all matters are independent Example sec 2 of any act provides definitions One def not related to other then sec 2 always clauses only
R K
ACCA Skill
★ 9K+
3
562
What ever be learn today be revised today it willl easy when revision after 4to 5 weak we forget everything why this is happening
Accountancy
answered on 20-May-23 08:28
Good or bad
latest answer
Yes it happens as human being... Once the chapter is over take your own summary notesz and keep seeing again again I know it will take more time to prepare summary notes but do that ... U will never forget
Lkg Ydv
ACCA Professional
★ 915
4
596
Accounting process
Accountancy
answered on 21-May-23 12:52
Whether bank is a real account or personal account?
latest answer
You can treat it either ways.
Divinne Fiona
CA Inter
★ 9K+
9
625
Partnership - sale of firm
Accountancy
answered on 21-May-23 13:00
In this question why unrecorded liability is not treated as loss and also not debited in realization account. In previous examples unrecorded asset is treated as gain in dissolution problem. That's why I'm asking
latest answer
The unrecorded liability is being taken over by the company. So it automatically adjusts the purchase consideration.
Shankara Vel
CA Final
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1
458
DRR and DRI
Accountancy
answered on 22-May-23 11:44
When we create DRR out of free reserves, ofcourse we would've kept that amount extracted from free reserves, as DRR, into some or the other bank account , so our bank bal.on asset side would've increased, and can be used to pay off the deb.holders. Then why do we separately create DRI to increase our asset side and use it later to pay off Deb. holders (when increased bank bal., Due to DRR creation, could've been used)?
latest answer
https://youtu.be/lXhl2rhCjBU
Garima Bhargava
CA Inter
★ 185
4
874
How to increase speed
Accountancy
answered on 22-May-23 11:37
1 h takiing solving some questions
latest answer
Practice
R K
ACCA Skill
★ 9K+
4
650
Settling liabilities during liquidation
Accountancy
answered on 22-May-23 11:57
If a company has secured debentures, unsecured Deb., Secured creditors, unsecured creditors, then what will be the order of repayment to them by selling assets of co ? Does creditors of co. get privilege over debenture holders while repayment?
latest answer
Okk sir got it👍
Garima Bhargava
CA Inter
★ 185
4
531
Employee cost in statement of p&l
Accountancy
answered on 24-May-23 11:25
Does employee cost in statement of p&l includes direct labour wages also??
latest answer
Yes
Atharv Sankliya
CA Final
★ 3K+
10
576