Forums
misc receipt
Accountancy
answered on 19-Apr-23 13:39
why misc receipt goes to pl and not cash book ?
latest answer
Misc receipt is our income so it will go to cash and o&l account
Sushmita Chowdhury
CA Inter
★ 2K+
2
289
Goodwill,Shares
Accountancy
answered on 17-Apr-23 12:16
1.When goodwill can be depreciated(amortization)then why does shares don't get depreciated???
latest answer
Shares/Equity represents residual interest in the company. Whatever is left after paying outsiders belongs to shareholders. So anyways it represents balance amount.
Prathmesh kharul
CA Foundation
★ 3K+
3
355
BRS
Accountancy
answered on 17-Apr-23 12:23
Sir in BRS Mr.X problem u said that some items after identifying requires Reconciliation and some other items rectification. I m confusing taking these words reconciliation and rectification what exactly it means please make this point clear to me in simple way.
latest answer
To summarize, reconciliation is the process of identifying differences or discrepancies, while rectification is the process of correcting or adjusting the accounting records to ensure that they are accurate.
Anil Raj
CA Foundation
★ 580
2
361
buyback
Accountancy
answered on 17-Apr-23 12:25
can we use sec premium a/c for transfer to crr (the nv of buyback of eq shares)?
latest answer
As per section 68 - The explanation to section mentions: For the purposes of this section, Free reserves includes securities premium account
Bhavya Kumar
CA Final
★ 7K+
3
324
Presentation
Accountancy
answered on 30-Apr-23 15:52
If gst outward liability is 1,00,000 and gst input has 80,000 The excess 20,000 is paid through cash Where this 20,000 is presented in financials? What about 1,00,000 & 80,000
latest answer
20,000 is the output tax liability and not expense. In case of purchase from Composition dealer, purchases will be accounted at invoice value. the seller will separately pay GST.
sasidhar cheboyina
CA Final
★ 95
4
311
Average due date
Accountancy
answered on 16-Apr-23 16:49
how that 6340 come
latest answer
2015 to 2018 would be 36 months right.
Saketh Reddy Kotla
CA Foundation
★ 21K+
3
443
Financial statements of banking companies
Accountancy
answered on 16-Apr-23 16:43
Can anyone tell me the new rates applicable for May 2023 Cainter Exams Cash reserve Ratio=4% of Net demand and Time liabilities SLR =23% Capital Adequacy ratio =9% Am I correct ?
latest answer
Slr and crr 18 and 4.5
M Naresh
CA Final
★ 3K+
1
370
Department accounts
Accountancy
answered on 16-Apr-23 12:28
In this sum, there is no mention of goods transferred at profit between departments. But they have calculated stock reserve in answer key of ICAI. Kindly clarify
latest answer
Also u need to calculate gp ratio for the 2 departments
Vijay adithya
CA Inter
★ 5K+
2
328
Branch accounting
Accountancy
answered on 17-Apr-23 18:50
Is this printing mistake with cash from debtors in branch account? Because in memo debtors account, it shows 125000 and also in working note. Illustration 1 Answer please
latest answer
Cash in transit remittance to ho. Not received by ho.
Nakul Dixit
CA Final
★ 4K+
1
338
Dividend
Accountancy
answered on 16-Apr-23 10:46
Can a company declare dividend more than the face value?
latest answer
The FACE VALUE is just ₹1, but for past 3 years it has been declaring dividend for 51, 25, 10. 👍
HEMACHANDHAR M
CA Final
★ 2K+
8
342