Forums
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
331
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
342
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
346
Notes to accounts
Accountancy
answered on 16-Apr-23 10:03
reserves and surplus typically how to show in financial statement what is the procedure and how to make an working in notes to accounts??? what are the items I have to shown in this area which figure I should have to take could you please explain me please with example
latest answer
Reserves & Surplus is shown under Shareholders funds in the B/S. The components of B/S have to be shown in the notes to accounts.
MPR Sanjay Kumar
CA Inter
★ 530
1
295
Final accounts
Accountancy
answered on 15-Apr-23 13:19
I can't able to understand first adjustment.
latest answer
Receivable from Ravi 15000 Payable to Ravi 5000 So net receivable is 10000 Reduce 5000 from debtors and 5000 from creditors
Saketh Reddy Kotla
CA Foundation
★ 21K+
1
323
Banking
Accountancy
answered on 15-Apr-23 13:58
The date after 5 months from 15 October 20X2 is 15 March 20X3, but why 3 days added in each due date
latest answer
Thanks Sir
Prethivi Rajan
CA Final
★ 9K+
2
315
Liquidation illustration
Accountancy
answered on 17-Apr-23 12:39
I don't understand the concept, Of treating the balance as overriding nd unsecured creditors. Can anyone please explain it clearly
latest answer
The secured portion is settled by using security. Balance becomes unsecured or overriding depending on the nature.
Aakash Raavi
CMA Inter
★ 320
1
271
as 19
Accountancy
answered on 17-Apr-23 13:33
how the pv of min lease payment is taken in this question?and why unguaranteed realisable value is taken for arriving at the conclusion whether it is fin lease or not? pls help....i am attaching the question
latest answer
Thank you sir
Bhavya Kumar
CA Final
★ 7K+
3
332
Conversion of capital assets into stock. In trade
Accountancy
answered on 17-Apr-23 12:39
If personal capital assets is converted into stock in trade at which cost it is recognised in books of firm fair market value or at the price at which it was purchase by the proprietor
latest answer
Yes.
Atharv Sankliya
CA Final
★ 3K+
4
299
Passing journal entries in particular order
Accountancy
answered on 14-Apr-23 17:18
While passing journal entries I'm making mistake that not passing in order. Is it necessary to pass in particular order?
latest answer
Thank you sir
Madhu Reddy
CA Inter
★ 4K+
2
430