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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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1
326
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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4
503
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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390
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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352
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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332
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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5
369
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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4
498
AS 13
Accountancy
answered on 20-Apr-23 12:28
Plss explain the answer , didn't understand. Wat I think is by March 31st , 20x1 ,finacial statements were not published so value shd not be reduced .
latest answer
As per AS-4, you need to adjust this.
Reetikaa R
CA Final
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387
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
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345
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
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434