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Sir i was prepared short notes takes lot of time
Accountancy
answered on 05-May-23 06:36
Good not able to complete
latest answer
In my point of view... Take summary notes for the chapter which u feel to forget.. once u know the chapter highlight and keep revising on daily basis
Karan Yadav
CA Inter
★ 10
2
466
PROCEDURE WHEN A PARTNERSHIP FIRM DISSOLVES AND ASSETS AND LIABILITIES ARE DISTRIBUTED AMON THE PARTNERS
Accountancy
answered on 01-May-23 19:03
When a partnership firm dissolves and the assets and liabilities are divided among partners, do the person acquiring company stocks from assets during division among partners needs to pay GST on the stocks acquired.
latest answer
Since there is no supply, GST would not arise.
Yash Baid
CA Foundation
★ 620
1
560
As 2
Accountancy
answered on 30-Apr-23 12:14
Why is it 10,200 units here ?
latest answer
We check on consumed value. Same as cost sheet.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
4
658
Journal entries of gift received by firm
Accountancy
answered on 30-Apr-23 14:03
1-What are the journal entries of gift received by firm/company in the form of kinds 2 does free service taken by a firm is also considered as gift
latest answer
You would add it to asset/inventory and credit P&L/ Retained Earnings
Anjali S
CA Inter
★ 0
2
560
Perquisite to direct labour is record in manufacturing a/c?
Accountancy
answered on 30-Apr-23 11:46
Does refreshment, food expense & any other perquisite or contribution to pf by employer for direct labour are recorded in manufacturing a/c and considered as part of production cost??
latest answer
Yes those all are employee cost
Atharv Sankliya
CA Final
★ 3K+
1
475
Bonus, Pref Shares
Accountancy
answered on 30-Apr-23 15:25
What reserves and in which order can we use them to 'Issue Bonus Shares' and 'Redeem Pref Shares'
latest answer
Bonus shares - CRR - Securities Premium - P&L balance For redemption of preference shares - Free reserves.
Kriti Iyer
CA Inter
★ 3K+
2
459
Markup a/c departmental accs
Accountancy
answered on 30-Apr-23 15:26
There is difference in solution in old material and nee material in markup acc which one we need to follow
latest answer
Both can be followed.
Neha
CA Inter
★ 3K+
1
400
Investment accounts
Accountancy
answered on 30-Apr-23 10:42
Why is the dividend adjusted against the cost of purchase and why the bonus and right issue is not adjusted?
latest answer
It's okay
Shaviri Reddy
CA Inter
★ 1K+
6
621
Firm's Rent waived by landlord accounting
Accountancy
answered on 30-Apr-23 15:28
Is there any accounting treatment for the rent waived by landlord during pandemic Does it is considered as gain for the purpose of accounting?
latest answer
If rent waived off there is no accounting requirement. However as you move to CA Inter/CA Final you will understand the concept of lease accounting where you will see the impact of rent waived etc.
Anjali S
CA Inter
★ 0
8
425
Sales promotion expense as cost of production
Accountancy
answered on 30-Apr-23 15:28
Does sale promotion expense is a part of cost of production if the promotional gift is inbuilt in product Like free premium of Netflix, YouTube in mobile phone Or we have to record it in p&l a/c as sales promotion expense?
latest answer
Yes
Atharv Sankliya
CA Final
★ 3K+
3
428