Forums
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
663
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
568
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
479
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
464
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
402
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
631
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
427
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
432
Pre post
Accountancy
answered on 30-Apr-23 15:30
Explain this point
latest answer
This is basically interest paid to vendors from the date of taking over till date of incorporation. Anything post incorporation, you will show in post incorporation.
Sugam SM
CA Final
★ 9K+
2
460
Pre and post incorporation
Accountancy
answered on 29-Apr-23 21:36
While solving problems are we supposed to write the proper p and l format ? In some places it’s given in proper format, and sometimes it’s not .. which should I follow
latest answer
Normal format given in class is fine
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
485