ICAI Q2Chap admissio of partner in memorandum revaluation account first prepare memorandum account all all adjusted after balance in old psr it was come gain then be do apposited then new PSR COME 12 :8:5 LOSS 18700 12480 7800 IS IT COMPALSORY

answered on 25-Jan-23 09:23

To transfer loss in partner capital alc if nothing is mensation and Q silent so I transfer p/L or not

latest answer

Assume sacrifice ration is old psr.

R K

ACCA Skill

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217

Death of a partner

answered on 24-Jan-23 09:26

If in the question they had mentioned profit, goodwill, policy to be credited till the date of death that 30.9.2019, how would the working notes be different? Can you show it pls?

latest answer

You would have calculated profits proportionately till 30-Sep.

Vedant Vijay

CA Foundation

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364

Single entry

answered on 18-Jan-23 18:20

Why amount stolen in may 21 has been added

latest answer

It is stolen from his house...it might be cash drawings made for personal expenses and that cash has been stolen...i don't know correctly but i think it is treated as personal and is added to capital.

Aditya Shivam

CA Inter

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243

Advance accounts - ESOp

answered on 21-Jan-23 21:40

Check whether my answer is correct or incorrect? I attached the question and answer below Please reply

latest answer

On 30 June, you have to debit esop outstanding ac instead of emp cost.

Krishnan K

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Capital VS deferred revenue expenditure

answered on 20-Jan-23 22:38

The benefit of which expenditure is not exhausted within a year it is incurred and is extended to future years. State it.

latest answer

Deferred revenue expenditure

Dova Shaji

CA Inter

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367

Death of a partner

answered on 19-Jan-23 09:49

In the given question why is IOC not credited to other partners?

latest answer

IOC (interest on capital) is provided only deceased partner because it's prepared between accounting year not the end of accounting period

Vedant Vijay

CA Foundation

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AS 18

answered on 18-Jan-23 19:48

Whether transactions between the related parties during the period of relationship also to be disclosed in case of Significant influence relationship or only names and nature of relationship to be disclosed if there are transactions during the period of relationship?

latest answer

Thank you sir

Nivedha Balaji

CA Final

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AS 18

answered on 17-Jan-23 20:21

Whether co-venturer is a related party or not?

latest answer

if it is joint venture then it is related party

Nivedha Balaji

CA Final

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217

Closing value of investment - short term

answered on 18-Jan-23 10:40

A share of rs 1000 (cost) is valued at the end of FY2021 is 900 (market price) what will be the closing value at the end of fy22 if market price at the end of Fy22 is 950 ? Note : share is purchase during FY21 @1000rs

latest answer

950.

Atharv Sankliya

CA Final

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232

accounting standards

answered on 17-Jan-23 10:10

I want solutions for accounting standards illustrations .please send me as early as possible

latest answer

They are in videos

Bhuvana reddy Pulusu

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