Partnership

answered on 12-Dec-22 00:17

How did A got Rs.2000??? 3rd entry By Cash

latest answer

That's the capital brought in by cash..so credited

Prathmesh kharul

CA Foundation

★ 3K+

4

241

Depreciation

answered on 11-Dec-22 10:19

How is percentage for depreciation decided???

latest answer

The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. 

Prathmesh kharul

CA Foundation

★ 3K+

4

238

Partnership

answered on 11-Dec-22 10:24

Is revaluation and realisation a/c same??

latest answer

Revaluation account is an account prepared to ascertain the variation in the values of the assets and liabilities of the firm. Realisation account is an account prepared to ascertain the net profit or loss on the sale of assets or discharge of liabilities. Only those assets and liabilities which are revalued.

Prathmesh kharul

CA Foundation

★ 3K+

5

338

Goodwill valuation

answered on 12-Dec-22 17:13

Why overvaluation of opening stock is added?? Shouldn't it be subtracted??

latest answer

Sir's method is easy for evaluation of good will

Jaswanth P

CA Inter

★ 3K+

3

1K+

share capital

answered on 21-Jan-23 00:14

whether a Company can accept the whole or a part of the amount remaining unpaid on any shares even if no part of that amount has been called up.?

latest answer

Yes, it is called as "CALLS IN ADVANCE". But they won't get voting rights until that amount is called up .

Kamal Kumar

CA Inter

★ 7K+

9

231

Incomplete records

answered on 11-Dec-22 21:21

Purchases value has been derived after considering returns, then why we need to again deduct in trading a/c?

latest answer

Got it sir

Sugam SM

CA Foundation

★ 9K+

7

236

One day before exam

answered on 10-Dec-22 12:38

If any one has been taken notes related to account standard Ines

latest answer

If you want to revise , then use free AS materials and flash cards in free resources

Siva subramaniam M

CA Inter

★ 105

2

272

Inventory valuation by Standard cost method

answered on 10-Dec-22 14:36

Is Practical problems of Inventory valuation of Standard cost method not a part of CA foundation syllabus ?

latest answer

Inventory valuation problem's, main point is itself finding the cost per unit If question only gives cost per unit, then there is almost no point in testing us That's why problems are not there. However, it doesn't mean that they are not a part of the ca foundation exams

Ardhendu Sekhar Acharya

CA Inter

★ 250

1

297

Profit and loss appropriation a/c

answered on 09-Dec-22 21:55

What is the order that we should use for writing the expenses Here, first interest on capital is written and then reserve is made out of the balance. Why can't we first make reserve and then charge the remaining items??

latest answer

Reserve appropriation is done at last.

Jaswanth P

CA Inter

★ 3K+

6

415

Incomplete records

answered on 10-Dec-22 08:44

Sir why didn't u consider impact of depreciation in closing balance?

latest answer

Yes sir it was mentioned in question itself.

Sugam SM

CA Foundation

★ 9K+

5

266