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Branch Accounts
Accountancy
answered on 14-Dec-22 18:06
Why do Branch Accounts does not include Doubtful Debts & Debts recovered but only Bad Debts?
latest answer
Because it accounts only for the transaction that has happened and no uncertainty accountability.
Udaya Kumar
CMA Inter
★ 920
1
289
Doubt
Accountancy
answered on 22-Dec-22 11:57
Why salary and rent is not written in partners capital account
latest answer
OK sir thank you
sai t
CA Foundation
★ 2K+
4
336
Why abnormal sale is reduced from sales ??
Accountancy
answered on 14-Dec-22 09:39
Why abnormal sale is reduced from sales ??
latest answer
It is not actually removed from sales. Just that they are separated from normal sales to get correct picture of gross profit ratio.
Atharv Sankliya
CA Final
★ 3K+
3
819
Average due date - base date assumption
Accountancy
answered on 14-Dec-22 16:55
Please tell on what basis average due date's base date has to be taken
latest answer
Base Date It is at your discretion. You can take any date as base date for such calculation. The answer would be the same.
Anitha V K
CA Inter
★ 4K+
7
324
BRANCH ACCOUNTING
Accountancy
answered on 15-Dec-22 12:00
why we use AS 11 TO convert FS of Indian branch belonging to a foreign company HO. Since to them AS of different country is applicable?
latest answer
Sorry - I misunderstood your question. If HO is foreign company then the Foreign Company will prepare financial as per applicable IFRS and the indian branch financials would be converted using IFRS. You will understand Ind AS at CA Final level which is equivalent to IFRS.
SK Png
CA Inter
★ 0
5
416
Rectification of errors
Accountancy
answered on 13-Dec-22 11:34
Goods sold to Roopak for â?¹ 1,000 and to Sagar for â?¹ 1,800 recorded correctly in the Sales Book. However, â?¹ 1,800 was posted to Roopak and â?¹ 1,000 to Sagar. What is the rectification entry?
latest answer
thanks you very much
Monika T
CA Final
★ 7K+
4
466
Bills of exchange
Accountancy
answered on 13-Dec-22 04:44
How to calculate the second bill discount amount? Cash a/c Dr. 2825 Discount a/c Dr . (?) To Anup a/c. (?)
latest answer
I got the answer it's Discount to be borne by Suresh =10000+2825= 12825 =12825/17100Ã?400=300
Rishit Tiwari
CA Inter
★ 425
3
313
Subsidiary books
Accountancy
answered on 12-Dec-22 22:37
In illustration 5, why we are posting only two purchase return entries which has debit note, while not the other two.
latest answer
Thank you bro
Vijay K
CA Inter
★ 9K+
3
339
Rectification of errors
Accountancy
answered on 13-Dec-22 11:17
Cash sale of â?¹ 850 to Meenu was posted to the credit of Meena. What is the rectification entry?? and also explanation of it?
latest answer
You would have accounted for cash in cash book
Monika T
CA Final
★ 7K+
8
309
Exam questions order
Accountancy
answered on 21-Jan-23 00:09
Sir we can write the answers of the questions in any order right. Like, 1) all subsection 5) all subsection 3) all subsection 6) all subsection 2) all subsection 4) all subsection Or we have to write orderly like 1,2,3,4,5,6. In June 2022, i wrote orderly so that I can't attend for 100 marks. I had Leave 15 marks questions which I know the answers.
latest answer
Any order can be followed
Vijay K
CA Inter
★ 9K+
3
294