Forums
As9
Accountancy
answered on 08-Apr-25 13:41
Sold goods of rs500000 1/1. Certainty received on 5/6. Till then how will it be recorded at pl
latest answer
It will not be recorded. Closing stock would be reduced and corresponding loss would be booked automatically
Sushmita Chowdhury
CA Inter
★ 2K+
3
98
Loan and advance from related parties
Accountancy
answered on 05-Apr-25 11:51
Loans and advances from related parties are written under short term borrowings in the ICAI material 🫡Could anyone explain that!
latest answer
Assumption that its short term.
Aswathy Omanakuttan
CA Inter
★ 0
1
82
As24
Accountancy
answered on 09-Apr-25 17:09
Bathing soap to washing soap, if this is gradually phasing out, then it’s not AS24, but if instead close of bathing soap at once and only keeping washing soap, then it’s AS24 ?
latest answer
gradual phasing out doesn’t meet the “single coordinated plan to dispose/terminate” condition. In the second scenario, Bathing soap is a separate major line of business, and The shutdown is part of a single coordinated plan (e.g., board decision, formal plan, etc.).
Sushmita Chowdhury
CA Inter
★ 2K+
2
99
Partnership ( admission)
Accountancy
answered on 09-Apr-25 17:11
Whether we assumed that goodwill was also brought in by cash or not . Is it necessary to record the goodwill in the partners capital account , in some cases we didn't record it the goodwill in the partners capital account . In What cases goodwill should be mentioned in the partners capital account
latest answer
Goodwill as a ledger is not recorded in capital account. We credit old partners in the ratio of their sacrifice ratio. oR you can credit old partners in old ratio and debit all partners in new ratio. For goodwill that is brought in cash, we credit the capital account of partner who has brought the goodwill amount. Even in this case old partners will be credited with gaining ratio.
Clement A
CA Foundation
★ 0
1
163
Eps
Accountancy
answered on 03-Apr-25 11:24
In this question dates are not mentioned then why 3m and 9m taken
latest answer
It’s solved
Sushmita Chowdhury
CA Inter
★ 2K+
2
101
INTEREST
Accountancy
answered on 09-Apr-25 17:19
Sir Is it like the interest expense amount 10,000 is outstanding and the interest amount 10,520 actually paid Why are not taking the 10520 when computing cash flow from operations We would have deducted in profit and loss account
latest answer
What we have considered in P&L as expense is added back. What is paid in cash is deducted as a cash outflow.
AKASH V
CMA Inter
★ 290
1
150
As7
Accountancy
answered on 09-Apr-25 17:25
Why answer if 360 Total contract value is 370, total cost 360+50 =410 then loss is not taken here why
latest answer
Solution is incorrect.
Sushmita Chowdhury
CA Inter
★ 2K+
3
119
questions
Accountancy
answered on 30-Mar-25 06:25
sir can we enter it as compound journal for bank a/c dr 51500 bill recivable a/c dr 50000 to rita a/c 101500
latest answer
Yes
Mohnish U
CA Foundation
★ 2K+
1
114
presentation
Accountancy
answered on 27-Mar-25 18:57
can we write the working note first and the can we write the answer in main exam
latest answer
Yea
Mohnish U
CA Foundation
★ 2K+
1
105
Branch
Accountancy
answered on 26-Mar-25 12:30
Explain point 6 in simple language
latest answer
Keeps the cost and profit margin hidden from branch managers, preventing misuse (like starting a competing business). Helps in stock control — by ensuring: Opening Stock + Goods Received (at invoice price) – Sales = Closing Stock. Ensures uniform pricing across branches and reduces branch-level pricing tasks.
Sushmita Chowdhury
CA Inter
★ 2K+
1
101