Forums
Depreciation
Accountancy
answered on 29-Nov-22 22:28
Answer to these question
latest answer
@vignesh psb Take it...btw can uh tell me this question is which year..
Vignesh Psv
CA Foundation
★ 8K+
2
385
Inventories
Accountancy
answered on 29-Nov-22 16:24
Please explain the 3rd problem.
latest answer
I hope you got it, if not mention where you didn't get the answer.
Bhavana
CA Inter
★ 11K+
2
314
Small doubt
Accountancy
answered on 29-Nov-22 17:17
in given below image can we combine that 2 entires into one is it correct or not
latest answer
Ok
Balachandar S
CA Inter
★ 59K+
7
312
Subscription entry in Income and Expenditure account
Accountancy
answered on 29-Nov-22 20:06
Can anybody please suggest should I do the calculation for Subscriptions A/C as I have done in the photo or should I make a distinct Working note to calculate the Subscriptions A/C ?
latest answer
Yes ok but I mean "O/S" is it ok or should I write "O/S Subscription" in full ?
Ardhendu Sekhar Acharya
CA Inter
★ 250
9
378
Other long-term liabilities
Accountancy
answered on 01-Dec-22 10:57
How can a trade payable be a long term liability?
latest answer
If say one creditor gives a credit period of 1.5 years. The average credit period is about 6 months. So the specific creditor become long term.
Snehashis Mohanty
CA Inter
★ 35
3
332
Sale of goods on approval/ return basis
Accountancy
answered on 29-Nov-22 22:16
Please explain this sum in detail
latest answer
Okay I understood thanks for clarifying ð???
Anitha V K
CA Inter
★ 4K+
9
1K+
Sale of goods on approval/return basis
Accountancy
answered on 29-Nov-22 11:10
Usually when customer didn't send any information about the approval of goods means we consider it as sale but in the question the goods where send on sep 15 so it will end by Dec 15 but why the goods has been considered as return when though the approval period ends
latest answer
Yes
Anitha V K
CA Inter
★ 4K+
1
737
BUY BACK OF EQUITY
Accountancy
answered on 28-Nov-22 15:40
Can securities premium be used for CRR creation as per the buy back provisions or not
latest answer
Generally securities premium can be used. But companies whose financial statements are complied with Accounting Standards under sec 133 cannot utilise its securities premium to provide for redemption. For exam purpose, it is assumed that the company is prescribed under sec 133. So don't use securities premium. Use only free reserves eg P/L Hope its helpful
R Yashwanth Kumar
CA Final
★ 87K+
2
361
BRS
Accountancy
answered on 28-Nov-22 18:57
In the attached question sub question (x), when dishonour entry is recorded only in passbook, Overdraft as per cash book will be less. So in order to arrive at overdraft as per CB, we need to subtract 3100 from 75000 right?. Kindly verify and correct me if I am wrong. Thankyou.
latest answer
Yes sir, usually i do my BRS like this.
Aswin Chandar
CA Final
★ 40K+
11
365
Journal entry
Accountancy
answered on 28-Nov-22 12:36
Can we write 4th transaction as: Cash A/c 10000 To Commission A/c 5000 To Commission received in advance A/c 5000
latest answer
Yes
Ameena Yasmine PA
CA Inter
★ 3K+
3
591