Company Accounts

answered on 01-Nov-22 22:08

Can anyone explain these two points

latest answer

Thank you . As mentioned in ur profile if u are going to write inter exams from tomorrow I wish you best of luck brother

Jahnavi Jaijapuram

CA Foundation

★ 6K+

6

258

Company Accounts

answered on 01-Nov-22 20:51

Can anyone explain 3 rd Roman number in illustration 7 ... Please

latest answer

Thank you . Can you please tell what is the amount to be refunded and adjusted against allotment

Jahnavi Jaijapuram

CA Foundation

★ 6K+

2

216

Applicability of AS

answered on 02-Nov-22 06:45

Anyone state the limit for LEVEL 1..2..3.. ENTITIES in non corporate affairs and for also corporate affairs

latest answer

Yes sir .. Thank you sir��

mugi Mugilan

CA Final

★ 12K+

5

279

Cash flow

answered on 03-Nov-22 11:25

Tds treatment in cashflow, what ?

latest answer

Yess sir, Thanks to you

krishnan venkatesan

CA Final

★ 25K+

16

329

Capital Maintenance

answered on 01-Nov-22 16:07

Is this part important from exam point of view? That, 1.Financial Capital Maintenance at Historical cost 2. Financial Capital Maintenance at current purchasing power 3.Physical Maintenance at current cost

latest answer

Okay Sir

Swetha S

CA Inter

★ 15K+

3

284

Departmental Accounts

answered on 06-Nov-22 11:41

Can anyone explain me stock reserve part

latest answer

Pls share your working.

theee k

CA Final

★ 435

4

552

May 22 exam

answered on 04-Nov-22 10:04

Sir can any one explain cogs ratio

latest answer

Which calculation?

Pandusml V

CA Final

★ 4K+

6

292

Insurance claim for loss of stock and loss of profit

answered on 01-Nov-22 15:46

Can anyone explain me the concept Sales of the first quarter 20x1 250000Ã?100/115=17,390 This regarding question attached below

latest answer

Sale of Current Year 1st Quarter is 2,50,000, Given in Question that Current year sales are increased by 15%,therefore this 2,50,000 is 115%, The Sales for the same period Previous Year will be 100%, So Previous Year 1st Quarter sales will be (2,50,000/115) * 100 = 2,17,390, Total sales of previous year is 10,00,000( given), So rest 3 Quarter sales will be 10,00,000 - 1st Quarter sales,ie 10,00,000-217390 = 7,82,610

Subash Chandrabose

CA Final

★ 32K+

1

228

Bad debt recovered

answered on 01-Nov-22 19:21

Bad debt recovered is credited to profit and loss account or credited to p&l adjustment a/c ?

latest answer

While journalizing for bad debts, Debtor's personal account is credited and bad debts account is debited because bad debts are treated as loss to the firm and now when they are recovered it is seen as a gain to the business. So, they are transferred to Profit and Loss Account

Atharv Sankliya

CA Final

★ 3K+

12

308

Goodwill - Super profit method

answered on 01-Nov-22 13:15

Can anyone Please explain how to calculate goodwill using Super profit method using Normal rate of return on Fixed capital ( questions of amalgamation, conversion, sale of partnerships). I couldn't find how they derived normal profit. Please explain the steps to find Goodwill

latest answer

Super profit = average profit - normal profit Normal profit = capital employed x normal rate of return Note: to find goodwill there are 2 ways you can either take goodwill to be certain times of super profit or use capitalisation method. Hope this is what you use in Inter too.

Manoj Raj

CA Final

★ 12K+

1

272