Profit prior

answered on 29-Oct-22 19:26

How to find purchase price ratio in thiz question

latest answer

Ok

PANTH PANCHOLI

CA Inter

★ 4K+

4

200

Inventory

answered on 30-Oct-22 17:37

Can anyone tell me the treatment of SALE ON APPROVAL BASIS. In this question

latest answer

Yes bro you are right, thank you for identifying the mistake.

Anvar Ansari

CA Inter

★ 2K+

19

271

Bad debts agreement 450writee off during the year in the sale ledger but we're not adjusted in the general ledger

answered on 29-Oct-22 14:47

Bad debts agreement 450writee off during the year in the sale ledger but we're not adjusted in the general ledger

latest answer

Bad debt A/c .....Dr. 450 To suspence a/c. 450 (Being entry was recorded in sale ledger but not in general ledger one sided error)

R K

ACCA Skill

★ 9K+

2

1K+

Chapter 2 Rectification of error

answered on 05-Feb-23 20:37

Bad debts agreement 450writee off during the year in the sale ledger but we're not adjusted in the general ledger

latest answer

Thanks

R K

ACCA Skill

★ 9K+

2

232

Npo

answered on 29-Oct-22 11:33

In these question , I underlined , how rupees 9000 received after finding an outstanding subscription in account form the value is rupees 15000 . Then why again we are writing ; Outstanding subscription 2019-2020 = 15000-9000 =6000

latest answer

That is just a breakup of total outstanding subscription. Previous year O/S 16,000 out of which 7000 is received in the current year. So 9,000 is O/s for 2018-19 Balance is O/s for. 2019-20

Vignesh Psv

CA Foundation

★ 8K+

1

222

Consignment

answered on 29-Oct-22 11:58

Can anybody please explain to me the logic or concept behind No. 2 and No. 3 entry ?

latest answer

In 2nd entry Consignor is debtor for consignee. So we debit him.

Ardhendu Sekhar Acharya

CA Inter

★ 250

11

254

Consignment

answered on 29-Oct-22 11:26

Can anybody tell me where is entry no. 7 done ? because in the book no where this entry has been done in form of a question or solved example

latest answer

Ok sir Thank you

Ardhendu Sekhar Acharya

CA Inter

★ 250

2

209

Valuation of raw material when FG is sold at below cost

answered on 29-Oct-22 09:28

At what value will the rm be valued at 1.replacement cost 2.lower of replacemt cost or actual cost

latest answer

Thank you sir

mani charan

CA Final

★ 3K+

2

264

Partnership account

answered on 29-Oct-22 07:58

Here why we have not given Dr to pand l appropriation instead of salary ac and in case of interest given Dr to pand l appropriation ac

latest answer

Salaries, interest paid are nominal accounts, which will be finally transferred to p&l appropriation a/c at the end. Hence, they made net entry with p&l appropriation a/c.

Samarth Kshatriya

CA Inter

★ 1K+

1

218

Bills of exchange

answered on 29-Oct-22 00:04

In this answer, can we write stay away in a single journal like I did.

latest answer

Ok bro, I will follow like. Thank you ������

Vijay K

CA Inter

★ 9K+

5

300