BRS

answered on 21-Oct-22 11:51

Please answer Q.no 9 (3) anybody

latest answer

As we take balance as per passbook, we should add 16,000 to it.

Ardhendu Sekhar Acharya

CA Inter

★ 250

3

258

AS 5

answered on 23-Oct-22 16:36

Explain the answer with provisions.... I am not able to understand the given answer completely

latest answer

AS - 5 - the part related to expense is related. Paid under protest means the company does not agree to the demand. They have paid the amount but are disputing it. If they win the case, they will get it back.

Sajeetha R

CA Final

★ 46K+

3

373

NPO

answered on 21-Oct-22 09:11

Please look in this question it is given "for the year ended March 31, 2018" This means the year 2017-2018. Right ? So the subscriptions for the year 2017-18 is 60000. Why in Income and Expenditure A/C it has put Subscriptions as 350000 that is the subscription amount for 2018-19.

latest answer

Esa kuch nahin hai question mein mistake hai 60000 ko 2017-18 mein likhna chahiye tha..question galat hai..matlab printing mistake

Ardhendu Sekhar Acharya

CA Inter

★ 250

6

276

BRS

answered on 28-Oct-22 12:55

Positive balance of Pass book is Cr or Dr ?

latest answer

Positive balance in pass book = Dr . bal in bank book in entity accounts Negative balance / Dr. balance in pass book i.e. overdraft = Cr. bal in bank book in entity books

Ardhendu Sekhar Acharya

CA Inter

★ 250

5

229

How to calculate

answered on 20-Oct-22 18:14

Gross profit ratio

latest answer

Ok

TARGET CMA

CMA Inter

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4

291

#1 Question for the day (Foundation)

answered on 23-Oct-22 01:48

Write the answer on a sheet and present it as if you write in exam. Send the photo by 8 pm. #Nov22 #Practice Mr. Joshi's trial balance as on 31st March, 2020 did not agree. The difference was put to a Suspense Account. During the next trading period, the following errors were discovered: (i) The total of the Purchases Book of one page, Rs.5,615 was carried forward to the next page as Rs. 6,551. (ii) A sale of Rs. 281 was entered in the Sales Book as Rs. 821 and posted to the credit of the customer. (iii) A return to creditor, Rs. 295 was entered in the Returns Inward Book; however, the creditor's account was correctly posted. (iv) Cash received from Senu, Rs. 895 was posted to debit of Sethu. (v) Goods worth Rs. 1,400 were dispatched to a customer before the close of the year but no invoice was made out. (vi) Goods worth Rs. 1,600 were sent on sale or return basis to a customer and entered in the Sales Book at the close of the year, the customer still had the option to return the goods. The gross profit margin was 20% on Sale. (vii) Rs. 600 due from Mr. Q was omitted to be taken ·to the trial balance. (viii) Sale of goods to Mr. R for Rs. 3,000 was omitted to be recorded. You are required to give journal entries to rectify the errors in a way so as to show the current year's profit or loss correctly.

latest answer

Oh yes! Thank you so much for the correction....

Sudha Reddy

CA Final

★ 20K+

4

7K+

Partnership firms

answered on 20-Oct-22 12:59

Do I need to prepare only Profit and Loss Appropriation account for this question or both Profit and Loss account and Profit and Loss Appropriation ? (Q.no 18) Please check

latest answer

Thank you

Ardhendu Sekhar Acharya

CA Inter

★ 250

9

276

Bonus and rights issue

answered on 19-Oct-22 20:08

In this question how to calculate the bonus shares ratio

latest answer

Ok fine In order to issue bonus shares first of all we need to ensure the equity shares are fully paid So if theres any un paid shares then we need to assume the payment for such shares has been received and bonus shares can be allotted for such shares Ok in the same ratio refers to If u re having 1 share in existence then u will be allotted 1 bonus shares Nothing but 1:1 ratio

Subramanyam N

CA Inter

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3

380

Doubt

answered on 21-Oct-22 17:31

According to whole syllabus. In partnership what is the probability to come retirement or death questions in exam? Is it important or not

latest answer

A detailed past paper analysis is available under free resources. You can also refer to some of our revision lectures on youtube.

Nakul Dixit

CA Final

★ 4K+

7

278

Mock Test

answered on 19-Oct-22 13:43

How many number of Mock Test One Should Give Before Exam? Is One Mock Test sufficient after solving all RTP and Module Illustrations? And I will revise other questions in other mock test series and other past year questions after I give one mock test... okey? What should be average time for preparation after we appear for Mock Test? Is One Month Sufficient Time for Revision after I appeared for Mock Test?

latest answer

Yaa and also refer to weightages given by ICAI ha. They play important role for paper setters and us to. hehe

B A

CA Foundation

★ 10

8

337