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BRANCH ACCOUNTING
Accountancy
answered on 15-Dec-22 12:00
why we use AS 11 TO convert FS of Indian branch belonging to a foreign company HO. Since to them AS of different country is applicable?
latest answer
Sorry - I misunderstood your question. If HO is foreign company then the Foreign Company will prepare financial as per applicable IFRS and the indian branch financials would be converted using IFRS. You will understand Ind AS at CA Final level which is equivalent to IFRS.
SK Png
CA Final
★ 0
5
718
Rectification of errors
Accountancy
answered on 13-Dec-22 11:34
Goods sold to Roopak for â?¹ 1,000 and to Sagar for â?¹ 1,800 recorded correctly in the Sales Book. However, â?¹ 1,800 was posted to Roopak and â?¹ 1,000 to Sagar. What is the rectification entry?
latest answer
thanks you very much
Monika T
CA Final
★ 7K+
4
683
Bills of exchange
Accountancy
answered on 13-Dec-22 04:44
How to calculate the second bill discount amount? Cash a/c Dr. 2825 Discount a/c Dr . (?) To Anup a/c. (?)
latest answer
I got the answer it's Discount to be borne by Suresh =10000+2825= 12825 =12825/17100Ã?400=300
Rishit Tiwari
CA Inter
★ 425
3
464
Subsidiary books
Accountancy
answered on 12-Dec-22 22:37
In illustration 5, why we are posting only two purchase return entries which has debit note, while not the other two.
latest answer
Thank you bro
Vijay K
CA Inter
★ 9K+
3
506
Rectification of errors
Accountancy
answered on 13-Dec-22 11:17
Cash sale of â?¹ 850 to Meenu was posted to the credit of Meena. What is the rectification entry?? and also explanation of it?
latest answer
You would have accounted for cash in cash book
Monika T
CA Final
★ 7K+
8
444
Exam questions order
Accountancy
answered on 21-Jan-23 00:09
Sir we can write the answers of the questions in any order right. Like, 1) all subsection 5) all subsection 3) all subsection 6) all subsection 2) all subsection 4) all subsection Or we have to write orderly like 1,2,3,4,5,6. In June 2022, i wrote orderly so that I can't attend for 100 marks. I had Leave 15 marks questions which I know the answers.
latest answer
Any order can be followed
Vijay K
CA Inter
★ 9K+
3
416
Final alc
Accountancy
answered on 12-Dec-22 17:22
What to do mean for 1) ?
latest answer
Tq sir
Sai G
CA Inter
★ 6K+
8
534
Rectification of Error
Accountancy
answered on 13-Dec-22 11:53
What will be the entry for Repairs to machinery Commission paid for purchase of land
latest answer
It is expenditure related to purchase of asset which will be added to cost of asset
Prathmesh kharul
CA Foundation
★ 3K+
5
453
consignment
Accountancy
answered on 13-Dec-22 10:06
How 18700 + loading also posted
latest answer
Reverse calculation based on the stock lost value. This will give you the invoice price.
Sai G
CA Inter
★ 6K+
5
406
Incomplete records
Accountancy
answered on 12-Dec-22 16:13
Sir can I present answer like this also or should I present as u have done in class? I have calculated provision within debtors a/c.
latest answer
Yes sir got it. That mistake was blunder.
Sugam SM
CA Final
★ 9K+
4
557