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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

Rishit Tiwari

CA Inter

425

3

469

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

Vijay K

CA Inter

9K+

3

514

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

Monika T

CA Final

7K+

8

446

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

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

Sai G

CA Inter

6K+

8

536

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

Prathmesh kharul

CA Foundation

3K+

5

457

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

Sai G

CA Inter

6K+

5

410

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

Sugam SM

CA Final

9K+

4

562

Company Accounts

Accountancy

answered on 12-Dec-22 12:11

Instead of doing like this...Can we do the journals separately for 5000, 30000, 320000 shares..??

latest answer

They will not reduce

LAVANYA M

LAVANYA M

CA Final

3K+

4

415

Sale or return basis

Accountancy

answered on 12-Dec-22 12:09

How 33*1÷3% be calculated

latest answer

You will understand

Lathika

Lathika

CA Inter

6K+

14

528