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Mtp
Accountancy
answered on 01-Nov-22 13:24
In this question 6 (a) ii - can anyone explain me last that three entries I got little confusion there. Anyone help me out. Thanks :)
latest answer
Hope it'll help you all.
Deepa
CA Inter
★ 18K+
6
370
AS 19
Accountancy
answered on 01-Nov-22 08:41
In f point. They recognised totally 9 laks loss ( 5+4)? how ? As per my understanding it should be the loss 1 laks (40-39) should be recognised immediatley. And excess of sales price over fair valu 4L (39-35)should be deffered and amortized over lease period. But Why they giving entry like this ?
latest answer
Sale and lease back transactions resulting in operating lease, if Sale Value > Fair Value we have two components here, i) Fair Value - Book Value : in this case Profit or Loss is immediately recognised in P& L ,given example (35L-40L=5L) ii)Sale Value -Fair Value : Here Profit or Loss is deferred and amortised over lease period ,given example (39L-35L=4L)
Balaji R
CA Final
★ 20K+
1
314
Financial statement
Accountancy
answered on 01-Nov-22 16:04
In sum question, we consider material consumed in profit and loss account and for some question, we are cosidering material purchased in p/l. How to identify which to consider? Is there any basis for this?
latest answer
For raw materials - it is always Cost of materials consumed presented in P&L For = Purchases of Stock-in-Trade - Show purchases and Changes in inventories of finished goods, work-in-progress and Stockin-Trade If it is raw material, the question would mention that.
vs navin
CA Final
★ 1K+
4
298
Dissolution of Partnership firm
Accountancy
answered on 01-Nov-22 15:34
Here how they arrived 80,000 as a Fixed capital. When the actual fixed capital is 45,000
latest answer
The question mentions fixed capital as 80,000 (sum of all partner's fixed capital)
Manoj Raj
CA Final
★ 12K+
2
296
Branch accounts
Accountancy
answered on 02-Nov-22 10:46
Please explain the 2 doubts that i have described in the below pdf....
latest answer
Ok sir thank you
James Js
CA Inter
★ 1K+
4
363
Branch accounts
Accountancy
answered on 01-Nov-22 15:36
What is the meaning of 'Branch/ H.O Current A/c' highlighted in below attached pdf? Why the value given in debit of Head office's T/B is written on credit of Branch's T/B?
latest answer
Thank you very much...... Understood
James Js
CA Inter
★ 1K+
4
346
Final accs
Accountancy
answered on 31-Oct-22 22:27
In below image i have done sum with regard to final accs... My Doubt is Is that combine entry is allowed in exam. and also tell me if i commit any mistake in that question... So that i can rectify Thanks in advance :)
latest answer
TQ sis. :)
Balachandar S
CA Inter
★ 59K+
2
307
Pre & post incorporation
Accountancy
answered on 31-Oct-22 21:53
Why is freight & carriage not apportioned in this question?
latest answer
Thank youâ?¦..I missed itâ?¦..
Swetha S
CA Inter
★ 15K+
2
294
ADD
Accountancy
answered on 31-Oct-22 21:19
Can anyone tell me whether ans is 9 of June or 8of June.....
latest answer
Yes
Balachandar S
CA Inter
★ 59K+
5
309
Inventory Valuation
Accountancy
answered on 31-Oct-22 21:21
Is the solution correct?
latest answer
Exactly... welcome!
Dharani Chakravarthi
CA Final
★ 8K+
7
309