DRR Investment

answered on 13-Oct-22 11:34

If we calculate DRR Investment based on value of debentures maturing between 30/04/y1 and 31/03/y2, will the debentures maturing between 01/04 to 29/04 of y1 be unaccounted?

latest answer

Pardon me sir I didn't refresh the page and so saw your message after I posted that question. Thanks a lot for your response sir

Aswin Chandar

CA Final

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AS 9

answered on 13-Oct-22 12:08

Can anyone explain me illn 3

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Thank you sir

theee k

CA Final

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221

Can we post entry in ledger after preparing trial balance

answered on 13-Oct-22 21:05

Can we post entry in ledger after preparing trial balance or it is only adjusted through adjustment of final account

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yes

Atharv Sankliya

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Accounting standard

answered on 12-Oct-22 20:12

Can anyone explain me this please

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Thanks

Shankari C

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Important

answered on 12-Oct-22 13:17

1 & 2 chapters important in Accounting group 1? Any questions are asked from that ?

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Ok sir

Shankari C

CA Inter

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270

Insurance claim

answered on 12-Oct-22 03:18

In this question i am getting answer as 66,000 But in solution it is given as 64,000

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You calculated profit by considering 5% increase in sales amount but not considered 10% increase in cost of good sold So as per your calculations profit is 55,000 So, cost of good sold should be 50,000 (105000-55,000) But this 50,000 is before considering 10 % increase in cost of purchase Out of 50,000, 30,000 is from opening stock So, balance 20,000 is current period purchase which is affected to cost increase So, revised cost shoul be 20,000/100*110 22,0000 Revised cost of good sold=30,000+22,000 =52000 Revised profit=105000-52000 =53,000 (Fifo method assumption) Out of 88,000 purchase 22,000 cost of good sold along with 30,000 opening Balance=88,000-22,000 =66,000 After 2000 salvage 64,000 loss of stock

Subramanyam N

CA Inter

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AS 29

answered on 11-Oct-22 21:36

As per the AS 29 does the Provisions for doubtful debts can be called as a provision or not

latest answer

Its not a provision It is adjustment to an asset

CHINTHA SHARAN

CA Inter

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222

Revaluation loss

answered on 11-Oct-22 10:01

A machine is revalued downward and no Balance in revaluation surplus then it is charged to p&l by which name ??

latest answer

The revaluation profit/ loss is transferred to the capital accounts of all partners.

Atharv Sankliya

CA Final

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Is it mandatory to prepare assets disposal a/c

answered on 10-Oct-22 23:38

Is it mandatory to prepare assets disposal a/c in case of provision for depreciation??

latest answer

Prepare if asset is sold during the year.

Atharv Sankliya

CA Final

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Partnership

answered on 12-Oct-22 13:58

Please anyone prepare cash and bank account

latest answer

Please try solving and post your answer. You will learn better from your own mistakes than from other's correct answers

Harshita Tripathi

CA Inter

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