Journal

answered on 08-Oct-22 22:31

Journal and journal (proper) mein difference

latest answer

Refer

Gothrough This

CA Foundation

★ 445

4

311

Consolidated finanacial statements

answered on 10-Oct-22 11:00

If holding company H ltd sold goods to subsidary S ltd ( In which H ltd has a share of 60%) for rs.20,000,cost to Hltd is rs. 18,000 then how much should be deducted while calculating pre and post aquisition profits ...Is it 20000-18000=2000 or 2000*60%=1200..?

latest answer

Thank you sir

Anusha narayana

CA Inter

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5

262

Partnership account

answered on 28-Oct-22 14:15

Case (I) . Please solve anyone

latest answer

Pls refer to the attached solution.

Harshita Tripathi

CA Inter

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3

348

Journal Entry

answered on 08-Oct-22 14:21

What will be the entry for:- Credit sales done today & Payment for Credit Sales received in 2 days.

latest answer

Customer account dr $$$$ To sale account $$$$ Cash account dr 0000 To customer account 0000

Prathmesh kharul

CA Foundation

★ 3K+

6

332

Managerial remuneration under section 197

answered on 07-Oct-22 14:06

As per companies act 2013 section 197 describes about the managerial remuneration which means salary payable to the key managerial persons The managerial remuneration should not exceed the 11% of net profits ( if they wants to increase hair percentage means they should receive the permission from central government by passing the special resolution) 11% does not exceed is main. If one whole time director , managing director and manager means not exceeding of 5% if one more whole time director managing director and manager means not exceeding of 10% (more persons) If the company does not have full time managing director whole time director means 3% of net profits.. if the companies does not have managing director whole time director or manager 1% of net profits please kindly check whether I mentioned correct not if there is any mistake please clarify me

latest answer

It's okay bro.

MPR Sanjay Kumar

CA Inter

★ 490

3

480

Difference btw bills payable book and purchase book

answered on 10-Oct-22 12:09

Difference btw bills payable book and purchase book through question and solution

latest answer

At the time of purchase itself if a bill is accepted by the buyer.

Gothrough This

CA Foundation

★ 445

5

290

Redemption of debentures

answered on 10-Oct-22 12:33

In illustration 7 what happens to 13.5%interest on debentures . It has not been charged to p&l or adjusted against bank balance.

latest answer

If I give you a balance sheet on 30th June, it implies that all interest accrual and payment are completed unless it is mentioned that the interest is not booked or there is an interest payable in the balance sheet.

Jayanth

CA Final

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5

292

Question Practice

answered on 10-Oct-22 11:58

Accounting practice book if any please suggest. As the Icai module contains very less number of questions. Any book for further practice in Accounting Paper 1 ?

latest answer

Study material + RTP + Past papers. Then look at other sources.

Ardhendu Sekhar Acharya

CA Inter

★ 250

12

381

Amalgamation

answered on 10-Oct-22 12:36

Which one shall be taken for purchase consideration.

latest answer

S sir understood,thanks sir

Saravanan Murugan

CA Final

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7

342

Amalgamation chapter - journal entry

answered on 07-Oct-22 11:16

ii) debentures point journal entry for both illustration 1 and 2 of amalgamation chapter

latest answer

Tq debentures entry not needed bcz of purchase consideration computation but i thought of knowing it

Sai Swetha

CA Final

★ 7K+

3

275