Hire Purchase

answered on 10-Oct-22 15:25

It is written in the ICAI module that Hire purchase is governed by Hire Purchase Act 1972. But the Hire Purchase Act was repealed in 2005. how can it be a governing law?

latest answer

Okey sir!

Jitendra Kumar

CA Final

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Final accounts

answered on 08-Oct-22 08:38

Opening stock - â?¹ 150500 Purchases - â?¹437000 Manufacturing Expenses - â?¹ 85000 Expenses on Sales - â?¹ 33000 Sales - â?¹ 625000 Additional information: During the year damaged goods costing â?¹12000 sold for â?¹5000 . Barring the above transaction the gross profit has been @20% on Sales. Prepare trading a/c To find closing stock .

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625000-33000=592000 12000-5000= 7000 592000-7000= 585000 20% of 585000= 117000

Tanya

CA Inter

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253

Provision

answered on 10-Oct-22 12:32

What is the difference in the given provisions Voting - 74% Share - 26%

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old provision.

venkatesh sundharamoorthy

CA Final

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Subsidiary Books

answered on 08-Oct-22 17:15

Can please anybody check and tell me Is this format of table correct as per Icai format ?

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Thank you

Ardhendu Sekhar Acharya

CA Inter

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310

Profit or loss pre and post incorporation

answered on 10-Oct-22 12:28

Please find the sales ratio and kindly show the calculations

latest answer

It said increased by 3/5th. Not 3/5th of average. So average in pre - x Average in post = x + 3/5 of x

Dhakshana Dhakshana

CFA L2

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Admission of partners

answered on 08-Oct-22 06:58

IV point What it's mean

latest answer

I have highlighted

Nakul Dixit

CA Final

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243

Investment account

answered on 05-Oct-22 14:05

can anyone say how they calculated cost of debentures converted?

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Thanks

theee k

CA Final

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253

Redemption of preference shares

answered on 10-Oct-22 12:25

Sir,in the videos u had said that if there is a shortage of funds ,then you must divide the shortage by issue price of share s,and if there is an inadequacy to transfer to crr,then we must divide such a shortage by face value of equity shares to determine number of shares to be issued ....how do we know in a particular q if equity is being issued due to shortage of funds or because of inability to transfer to crr

latest answer

If they ask to maintain minimum bank balance - you need to check for shortfall first for bank balance. Then check if reserves are enough for CRR. I have done a specific video on this and is available in the course.

SANSKRITI BADRI 2111339

CA Final

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Insurance claim for loss of stock and loss of profit

answered on 05-Oct-22 09:22

There are various formulas in this chapter for loss of stock how can I assume i should have to apply for this case study could you please give me the suggestion

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Bro Did u get it ....

MPR Sanjay Kumar

CA Inter

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270

Admission of partners

answered on 08-Oct-22 07:01

Anyone can tell me why we prepare memorandum revaluation account. What is importance of this a/c?

latest answer

For no change in balance sheet we prepare Memorandum revaluation account

Nakul Dixit

CA Final

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