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Partnership accounts
Accountancy
answered on 18-Nov-22 13:30
What's difference between partners capital a/c and current a/c
latest answer
Thank you
Harshita Tripathi
CA Inter
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2
504
Admission of partnership
Accountancy
answered on 17-Nov-22 08:42
In this question, it is mentioned that - on revaluating the assets the value of plant and machinery is reduced to 15000 , so the depreciated value should be 5000. But in the video , sir debited entire 15000 in revaluation acc . If they mentioned " by 15000 " only we should debit 15k in revaluation account right ?
latest answer
Thank u yamuna
akhil shihab
CMA Inter
★ 25
2
568
Insurance claim for loss of profit policy
Accountancy
answered on 17-Nov-22 11:04
Suppose indemnity period is 6 months We need to suggest policy amt if: Turnover of previous t financial year is 450000 and standing charges in last fin yr is 90k. Net profit earned last year is 10% of turnover and same is expected in subsequent year . Inc in turnover by 25% Additional exp-31250. Can someone solve this q n send soln pls
latest answer
Full adjusted turnover
SANSKRITI BADRI 2111339
CA Final
★ 4K+
4
525
Partnership Accounts
Accountancy
answered on 16-Nov-22 14:50
In this question, why they are involving drawings account for paying salary and rent? How this logic works?
latest answer
Basically it is routed throught drawings account instead of capital account. Ultimately all capital accounts, current accounts and drawing accounts are partner's personal account.
Naresh Sundar
CA Inter
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3
457
Branch accounts
Accountancy
answered on 16-Nov-22 11:22
Why branch profits is merged with HO as whole. Although they are independent branches? Illustration 11
latest answer
What is the question?
Sugam SM
CA Final
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3
460
Goodwill
Accountancy
answered on 17-Nov-22 10:15
Can anyone say answer for this 3 sums
latest answer
35000Ã?3 = 105000 sir . 35000Ã?4 = 140000 . Which will be the answer for your solution sir
akhil shihab
CMA Inter
★ 25
16
590
Does icai provide rough sheet in bmrs paper
Accountancy
answered on 15-Nov-22 19:35
Does icai provide rough sheet in bmrs paper
latest answer
Ok
Atharv Sankliya
CA Final
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9
502
Goodwill
Accountancy
answered on 15-Nov-22 17:59
What's the logic behind deducting remuneration of partners from Average profit while calculating Goodwill ? Does it mean that those remuneration will be (a)payable in future? (or) (b)It had been paid in past? If the latter(b) is the answer, how its correct? (as we already deducted the remuration for those respective years and then only display the profits in the question as previous year profits)
latest answer
It means remuneration is due(yet to pay) . So , we are deducting from average profit to show only the profit value after all dues and payables
Naresh Sundar
CA Inter
★ 2K+
1
693
Doubt in simple accounting policy
Accountancy
answered on 14-Nov-22 21:23
What is FIFO and What Weighted average
latest answer
In the later,we don't consider the price of earlier/latest inventory...we just calculate weighted price
Saketh Reddy Kotla
CA Foundation
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5
504
BRS
Accountancy
answered on 15-Nov-22 00:46
In RTP Nov 22 , point 4- Discount=80000*5%=4000. But ans showing 400. Is this print error or something else
latest answer
Thanks for confirmation
Nakul Dixit
CA Final
★ 4K+
3
509