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Inventory
Accountancy
answered on 30-Oct-22 17:37
Can anyone tell me the treatment of SALE ON APPROVAL BASIS. In this question
latest answer
Yes bro you are right, thank you for identifying the mistake.
Anvar Ansari
CA Inter
★ 2K+
19
393
Bad debts agreement 450writee off during the year in the sale ledger but we're not adjusted in the general ledger
Accountancy
answered on 17-Nov-25 12:49
Bad debts agreement 450writee off during the year in the sale ledger but we're not adjusted in the general ledger
latest answer
Bad debts A/c.......... Dr. 450 To suspence A/c 450 (Being entry was recorded in sales ledger but not in general ledger one sided error, Rectify the error.)
R K
ACCA Skill
★ 9K+
3
2K+
Chapter 2 Rectification of error
Accountancy
answered on 05-Feb-23 20:37
Bad debts agreement 450writee off during the year in the sale ledger but we're not adjusted in the general ledger
latest answer
Thanks
R K
ACCA Skill
★ 9K+
2
394
Npo
Accountancy
answered on 29-Oct-22 11:33
In these question , I underlined , how rupees 9000 received after finding an outstanding subscription in account form the value is rupees 15000 . Then why again we are writing ; Outstanding subscription 2019-2020 = 15000-9000 =6000
latest answer
That is just a breakup of total outstanding subscription. Previous year O/S 16,000 out of which 7000 is received in the current year. So 9,000 is O/s for 2018-19 Balance is O/s for. 2019-20
Vignesh Psv
CA Foundation
★ 8K+
1
355
Consignment
Accountancy
answered on 29-Oct-22 11:58
Can anybody please explain to me the logic or concept behind No. 2 and No. 3 entry ?
latest answer
In 2nd entry Consignor is debtor for consignee. So we debit him.
Ardhendu Sekhar Acharya
CMA Inter
★ 250
11
397
Consignment
Accountancy
answered on 29-Oct-22 11:26
Can anybody tell me where is entry no. 7 done ? because in the book no where this entry has been done in form of a question or solved example
latest answer
Ok sir Thank you
Ardhendu Sekhar Acharya
CMA Inter
★ 250
2
337
Valuation of raw material when FG is sold at below cost
Accountancy
answered on 29-Oct-22 09:28
At what value will the rm be valued at 1.replacement cost 2.lower of replacemt cost or actual cost
latest answer
Thank you sir
mani charan
CA Final
★ 3K+
2
374
Partnership account
Accountancy
answered on 29-Oct-22 07:58
Here why we have not given Dr to pand l appropriation instead of salary ac and in case of interest given Dr to pand l appropriation ac
latest answer
Salaries, interest paid are nominal accounts, which will be finally transferred to p&l appropriation a/c at the end. Hence, they made net entry with p&l appropriation a/c.
Samarth Kshatriya
CA Inter
★ 1K+
1
318
Bills of exchange
Accountancy
answered on 29-Oct-22 00:04
In this answer, can we write stay away in a single journal like I did.
latest answer
Ok bro, I will follow like. Thank you ������
Vijay K
CA Inter
★ 9K+
5
439
Bank balance not adjusted... Why?
Accountancy
answered on 29-Oct-22 17:35
In the pdf attached, in illustration 7, in last paragraph of question, there is an adjustment given for shares forfeited and reissued. But the amount collected on re issue is not added to bank balance which is given inside the trial balance. Can you please explain why? Atleast to the tune of gain on forfeiture, the bank balance has to be increased..... Right??! Please clarify my doubt.
latest answer
Ok sir thanks
James Js
CA Inter
★ 1K+
12
566