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Profit or loss pre and post incorporation

Accountancy

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

Dhakshana Dhakshana

CFA L2

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Admission of partners

Accountancy

answered on 08-Oct-22 06:58

IV point What it's mean

latest answer

I have highlighted

Nakul Dixit

Nakul Dixit

CA Final

4K+

5

299

Investment account

Accountancy

answered on 05-Oct-22 14:05

can anyone say how they calculated cost of debentures converted?

latest answer

Thanks

theee k

theee k

CA Final

435

2

311

Redemption of preference shares

Accountancy

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

SANSKRITI BADRI 2111339

CA Final

3K+

4

322

Insurance claim for loss of stock and loss of profit

Accountancy

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

latest answer

Bro Did u get it ....

MPR Sanjay Kumar

MPR Sanjay Kumar

CA Inter

530

4

313

Admission of partners

Accountancy

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

Nakul Dixit

CA Final

4K+

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310

Insurance claim

Accountancy

answered on 10-Oct-22 12:19

Is it considered only for this question or is there any aspect to consider like this?

latest answer

Only for this question. It was a specific point given in the question itself.

Sugam SM

Sugam SM

CA Final

9K+

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Cash account

Accountancy

answered on 04-Oct-22 21:27

how do you account for a loss if a firm has a old currency (demonitized ) note and they don't exchange in that time no this note doesn't have any value how do we record this ??

latest answer

Have u completed other subjects. Just asking bcz u ask too many question which is not necessary as of now unless u are over prepared for the exams.

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

2

300

Partnership a/c

Accountancy

answered on 04-Oct-22 17:55

No. Of year purchased 3 year Compute goodwill using simple avg. Method

latest answer

If increasing or decreasing trend always use weight

Harshita Tripathi

Harshita Tripathi

CA Inter

2K+

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318

Loss by wrongly delivered goods

Accountancy

answered on 10-Oct-22 12:22

What is the accounting treatment if the prepaid good is delivered to wrong person ??

latest answer

Then you can take help of SOGA and ICA and take remedial measures.

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

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287