Illustration of chapter 2 accountancy

answered on 21-Sep-22 10:35

Sir you are only explaining concepts..you are not discussing illustrations....how will we understand all....we have paid money to understand all concepts.....so plz explain all.....explaining in short is not good for us...

latest answer

yes. key terms however shoudl be used

Vikas Patwari

CA Foundation

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280

Piece meal distribution HRC method

answered on 19-Sep-22 19:18

In the given question why there is a transfer of â?¹600 to P&L a/c, why only â?¹162 has been paid towards creditors. Why can't we pay total amount of creditors even though having adequate amount.

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Creditors were settled for 15900. There is already a payment of 15738 above and the balance 162 is paid later.

Naveen Kumar

CA Inter

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260

Amalgamation of companies

answered on 19-Sep-22 13:50

In illustration 11,why equity share is not calculated at premium but pref share value is taken at premium....

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Purchase consideration is calculated as per the net asset method (5,30,000). After considering payments to pref.shares by considering the premium (1,10,000), Balance of 4,20,000 is payable to equity share holders. face value-10 value of the share, including premium, is -10.5 so, total shates to be issued=4,20,000/10.5 40,000 shares of hari Ltd 40,000*0.5(premium per share)considered in B/s under R&surplus

Sri Yoga Vishwa. P

CA Final

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BRS

answered on 19-Sep-22 14:53

Please solve 7th point

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My pleasure. You can mark best answer if you feel so.

Harshita Tripathi

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728

Profit or loss pre and post INC

answered on 19-Sep-22 00:05

How is this 10x?

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I am lucky enough to study under these faculties who carry lot of experience within them

Sugam SM

CA Foundation

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222

Valuation of Goodwill

answered on 19-Sep-22 10:03

I have shared the formula for Capita Employed which mentions that Goodwill should be minused from Total Assets. But why in example 15 the book has not minused Goodwill value while calculating Capital Employed ? Please reply clear my doubt anybody

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My pleasure.

Ardhendu Sekhar Acharya

CA Inter

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370

Valuation of Goodwill

answered on 18-Sep-22 19:36

What should be the No. of years of Purchase in this question no. 4 ? One or 4 = No. of years of purchase

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One question ask you no of your purchases

Ardhendu Sekhar Acharya

CA Inter

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281

Acc. From Incomplete records

answered on 18-Sep-22 18:11

Illustration 8 can I use creditors account for the balancing figure of bills payable

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Yes, you can use creditors account to get balance of bills payable but in the above question, we are finding credit purchases as the balance of bills payable is already given in the question

Aabith Sha

CA Inter

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242

Relationship of accounting with other disciplines

answered on 18-Sep-22 18:06

Sir for how many marks can this com....and im getting confuse that which questions i should read for theory from 1 chapter .

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Kkkk

Vikas Patwari

CA Foundation

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376

Consignment

answered on 18-Sep-22 16:40

Is the answer that i have solved is correct or not

latest answer

Yea the commission amount seems fine however in the WN you shouldn't have taken 25% of sales because thats not whats given. the question say 25 per unit sold so you should have taken 900x25, which luckily in this instance is the same as 25% of sales .

Samarth Kshatriya

CA Inter

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