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Company accounts ca foundation
Accountancy
answered on 22-Feb-25 09:57
How many marks would icai deduct for not writing the narration for a 15 mark question
latest answer
2 marks
Swania Shaji
CA Inter
★ 0
1
91
Opening bal
Accountancy
answered on 27-Feb-25 10:57
In this ill trade receivables opening balance only 200 but you put is as 250
latest answer
Thank you sir
Kanagaraj Selva
CA Inter
★ 4K+
2
132
Regarding eps
Accountancy
answered on 18-Feb-25 14:33
Sir in icai study material comprehensive question 9 chapter eps during calculation of eps we should take bonus share as 5lakhs ×12/12 as there is no increase in resource or further issue before issue of bonus
latest answer
Yes
Surya Kiranmayee
CMA Inter
★ 0
4
153
Incorporation of branch accounts
Accountancy
answered on 18-Feb-25 14:37
Hii sir... I have a doubt regarding ...why the expenses are credited in the books of branch sir? Could you please explain it?
latest answer
When you close nominal account during preparation of P&L We pass entry P&L Dr. To Expense Same logic is applied when we transfer expenses to HO Books Dr. HO books Cr. Expenses Expenses have debit balance. We are just closing the ledger.
Janani Nithiyamoorthi
CMA Inter
★ 0
1
112
Treatment of interim divident
Accountancy
answered on 10-Feb-25 09:05
Is interim dividend an adjusting or non adjusting event?
latest answer
The dividend was declared after the reporting period, it is a non-adjusting event.
Labdhi Jain
CA Inter
★ 180
1
104
Cash sale
Accountancy
answered on 10-Feb-25 09:07
What is the cash sale? detailed explanation
latest answer
The buyer pays immediately after receiving goods or services.
Rishana Ramees
CMA Inter
★ 0
1
100
Account
Accountancy
answered on 07-Feb-25 17:13
In a partnership account -1 the balance sheet in the question is given: Liabilities Sundry creditors:20000 Capitals: A:30000 B:20000 Assets: Sundry debtors:12000 Cash in hand: 3000 Stock:15000 Furniture:10000 Plant and machinery: 30000 Adjustments A,B are capitals C admitted and bought capital of 15000 And goodwill of 5000 for 1/6th share 2. The value of stock reduced by 10% and plant and machinery are appreciated by 10% 3. Furniture is revalued at 9000 4. Provision for doubtful debts is to be created on Sunday debtors at 5 % and rs. 200 is to be provided for an electriciry bill 5. Investment worth 1000( not mentioned in the balance sheet) is to be taken into account 6. A Creditor of rs.100 is not likely to claim his money and is to be written off How and where to written all these amongst revaluation account and partnership account and cash account balance sheet
latest answer
what is your doubt here?
HamsaLekha Tipparaju
CMA Foundation
★ 0
1
141
....
Accountancy
answered on 07-Feb-25 13:29
Sir, In the question it clearly said that, Anual rentals are 6lacs per 3years = 18lacs and Residual value guaranteed by Lessee is 2Lacs Total amount paid by Lessee to Lessor = 20lacs At the end of the 3rd year Lessor must get 20lacs where other 3lacs are Unguaranteed. As if we calculate present value, we got net investment as 17,96,980. I'm not understanding that what does Lessor get at the end of 3rd year... Will he get amount of 20lacs Or 17,96,980/- If get 17,96,980 at end of 3rd year... Then, what will happen to difference of 20lacs and 17,96,980 i.e 2,03,020/- Unearned finance income =5,03,020 include of 3lacs of Unguaranteed residual value 5,03,020-3, 00,000=2,03,020..????
latest answer
The total amount received by lessor is 18 lacs and 2 lacs. The difference is accounted as interest income.
Venkatesh Arva
CA Inter
★ 2K+
1
122
Doubt
Accountancy
answered on 28-Jan-25 14:20
Please explain how to solve this
latest answer
You can ask questions specific to CA/CMA
Shridhara H U
CA Inter
★ 550
1
158
AS 26 INTANGIBLE ASSETS
Accountancy
answered on 24-Jan-25 12:03
Why goodwill is not covered under AS 26 , As it is also a intangible asset.
latest answer
Because it cannot be separated and sold. For AS 26, intangible asset must be separable.
Venkatesh Arva
CA Inter
★ 2K+
1
179