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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
375
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
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1
322
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
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5
443
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
573
Is it fine to make a separate column for debit note in the purchase return book, instead of writing the debit note no. in the particulars itself?
Accountancy
answered on 31-Oct-22 22:19
Is it fine to make a separate column for debit note in the purchase return book, instead of writing the debit note no. in the particulars itself?
latest answer
Thanks
Dova Shaji
CA Inter
★ 520
6
422
Can anybody tell me why is the interest of the first bill Rs 172.60 is also added to the second bill
Accountancy
answered on 29-Oct-22 08:13
Can anybody tell me why is the interest of the first bill Rs 172.60 is also added to the second bill ? (Check the last two steps to know what I am asking)
latest answer
Welcome!
Ardhendu Sekhar Acharya
CMA Inter
★ 250
3
475
Partnership
Accountancy
answered on 28-Oct-22 15:23
Instead of given in the book, can we write like thisð???.
latest answer
Ok bro, tq
Lathika
CA Inter
★ 6K+
3
321
Days of grace
Accountancy
answered on 28-Oct-22 18:16
If in problems, if they ask to ignore days of grace, should we ignore only 3 days of grace period or anything else?
latest answer
3 day ls
Rupa Devi Akkala
CA Final
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6
1K+
Consolidated Financial Statements
Accountancy
answered on 28-Oct-22 12:41
Can anyone explain me how the arrived the share in pre-aquisition profit(under intangible asset)
latest answer
lot*
theee k
CA Final
★ 435
3
409
AS 11
Accountancy
answered on 28-Oct-22 08:53
How to identify that the above question is for speculation purpose. They have not given anything in the question regarding this
latest answer
If its for non speculation or hedging, it would be mentioned in question. Like - the company has foreign currency loan
vs navin
CA Final
★ 1K+
1
390