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Final accounts
Accountancy
answered on 08-Oct-22 08:38
Opening stock - â?¹ 150500 Purchases - â?¹437000 Manufacturing Expenses - â?¹ 85000 Expenses on Sales - â?¹ 33000 Sales - â?¹ 625000 Additional information: During the year damaged goods costing â?¹12000 sold for â?¹5000 . Barring the above transaction the gross profit has been @20% on Sales. Prepare trading a/c To find closing stock .
latest answer
625000-33000=592000 12000-5000= 7000 592000-7000= 585000 20% of 585000= 117000
Tanya
CA Inter
★ 6K+
6
308
Provision
Accountancy
answered on 10-Oct-22 12:32
What is the difference in the given provisions Voting - 74% Share - 26%
latest answer
old provision.
venkatesh sundharamoorthy
CA Final
★ 34K+
3
320
Subsidiary Books
Accountancy
answered on 08-Oct-22 17:15
Can please anybody check and tell me Is this format of table correct as per Icai format ?
latest answer
Thank you
Ardhendu Sekhar Acharya
CA Inter
★ 250
23
386
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
CFA L2
★ 18K+
15
335
Admission of partners
Accountancy
answered on 08-Oct-22 06:58
IV point What it's mean
latest answer
I have highlighted
Nakul Dixit
CA Final
★ 4K+
5
312
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
CA Final
★ 435
2
328
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
CA Final
★ 3K+
4
342
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
CA Inter
★ 530
4
322
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
CA Final
★ 4K+
4
323
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
CA Final
★ 9K+
7
375