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#8 Question of the day (Accounts)
Accountancy
answered on 31-Oct-22 22:23
M/s. Dayal Transport Company purchased 10 trucks @ Rs. 50,00,000 each on 1st July 2017. On 1st October, 2019, one of the trucks is involved in an accident and is completely destroyed and Rs. 35,00,000 is received from the insurance in full settlement. On the same date, another truck is purchased by the company for the sum of Rs. 60,00,000. The company writes off 20% of the original cost per annum. The company observes the calendar year as its financial year. Give the motor truck account for two years ending 31st December, 2020
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Correct Answer
Sudha Reddy
CA Final
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1
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Small doubt
Accountancy
answered on 31-Oct-22 09:27
Can anyone explain explain the point of iii part in question no 01.......
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look at b) under exception of cost of inventory...it says storage cost shouldn't be included
Balachandar S
CA Inter
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2
654
Bill of exchange
Accountancy
answered on 31-Oct-22 00:01
What does point ii) under notes mean...why is that given here...how is that related to BOE
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Got it ... thanks
Yamuna S
CA Inter
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652
Average due date
Accountancy
answered on 31-Oct-22 15:13
Why interest has to be calculated here.
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Ok sir, understood. Thank you
Vijay K
CA Inter
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8
498
Small doubt
Accountancy
answered on 31-Oct-22 08:56
Can anyone explain the 4 th point with clear explanation.... And 8 th point by also..... Which is given in below image .....
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Yes
Balachandar S
CA Inter
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4
477
Gp ratio
Accountancy
answered on 31-Oct-22 10:30
How to calculate the invoice price and gp ratio
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Ok
Shankari C
CA Inter
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3
473
Introduction to partnership
Accountancy
answered on 31-Oct-22 16:34
Please solve the 8th one
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8) Option A
Vedant Vijay
CA Foundation
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4
471
dividend
Accountancy
answered on 30-Oct-22 19:01
pre acquisition dividend should be reduced from the cost of investments ?
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I GOT IT THANKS
Shankari C
CA Inter
★ 12K+
3
446
Branch accounts
Accountancy
answered on 31-Oct-22 21:07
What is this excess? I didn't understand it properly. Excess of sale of 2000
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Okay sir I got it. That extra 2000 is bcz we had stock of 270000-48000( closing)= 222000 which is cost of goods sold. But sales is of 224000.
Sugam SM
CA Final
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5
709
Cash flow statement
Accountancy
answered on 30-Oct-22 14:34
In indirect method, If debentures opening and closing balance is given (eg. 10% debenture) How to find interest? On opening balance or closing balance?
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Thankyou sir
vs navin
CA Final
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2
487