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Depreciation on overused machinery
Accountancy
answered on 30-Sep-22 17:44
depreciation is charged on a fixed assets on straight method say â?¹1 lac /year if the machine is overused during a year how it is recorded ??
latest answer
Yes it form basis for certain things you learn in Inter.
Atharv Sankliya
CA Final
★ 3K+
9
301
Which chapter to start ?
Accountancy
answered on 30-Sep-22 16:00
Depreciation Not for profit organizations Company accounts Partnership accounts
latest answer
Depreciation shoudl be first. Post that go for NPO and then either partnership or company accounts.
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
11
301
Hoarding/banner accounting entries
Accountancy
answered on 30-Sep-22 15:51
On Petrol pump there are many hoarding and panner of warning, instructions and hazards sign how these hoarding/banner is recorded??
latest answer
If for advertisement - use Advertisement account If Others - General Printing, Other Expenses. There is no hard and fast rule on the account creation/nomenclature.
Atharv Sankliya
CA Final
★ 3K+
5
1K+
Sales promotion expense
Accountancy
answered on 01-Oct-22 20:16
If a firm promote their sales by giving the gift to dealer worth â?¹1 lac and incurred cost of travel to deliver the gift â?¹ 10 thousand how it is recorded does the travel expenses is added to promotion expense?? And which accounting standard/ concept deal with this type of situations
latest answer
Yes.Purpose for which it is incurred should be taken.ie) for sales promotion only travel expenses is incurred
Atharv Sankliya
CA Final
★ 3K+
10
410
Doubt
Accountancy
answered on 02-Oct-22 08:54
Can anyone give me the difference between insolvency and bankruptcy with example?
latest answer
Thank you so much to both of you
Umayal Lakshmanan
CA Final
★ 6K+
3
313
Redemption of preference shares PQ(2)
Accountancy
answered on 29-Sep-22 12:54
Anyone explain this entry? I haven't started redemption of Deb chapter. Since 1000 were redeemed, interest also should be on 1000 FV of debentures right? i.e., 1000*100*9/100*4/12 And equity shares were rs2 per share then how did they consider 15000 shares?
latest answer
So regarding conversion I think I will learn in redemption of Deb . Thanks for the reply..
Sugam SM
CA Final
★ 9K+
5
422
AS-18 Related Party Disclosures
Accountancy
answered on 01-Oct-22 09:56
Find are they related in following cases:- 1)If a person A is a KMP of B Ltd. as well as of C Ltd. then are B Ltd. and C Ltd. related. 2)If A Ltd. holds 60% in B Ltd. and B Ltd. holds 55% in C Ltd. and A Ltd. holds 60% in D Ltd. then are C Ltd. and D Ltd. related.
latest answer
Ok sir, Thank you
Harsh Mittal
CA Final
★ 1K+
4
340
Cash Flow Statement
Accountancy
answered on 30-Sep-22 16:00
To calculate the value and increase/decrease; Opening Value of Balance Sheet - Closing Value of Balance Sheet Taken. But why for Trade Payable and Outstanding Liabilities the sequence was changed to Closing Value of Value Sheet - Opening Value of Balance Sheet?
latest answer
Yes. To both your questions.
A B
CA Inter
★ 105
7
418
Issue of debentures
Accountancy
answered on 29-Sep-22 08:18
How to calculate intrest on debenture and tax deducted at source a/c And explain the second entry in the problem given below
latest answer
TDS IS APPLICABLE ON VARIOUS INCOME SUCH AS SALARIES, INTREST RECEIVED, COMMISSION RECEIVED, DIVIDENDS etc
Mohammad Badurul
CA Final
★ 10K+
6
430
Solution needed
Accountancy
answered on 28-Sep-22 18:29
Plse I need solution for the AS2 sum valuation of inventories........
latest answer
...
MPR Sanjay Kumar
CA Inter
★ 530
1
352