Bank Reconciliation Is

answered on 08-Sep-22 21:00

Can anybody please tell me bit (iii) and (vi) will ADD or LESS/MINUS from Cash Book point of view ?

latest answer

Thank you Didi

Ardhendu Sekhar Acharya

CA Inter

★ 250

10

241

Bank of Statement

answered on 08-Sep-22 14:42

Can anybody help me please with this question ? The answer given in book is Rs 1776.78. My answer is coming out Rs 1937.34.

latest answer

Thank you

Ardhendu Sekhar Acharya

CA Inter

★ 250

5

300

As4 Cheques in hand

answered on 09-Sep-22 09:07

Its not adjusting event so the Co wont record as Bank to debtors. But is the Co right in debiting as Cheque in hand

latest answer

Though received later, The co has practice of recording 31st March dated Cheques as Cheques in hand. So we have to mention as the Cos approach is wrong. Has to be adjusted to the period when it actually receives the cheque.

Sindhu Machado

CA Final

★ 0

2

218

Bank Reconciliation Statement

answered on 08-Sep-22 12:46

Can anybody help please? My answer is Rs 1394. The answer given in book is Rs 5000.

latest answer

Thank you

Ardhendu Sekhar Acharya

CA Inter

★ 250

2

233

Bank Reconciliation Statement

answered on 08-Sep-22 12:34

Please somebody tell me if there is everything correct in Illustration no. 7 or there is something wrong in the solution ? Is "Add" and "Less" columns written correctly or there is some mistake given in the book ? If everything is correct, please explain me the logic behind (ii) and (iii).

latest answer

Thank you

Ardhendu Sekhar Acharya

CA Inter

★ 250

6

359

Doubt

answered on 08-Sep-22 10:51

In accounting policies- concept that is unit 2 I didn't understand examples what u told. I need proper examples and explainations sir.

latest answer

Which example did you not understand?

Anil Raj

CA Foundation

★ 580

2

254

Dividend

answered on 08-Sep-22 10:53

When company issue right shares to us during the year and are we entitled to get interim dividend

latest answer

Yes. If the shares are issued before record date for dividend.

Arun Seelam

CA Final

★ 4K+

1

244

Cost

answered on 08-Sep-22 08:45

Is an asset is being sold and prior to selling there was some repairs done so repairs cost should be added to the selling price of machinery ??

latest answer

Major repairs which add efficiency to the asset should be added to cost for capitalision.Minor repairs can be ignored

Prathmesh kharul

CA Foundation

★ 3K+

2

238

Final a/c of sole proprietor

answered on 08-Sep-22 12:57

Sundry Debtors- 48000â?¹ Sundry Creditor- 29600 *Adjustment Included amongst the debtors is â?¹6000 due from rahul and included among the creditorsâ?¹2000 due to him*. Pls anyone solve this adjustment

latest answer

Thank you

Harshita Tripathi

CA Inter

★ 2K+

4

420

Classification of non current investments as trade investment and other investments

answered on 14-Sep-22 01:55

I wanted to know how can non current investment be classified as trade investment? Because if we are holding an investment for trading, then it should be current investment . And if it's non current investment, that means it is meant to be retained in business for long, and not meant to be sold. So non current trade investment is quite a confusing term for me. Please clarify

latest answer

Ok got it sir

Garima Bhargava

CA Inter

★ 185

2

268