Final account

answered on 29-Sep-22 15:54

Treatment of loss by fire Deduct from Puchases and transfer to p&l a/c But in question it shows amount deduct fom sale Which is right purchase or sale?

latest answer

Abnormal loss i,e 2000 should be credited to trading account and the insurance claim i,e 1500 is recorded in asset side In p and l account loss on fire ie (2000-1500= 500 should be debited to the account

Nakul Dixit

CA Final

★ 4K+

4

293

Death of a partner

answered on 07-Sep-22 20:22

In video, sir said something. In material it is showing something. Which is the correct one?

latest answer

Ok sir.

Rupa Devi Akkala

CA Final

★ 37K+

15

362

Cash Book

answered on 08-Sep-22 10:27

Please someone tell me whether this Cash book is correct or not. The question asks Cash Balance and Bank Balance ? How to find it out - Cash Balance and Bank Balance ?

latest answer

What ?

Ardhendu Sekhar Acharya

CA Inter

★ 250

10

342

Banking company

answered on 13-Sep-22 17:00

For November 2022 attempt, SLR rate for Bank is 18% or 23%.

latest answer

4% and 18%

Balaji K

CA Final

★ 6K+

3

240

Cash Book

answered on 07-Sep-22 19:12

Please anybody tell me what will the Cash Book entry for October 10.

latest answer

Bill Payable A/c will be debited and Bank A/c will be credited. So on credit side of cash book- by bills payable â?¹5000

Ardhendu Sekhar Acharya

CA Inter

★ 250

5

308

Cash Book

answered on 07-Sep-22 17:47

The answer is Rs 1,55,350 but my answer is coming out as Rs 1,55,100. Please if anyone can help me in finding my mistake.

latest answer

It's okay...

Ardhendu Sekhar Acharya

CA Inter

★ 250

5

351

Journal Entry

answered on 20-Sep-22 19:46

Can anybody tell me please what will be the Journal Entry for : 1."Cash in Hand" 2."Cash withdrawn from Bank for office use."

latest answer

In 1st question Cash in hand if it tells about business or related to business run then the journel is Cash account ....Dr To Capital account In 2nd Cash account....Dr To bank account

Ardhendu Sekhar Acharya

CA Inter

★ 250

10

355

Cash Book

answered on 07-Sep-22 17:20

The answer is Rs 26,200 but my answer is coming out to be Rs 27,250. Please if anyone can help me to find out the mistake.

latest answer

Ok

Ardhendu Sekhar Acharya

CA Inter

★ 250

4

251

Cash Book

answered on 07-Sep-22 17:05

Can anybody find out the mistake as the answer for Cash balance is eq to Rs 1,27,500 but my answer is not matching.

latest answer

Welcome

Ardhendu Sekhar Acharya

CA Inter

★ 250

5

325

Rectification of error

answered on 13-Sep-22 16:56

I am stuck at this little entry What is it's entry? And It shows 60000-36000=24000 is overdraft How it is a overdraft?

latest answer

Its a typo error in question. Cash cannot be negative 24,000 - This has to be bank overdraft. Other entry for Bank balance can be cash balance.

Nakul Dixit

CA Final

★ 4K+

11

271