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Liquidation deficiency acc
Accountancy
answered on 22-Oct-22 13:09
Please anyone explain me the deficiency a/c of the sum attached along wid ur workings
latest answer
PFA -answers
Sai Swetha
CA Final
★ 7K+
2
478
Amalgamation of Companies
Accountancy
answered on 21-Oct-22 17:19
If nothing clearly specified about the method of calculation of Purchase consideration, what is the simple way to identify whether it is net asset method or not?
latest answer
As you practice more questions, you would understand. Generally details of value of assets would be given - it would be net asset method.
Manoj Raj
CA Final
★ 12K+
2
467
BRS
Accountancy
answered on 21-Oct-22 11:51
Please answer Q.no 9 (3) anybody
latest answer
As we take balance as per passbook, we should add 16,000 to it.
Ardhendu Sekhar Acharya
CMA Inter
★ 250
3
565
AS 5
Accountancy
answered on 23-Oct-22 16:36
Explain the answer with provisions.... I am not able to understand the given answer completely
latest answer
AS - 5 - the part related to expense is related. Paid under protest means the company does not agree to the demand. They have paid the amount but are disputing it. If they win the case, they will get it back.
Sajeetha R
CA Final
★ 46K+
3
555
NPO
Accountancy
answered on 21-Oct-22 09:11
Please look in this question it is given "for the year ended March 31, 2018" This means the year 2017-2018. Right ? So the subscriptions for the year 2017-18 is 60000. Why in Income and Expenditure A/C it has put Subscriptions as 350000 that is the subscription amount for 2018-19.
latest answer
Esa kuch nahin hai question mein mistake hai 60000 ko 2017-18 mein likhna chahiye tha..question galat hai..matlab printing mistake
Ardhendu Sekhar Acharya
CMA Inter
★ 250
6
512
BRS
Accountancy
answered on 28-Oct-22 12:55
Positive balance of Pass book is Cr or Dr ?
latest answer
Positive balance in pass book = Dr . bal in bank book in entity accounts Negative balance / Dr. balance in pass book i.e. overdraft = Cr. bal in bank book in entity books
Ardhendu Sekhar Acharya
CMA Inter
★ 250
5
391
How to calculate
Accountancy
answered on 20-Oct-22 18:14
Gross profit ratio
latest answer
Ok
TARGET CMA
CMA Inter
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4
492
#1 Question for the day (Foundation)
Accountancy
answered on 23-Oct-22 01:48
Write the answer on a sheet and present it as if you write in exam. Send the photo by 8 pm. #Nov22 #Practice Mr. Joshi's trial balance as on 31st March, 2020 did not agree. The difference was put to a Suspense Account. During the next trading period, the following errors were discovered: (i) The total of the Purchases Book of one page, Rs.5,615 was carried forward to the next page as Rs. 6,551. (ii) A sale of Rs. 281 was entered in the Sales Book as Rs. 821 and posted to the credit of the customer. (iii) A return to creditor, Rs. 295 was entered in the Returns Inward Book; however, the creditor's account was correctly posted. (iv) Cash received from Senu, Rs. 895 was posted to debit of Sethu. (v) Goods worth Rs. 1,400 were dispatched to a customer before the close of the year but no invoice was made out. (vi) Goods worth Rs. 1,600 were sent on sale or return basis to a customer and entered in the Sales Book at the close of the year, the customer still had the option to return the goods. The gross profit margin was 20% on Sale. (vii) Rs. 600 due from Mr. Q was omitted to be taken ·to the trial balance. (viii) Sale of goods to Mr. R for Rs. 3,000 was omitted to be recorded. You are required to give journal entries to rectify the errors in a way so as to show the current year's profit or loss correctly.
latest answer
Oh yes! Thank you so much for the correction....
Sudha Reddy
CA Final
★ 20K+
4
8K+
Partnership firms
Accountancy
answered on 20-Oct-22 12:59
Do I need to prepare only Profit and Loss Appropriation account for this question or both Profit and Loss account and Profit and Loss Appropriation ? (Q.no 18) Please check
latest answer
Thank you
Ardhendu Sekhar Acharya
CMA Inter
★ 250
9
635
Bonus and rights issue
Accountancy
answered on 19-Oct-22 20:08
In this question how to calculate the bonus shares ratio
latest answer
Ok fine In order to issue bonus shares first of all we need to ensure the equity shares are fully paid So if theres any un paid shares then we need to assume the payment for such shares has been received and bonus shares can be allotted for such shares Ok in the same ratio refers to If u re having 1 share in existence then u will be allotted 1 bonus shares Nothing but 1:1 ratio
Subramanyam N
CA Inter
★ 6K+
3
607