General doubt

answered on 07-Sep-22 09:40

What is written off in Accounts mean?

latest answer

Got it Sir. Thank you.

Dhakshana Dhakshana

CFA L2

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327

Market Capital

answered on 05-Sep-22 22:39

What is Market Capital??

latest answer

Market capâ??or market capitalizationâ??refers to the total value of all a company's shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares.

Prathmesh kharul

CA Foundation

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297

Accounts

answered on 05-Sep-22 22:01

Cash account has which balance

latest answer

Since Cash is an asset account, its normal or expected balance will be a debit balance.

Bindu Meghana Popuri

CA Inter

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337

Ledger

answered on 06-Sep-22 10:13

Whenever we go to any general Store and we say khate mein likh Lena is that ledger account???

latest answer

Khata - Means ledger or account. Actual word used is 'Bahi Khata' So when you say 'Khate main likh lena', it is basically buying on credit and the store owner will note in the account.

Prathmesh kharul

CA Foundation

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388

AMALGAMATION

answered on 06-Sep-22 13:04

Can anyone help me with how to calculate purchase consideration using intrinsic value method. Thanks in advance

latest answer

Thank you sir

theee k

CA Final

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335

Debt Equity Ratio test post buyback

answered on 05-Sep-22 17:16

Does CRR gets involved in Equity for calculation of debt equity test in Buyback of share ?

latest answer

I guess the answer got removed

Dhananjay Kapoor

CA Inter

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351

#28: Question for the day (Advanced Accounting - Inter)

answered on 13-Sep-22 14:35

Write the answer in a sheet as you would write in exam and send photo by 8pm. #LetsPractice RC Ltd. is showing an intangible asset at Rs. 72 lakhs as on 31-3-2022. This asset was acquired for Rs. 120 lakhs as on 01-04-2016 and the same was used from that date. The company has been following the policy of amortization of the intangible assets over a period of 15 years, on straight line basis. You are required to comment on the accounting treatment of asset with reference to AS 26 'Intangible Assets' and also give the necessary rectification journal entry in the books.

latest answer

The past year profits would be accumulated as retained earnings / reserves. Hence debited there.

Sahibdeep Singh

CA Inter

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issue of shares @premium

answered on 05-Sep-22 04:42

tell me anybody

latest answer

Preference shares capital account .Dr 1,00,000 To equity shares capital. 90909 To securities premium account 9091

hrithik

CA Foundation

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4

290

Insurance claims

answered on 05-Sep-22 10:48

In qus 6(a)goods consigned has been cr in trading account to arrive correct gross profit may I know the reason why it has been cr??

latest answer

from 01.04.2021 till he was fired.. he was stealing 2000 every week

Dhakshana Dhakshana

CFA L2

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237

Consolidated fs

answered on 06-Sep-22 21:49

In this ills-2 why profit is 60000 pre acq profit?

latest answer

Because these are profits earned before acquisition. Its given in the question.

Mohit MJ

CA Inter

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