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Advance accounts banking companies

Accountancy

answered on 18-Oct-22 15:06

In risk weighted assets, guaranteed by ecgc is dicgc is 100% or 50%

latest answer

The risk weight of 50% should be limited to the amount guaranteed and not the entire outstanding balance in the accounts. In other words, the outstanding in excess of the amount guaranteed, will carry 100% risk weight.

Gayathri S Nambiar

Gayathri S Nambiar

CA Final

2K+

4

456

Goodwill

Accountancy

answered on 28-Feb-24 09:28

Can anybody help me with this sum ? Please help me to find the capital employed. I can do the rest myself

latest answer

To calculate average.

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

24

1K+

branch accounts

Accountancy

answered on 17-Oct-22 16:29

This is from Icai study material illustration 8 please explain stock reserve account by balance b/d 6000 (how this 6000 comes)

latest answer

Goods at branch is cost + 25% Opening stock at branch = 30,000 Stock reserve = 30,000*25/125=6000

Elavarasi B

Elavarasi B

CA Inter

46K+

1

636

AS -2 doubt.

Accountancy

answered on 17-Oct-22 14:19

What is the meaning of Joint Cost ? Cost incurred upto the stage of split off OR Total cost incurred for the production of The Joint Products .

latest answer

Till the stage of split off.

Anirved Rahatgaonkar

Anirved Rahatgaonkar

CA Inter

0

1

415

Issue of shares

Accountancy

answered on 16-Oct-22 21:55

Hum jab Share Allotment A/C Dr To Share capital A/C karte hain allotment ke time par toh Share Allotment ko debit kis basis pe karte hain mujhe samajh mein nahin aaya

latest answer

We didn't receive money itself then why u debit bank a/c. If u feel like u forget something watch the lectures from whoever u have learnt and then ask doubts. This and all are basic concepts, no body is free here to teach u basics in forums. Please look into the concepts. Bcz further in this chapter there are lot of adjustments as such forfeiture, pro rata allotment etc...

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

17

467

Doubt

Accountancy

answered on 17-Oct-22 11:06

The debts written as bed if recovered subsequently are credited to debtors account. This statement is true or false

latest answer

It would not be credited to debtors account but to Bad Debts recovered Accounts.

Ritika Chaudhary

Ritika Chaudhary

CA Foundation

170

4

490

Bonus

Accountancy

answered on 16-Oct-22 19:41

Securities premium not realised in cash ,can be used for bonus? Because in book it is given realised in cash in one question

latest answer

Ahh thanks

venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Final

34K+

5

480

Final accounts

Accountancy

answered on 17-Oct-22 13:32

Prepare the trading and profit and loss account

latest answer

Thank you.

Varun Palaniappan

Varun Palaniappan

CA Foundation

15K+

9

623

Consignment

Accountancy

answered on 16-Oct-22 13:32

The advance payment sent by Consignee to Consignment what is its journal entry ? Why it is not shown in the Consignment A/C ? In this question 50000 has been sent by consignee as an advance to the Consignor but no entry is made in the Consignment A/C ?

latest answer

Journal will be later posted to ledger

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

26

670

Consignment

Accountancy

answered on 16-Oct-22 12:13

Please explain me entry 5 (d) "For the remittance that may accompany the Account Sales..." (please check in the second photo)

latest answer

Thank you

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

9

619