DEPRECIATION

answered on 24-Aug-22 22:28

Is Depreciation a non cash expenditure

latest answer

Yes

Prathmesh kharul

CA Foundation

★ 3K+

1

228

Consignment

answered on 25-Aug-22 09:22

While calculating commission, 1/4 of the amount by which the gross sale proceeds less total commission there on exceeds a sum So how do we have to calculate commission on it

latest answer

Please share actual question.

Samarth Kshatriya

CA Inter

★ 1K+

1

277

Financial statements

answered on 25-Aug-22 09:26

Why are we showing variation in inventory of FG/WIP/stock in trade as expense? However if closing -opening is positive that means my profits have been increased but why under expenses then?

latest answer

It is more for comparison. Income can be positive and negative so can expense be (positive and negative)

Sugam SM

CA Foundation

★ 9K+

1

366

Pre and Post incorporation

answered on 24-Aug-22 15:13

In this sum, date of incorporation and certificate of commencement of business given. 1)Which date we have to consider ? And 2) can you please tell time ratio for this sum ?

latest answer

we should take date of incorporate that is 1.8.2021 and time ratio is 1:2

Surya Ravi

CA Final

★ 3K+

5

270

I need a solution please help me

answered on 24-Aug-22 21:21

Friends could you please give me a solution working notes for this sum...

latest answer

Mm

MPR Sanjay Kumar

CA Inter

★ 490

25

351

Insurance premium account

answered on 24-Aug-22 20:26

Is insurance premium account is a personal, real or nominal account

latest answer

it depends as if: 1.the premium account is paid for year with no surplus payment then it is a nominal account and will come into profit and loss account 2.the premium is paid earlier i.e. prepaid then the prepaid amount will be treated as real account as asset as the utilisation of that premium is going to happen in the future accounting period

Jaya Jaya

CA Inter

★ 165

6

332

ESOP

answered on 23-Aug-22 17:22

unvested option lapsed on which till date expenses recognized to be transferred to general reserve in illustration 6, but different treatment in illustration 5?why?

latest answer

Okay sir

Ragul Periyasamy

CA Final

★ 3K+

2

251

.

answered on 23-Aug-22 16:40

Hlo sir i completed upto trial balance in accounts so now can i listen final accounts or I should follow chapter wise which one is better?

latest answer

Ok

Vamshi Kumar

CA Inter

★ 1K+

4

275

Partnership dissolution

answered on 23-Aug-22 15:13

What is realization A/c ? , For what it is prepared ?

latest answer

bro ***Realization Account is prepared at the time of dissolution of a partnership firm. This account is prepared to know the profit made or loss incurred at the time of dissolution of a firm. *** All the assets except cash and bank a/c are transferred to the debit side of realization account and liabilities (not capital accounts) are transferred to the credit side of realization account. When assets are sold cash/bank A/c is debited and Realization A/c credited. *** On settling the liabilities Realization A/c is debited and Cash/Bank A/c is credited. In last if total of credit side exceeds debit side, it means there is profit and that is transferred to partner's capital accounts. In case of loss, the partners' capital accounts are debited and Realization A/c credited.

Bachina Vignesh

CA Inter

★ 7K+

2

332

Doubt Regarding SLR and CRR

answered on 03-Nov-22 12:48

What are the applicable CRR, SLR rates for Nov 2022 exams

latest answer

4% CRR and 18% SLR

Naman trivedi

CFA L1

★ 55

3

1K+