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Bank of Statement
Accountancy
answered on 08-Sep-22 14:42
Can anybody help me please with this question ? The answer given in book is Rs 1776.78. My answer is coming out Rs 1937.34.
latest answer
Thank you
Ardhendu Sekhar Acharya
CA Inter
★ 250
5
407
As4 Cheques in hand
Accountancy
answered on 09-Sep-22 09:07
Its not adjusting event so the Co wont record as Bank to debtors. But is the Co right in debiting as Cheque in hand
latest answer
Though received later, The co has practice of recording 31st March dated Cheques as Cheques in hand. So we have to mention as the Cos approach is wrong. Has to be adjusted to the period when it actually receives the cheque.
Sindhu Machado
CA Final
★ 0
2
278
Bank Reconciliation Statement
Accountancy
answered on 08-Sep-22 12:46
Can anybody help please? My answer is Rs 1394. The answer given in book is Rs 5000.
latest answer
Thank you
Ardhendu Sekhar Acharya
CA Inter
★ 250
2
305
Bank Reconciliation Statement
Accountancy
answered on 08-Sep-22 12:34
Please somebody tell me if there is everything correct in Illustration no. 7 or there is something wrong in the solution ? Is "Add" and "Less" columns written correctly or there is some mistake given in the book ? If everything is correct, please explain me the logic behind (ii) and (iii).
latest answer
Thank you
Ardhendu Sekhar Acharya
CA Inter
★ 250
6
454
Doubt
Accountancy
answered on 08-Sep-22 10:51
In accounting policies- concept that is unit 2 I didn't understand examples what u told. I need proper examples and explainations sir.
latest answer
Which example did you not understand?
Anil Raj
CA Foundation
★ 580
2
304
Dividend
Accountancy
answered on 08-Sep-22 10:53
When company issue right shares to us during the year and are we entitled to get interim dividend
latest answer
Yes. If the shares are issued before record date for dividend.
Arun Seelam
CA Final
★ 4K+
1
295
Cost
Accountancy
answered on 08-Sep-22 08:45
Is an asset is being sold and prior to selling there was some repairs done so repairs cost should be added to the selling price of machinery ??
latest answer
Major repairs which add efficiency to the asset should be added to cost for capitalision.Minor repairs can be ignored
Prathmesh kharul
CA Foundation
★ 3K+
2
281
Final a/c of sole proprietor
Accountancy
answered on 08-Sep-22 12:57
Sundry Debtors- 48000â?¹ Sundry Creditor- 29600 *Adjustment Included amongst the debtors is â?¹6000 due from rahul and included among the creditorsâ?¹2000 due to him*. Pls anyone solve this adjustment
latest answer
Thank you
Harshita Tripathi
CA Inter
★ 2K+
4
517
Classification of non current investments as trade investment and other investments
Accountancy
answered on 14-Sep-22 01:55
I wanted to know how can non current investment be classified as trade investment? Because if we are holding an investment for trading, then it should be current investment . And if it's non current investment, that means it is meant to be retained in business for long, and not meant to be sold. So non current trade investment is quite a confusing term for me. Please clarify
latest answer
Ok got it sir
Garima Bhargava
CA Inter
★ 185
2
345
Final account
Accountancy
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
354