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Rectification of Errors

Accountancy

answered on 13-Sep-22 15:41

Question no. 18 bit (iii) and (iv) Please anybody help me in solving it.

latest answer

3rd bit answer:- journal entry:- Purchase return a/c 5000 Sales return a/c 5000 To customer a/c 10,000

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

5

446

AS 07

Accountancy

answered on 13-Sep-22 15:06

Why can't we assume that 140000 is not included in future estimated cost and add it to that

latest answer

Okay sir thank you

Deepa Kotapati

Deepa Kotapati

CA Inter

3K+

3

473

Rectification of Error

Accountancy

answered on 12-Sep-22 22:06

Q.no. 17 bit no.(v) Please tell if its correct

latest answer

Thank you

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

7

397

Managerial remuneration

Accountancy

answered on 12-Sep-22 20:09

For calculating the managerial remuneration, should provison for doubts debts be added or deducted from the Net profit. If so added or deducted,what is the reason?

latest answer

Thank you

Sharon M Jacob

Sharon M Jacob

CA Inter

1K+

2

486

Internal Reconstruction (RTP Nov 22 qn)

Accountancy

answered on 11-Sep-22 23:53

Why is the amount for dividend arrears 48 ? Shouldn't it be 1200 Ã? 8% Ã? 3yrs Ã?1/3 = 96.

latest answer

Amount 600*8%*3yrs = 144lakhs 144l *1/3 = 48 lakhs

Sivapriya Kamath

Sivapriya Kamath

CA Inter

3K+

2

563

Cash flow statement

Accountancy

answered on 12-Sep-22 11:34

Reserves and surplus! Where can we see it's impact in cfs?

latest answer

Thanks Brother

Bumble Bee

Bumble Bee

CA Final

3K+

3

514

Accounting Pronouncements / Auditing Pronouncements

Accountancy

answered on 12-Sep-22 10:50

What Are Accounting/ Auditing Pronouncements? Should we learn it for Exams or Its just for reference.

latest answer

SAs and ASs/guidance notes are called Pronouncements

A B

A B

CA Inter

105

6

442

Amalgamation

Accountancy

answered on 14-Sep-22 07:14

Why in this sum, shares to settle loan is treated as shareholders

latest answer

Ok sir

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

6K+

7

381

Cash flow statement

Accountancy

answered on 13-Sep-22 14:48

Can anyone tell me why are they adding provision for depreciation towards opening and closing balance of plant & machinery account. What is the logic behind this?

latest answer

Thankyou sir

vs navin

vs navin

CA Final

1K+

9

456

Cash flow statement

Accountancy

answered on 12-Sep-22 16:48

Can anyone tell how we got taxes paid as 195

latest answer

Provision - what you created for last year (Liability) Advance tax - What you paid against the provision. (Asset) Hence set off.

vs navin

vs navin

CA Final

1K+

5

347