Forums
Entry
Accountancy
answered on 22-Aug-22 10:24
What is contra entry can anyone explain to me with example and in easy language plzz.
latest answer
Yes
Prathmesh kharul
CA Foundation
★ 3K+
5
354
Calculation of excess capital
Accountancy
answered on 23-Aug-22 01:07
Retirement of partnership-Illustration 4 , I can't understand how to calculate capital proportionate
latest answer
Tq sis
Lathika
CA Inter
★ 6K+
6
481
Recording
Accountancy
answered on 23-Aug-22 20:27
How to record a journal entry for reserve created out of profit for purpose of purchasing a machinery.??
latest answer
See when the reserve is created out of profits then the profit gets reduced by the amount of such transfer. Actually profit has credit Balance so when it get reduces so it needs to be debited And reserves has credit balance So when u transfer profit from P&l to reserve then balance of reserves gets increased so reserves should be credited
Prathmesh kharul
CA Foundation
★ 3K+
4
345
Journal Entry
Accountancy
answered on 21-Aug-22 16:47
If i take any asset suppose a car on rent basis for one month will there be any journal Entry passed??
latest answer
In this case we are not purchasing any asset (i e) car ... We are taking only on rent basis You can do the journal entry only for rent of the car ..... That enrty has been mentioned above by our seniors in above answer. Thank you :)
Prathmesh kharul
CA Foundation
★ 3K+
3
357
Please explain this case study
Accountancy
answered on 20-Aug-22 21:58
Accounting standard to valuation of inventories
latest answer
9994864535
MPR Sanjay Kumar
CA Inter
★ 530
16
368
Explain this MCQ
Accountancy
answered on 25-Aug-22 12:33
Please explain this this MCQ attached in this Dout
latest answer
Ok Sir Thanks
Pancha G
CA Inter
★ 350
2
244
Workman compensation
Accountancy
answered on 23-Aug-22 20:50
It is capital or revenue expenditure.??? Or it depends ??
latest answer
Expenses which are incurred oftenly or regularly are categorised under revenue expenditure In this case as workman compensation it is paid by employer regularly so it's revenue expenditure
Rick Y
CA Final
★ 2K+
4
308
Cash flow
Accountancy
answered on 22-Aug-22 09:36
I want explanation in this marked ans And 3 4 adjustment It is from 3rd question nov 2019
latest answer
Refer to question no.3 in pg. no.4.118 in study material , you can find similar kind of adjustments in that question .
A M K
CA Inter
★ 2K+
7
396
Entry
Accountancy
answered on 20-Aug-22 14:56
A fixed deposited of face value rs. 16500 matured . Its maturity value rs. 21000 was received in cash . This cash realized was used for buying a gift for the owners wife....??
latest answer
drawing ac dr 21000 to cash ac 21000 (being cash withdraw)
Shruti ghosalkar
CA Foundation
★ 0
14
371
AS-3
Accountancy
answered on 19-Aug-22 23:36
What is the reason behind to deduct taxes after finding cash generated from operations?
latest answer
Because it is the revenue of business.., i.e.., income of business The tax is imposed on the income earned . So, tax is deducted after finding total cash from operations....
Sugam SM
CA Final
★ 9K+
2
318