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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
367
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
381
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
259
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
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4
325
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
411
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
384
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
327
AS-3
Accountancy
answered on 19-Aug-22 14:01
How discount on issue of Deb is asset?
latest answer
Discount on issue of debenture is capital loss in nature , it is shown in asset side under other current assets till it is written off.
Sugam SM
CA Final
★ 9K+
4
335
Redemption of Debentures
Accountancy
answered on 19-Aug-22 08:13
While calculating premium on redemption, equity shares which were converted ie. 15000 shares are also included? Why?
latest answer
Okay! Thanks bro...
Bumble Bee
CA Final
★ 3K+
6
375
Journal Entry
Accountancy
answered on 18-Aug-22 22:53
1.Are bad debts personal a/c or nominal account?? 2.what is the journal Entry for Bad Debts??
latest answer
***Bad debts account are nominal accounts used to minimize the amount of accounts receivable on the income statement ***Record the journal entry by debiting bad debt expense and crediting allowance for doubtful accounts. When you decide to write off an account, debit allowance for doubtful accounts and credit the corresponding receivables account. I hope it helps you
Prathmesh kharul
CA Foundation
★ 3K+
4
444