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Rectification of error
Accountancy
answered on 13-Sep-22 16:56
I am stuck at this little entry What is it's entry? And It shows 60000-36000=24000 is overdraft How it is a overdraft?
latest answer
Its a typo error in question. Cash cannot be negative 24,000 - This has to be bank overdraft. Other entry for Bank balance can be cash balance.
Nakul Dixit
CA Final
★ 4K+
11
468
Forfeiture of shares
Accountancy
answered on 07-Sep-22 22:31
Here in the illustration, Why they debited the Equity Share Captial a/c ? The total equity share should cancelled in case of forfeiture,but again why we debiting it ?
latest answer
In accounts point of view one entry if you want to cancel reverse that entry. Thats was made in that illustration....
Shiva Netha
CA Inter
★ 12K+
5
623
Level of entity
Accountancy
answered on 08-Sep-22 10:55
As per Accounting standards in which level of entity a trust is covered.
latest answer
https://youtu.be/SBz6fh6rFJI
Sindhu
CA Final
★ 765
1
422
BANKING COMPANY
Accountancy
answered on 14-Sep-22 07:50
Can anyone explain me the marked part. Thanks in advance
latest answer
Ok sir
theee k
CA Final
★ 435
2
445
Advanced accounting - doubt in AS 4
Accountancy
answered on 06-Sep-22 19:49
Could someone explain why cheques received after balance sheet date become non adjusting event here?
latest answer
Thank you sir!
Vijayalakshmi Sekar
CA Inter
★ 5K+
2
560
Insurance claims
Accountancy
answered on 06-Sep-22 20:02
Kindly explain 75000 sales adjustment what to do ??
latest answer
Remove from sales so that it is a part of stock. Same as illustration 3 in Study material.
Dhakshana Dhakshana
CFA L2
★ 18K+
2
518
Concept of depreciation
Accountancy
answered on 29-Sep-22 15:57
For calculation of depreciation, shall we consider net method or Gross method in exams
latest answer
Mentioned in the question
Pandiri Varun kumar
CA Inter
★ 700
5
480
Journal and Ledger
Accountancy
answered on 06-Sep-22 22:23
Please tell me the Journal entries for transactions of Jan 19 Jan 25 Jan 26 Jan 27
latest answer
Discount/Rebate Account To Ahmed & Co.
Ardhendu Sekhar Acharya
CMA Inter
★ 250
7
769
Can I ask My Doubt
Accountancy
answered on 06-Sep-22 18:46
Can I ask Doubt Here (If I encounter any); if I have not purchased classes from Indigo Learn?
latest answer
Yes u can
A B
CA Inter
★ 105
2
622
Accounting Equation
Accountancy
answered on 08-Sep-22 10:37
Please help in bit no.(iii) and (xi) (iii) Sold his personal car for Rs 50000 and deposited in the firm's Bank Account (xi) Invested in shares
latest answer
Thanku sir
Ardhendu Sekhar Acharya
CMA Inter
★ 250
7
944