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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

Dhakshana Dhakshana

CFA L2

18K+

2

544

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

Pandiri Varun kumar

CA Inter

700

5

496

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

Ardhendu Sekhar Acharya

CMA Inter

250

7

794

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

A B

CA Inter

105

2

647

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

Ardhendu Sekhar Acharya

CMA Inter

250

7

992

Accounting Equation

Accountancy

answered on 06-Sep-22 19:31

What is the change in Assets or Liabilities in case of 1. Money withdrawn from bank for personal use 2. Purchased a cycle for his son/brother 3. Sold his owned bike for Rs 50000 and deposited the amount in bank account.

latest answer

2. Increase in drawings and reduction in cash/increase in creditors 3. Increase in capital and increase in bank

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

2

562

General doubt

Accountancy

answered on 07-Sep-22 09:40

What is written off in Accounts mean?

latest answer

Got it Sir. Thank you.

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

10

602

Market Capital

Accountancy

answered on 05-Sep-22 22:39

What is Market Capital??

latest answer

Market capâ??or market capitalizationâ??refers to the total value of all a company's shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares.

Prathmesh kharul

Prathmesh kharul

CA Foundation

3K+

1

626

Accounts

Accountancy

answered on 05-Sep-22 22:01

Cash account has which balance

latest answer

Since Cash is an asset account, its normal or expected balance will be a debit balance.

Bindu Meghana Popuri

Bindu Meghana Popuri

CA Inter

0

4

617

Ledger

Accountancy

answered on 06-Sep-22 10:13

Whenever we go to any general Store and we say khate mein likh Lena is that ledger account???

latest answer

Khata - Means ledger or account. Actual word used is 'Bahi Khata' So when you say 'Khate main likh lena', it is basically buying on credit and the store owner will note in the account.

Prathmesh kharul

Prathmesh kharul

CA Foundation

3K+

3

590