Forums
Preparation of FS
Accountancy
answered on 06-Sep-22 20:05
Why 20000 is deducted If it is transferred to GR then it should be increased right?
latest answer
Transfer to GR means transferred from P&L to GR. So reduce P&L and increase GR.
Sugam SM
CA Final
★ 9K+
3
524
Doubt on partnership
Accountancy
answered on 03-Sep-22 19:13
For the capital that the partners had brought in can I write it as a balance brought down or should I write it as by Bank ? If bank A/c , why not balance b/d ?
latest answer
You need to understand that only journal entries are posted on to ledger A/c's. Opening balance cannot simply jump in out of nowhere...
sradha krishna sunil
CA Final
★ 5K+
2
638
Consignment
Accountancy
answered on 03-Sep-22 22:33
What is sale proceeds??
latest answer
Proceeds refers to the cash received from the sale of goods or assets during a particular period. The total is obtained by multiplying the quantities sold by the selling price per unit.
Prathmesh kharul
CA Foundation
★ 3K+
6
538
Insurance claims
Accountancy
answered on 02-Sep-22 16:15
Anyone kindly solve qus 4 please
latest answer
Got you bro
Dhakshana Dhakshana
CFA L2
★ 18K+
9
474
AS 20
Accountancy
answered on 02-Sep-22 15:54
When potential Equity shares are dilutive and Anti-dilutive also when they are considered in calculation of EPS?
latest answer
Only when dilutive - considered for diluted eps.
Shubham .shubham
CA Inter
★ 885
1
584
AS 20
Accountancy
answered on 02-Sep-22 16:58
Any situation where diluted EPS can be greater than basic EPS ?
latest answer
It will be a case of impraticality
Shubham .shubham
CA Inter
★ 885
3
573
Rounding off
Accountancy
answered on 03-Sep-22 12:10
If provision for taxation is 163.8 can't I round off for 164 or should I consider materiality? Amounts in (000)
latest answer
We can round off
Sugam SM
CA Final
★ 9K+
3
509
Rectification of error
Accountancy
answered on 02-Sep-22 19:01
6 entry when p&l adj. And susp. A/c open
latest answer
Ok Thank you
Harshita Tripathi
CA Inter
★ 2K+
6
956
AS 19
Accountancy
answered on 02-Sep-22 16:10
AS 19
latest answer
Only guaranteed.
Shubham .shubham
CA Inter
★ 885
3
528
AS 19
Accountancy
answered on 02-Sep-22 15:57
"Expected realisable value" is ignored or considered in calculation of liability of Lessee?
latest answer
If its guaranteed residual value - then considered. Expected is not considered for calculation of lease liability. The way you have to look at it is - what is the liability of lessee?
Shubham .shubham
CA Inter
★ 885
5
554