Forums
Final account problem
Accountancy
answered on 29-Aug-22 00:26
Rent for godown=55000 But ans shows 11000 outstanding for two months. I can't understand this 3rd adjustment.
latest answer
55000 is for 10 months.Then for two months,)55000/10 )*2
Nakul Dixit
CA Final
★ 4K+
5
5K+
Purchase account
Accountancy
answered on 28-Aug-22 14:04
Purchase a/c is carried to trading a/c what is the reason behind this
latest answer
Tq
Jaya Jaya
CA Inter
★ 165
3
549
Plse all are check me
Accountancy
answered on 28-Aug-22 15:22
As per Accounting standard 2 valuation of inventories... Raw materials valued at cost ( if finished goods are sold at above cost of this) otherwise replacement cost.. Here otherwise means replacement cost which means the finished good are sold at below cost means should have to go replacement cost IAM I correct??
latest answer
My honourable Suraj sir ,I revised your video,I just posted for Assurance... thanks ð???
MPR Sanjay Kumar
CA Inter
★ 530
3
519
Liquidation of companies
Accountancy
answered on 28-Aug-22 06:44
Please explain how loss due to liquidation is â?¹59,00,000...
latest answer
Paid up share capital - surplus available for shareholders( given in question) 79 lakhs - 20 lakhs = 59 lakhs (loss on liquidation) Loss is apportioned on the basis of no.of shares held
Naveen Kumar S
CA Inter
★ 1K+
1
442
Provision for doubtful debts
Accountancy
answered on 27-Aug-22 18:37
Ca foundation Principles and practice of accounting module 2 Page 7.53 last adjustment.
latest answer
To do this, increase your bad debts expense by debiting your Bad Debts Expense account. Then, decrease your ADA account by crediting your Allowance for Doubtful Accounts account.
Shiva Netha
CA Inter
★ 12K+
2
1K+
Bank reconciliation statement
Accountancy
answered on 27-Aug-22 18:38
Q5
latest answer
Ok great
Harshita Tripathi
CA Inter
★ 2K+
4
503
Sale or return basis
Accountancy
answered on 27-Aug-22 11:20
How we can calculate cost of the goods in detail
latest answer
Note 33(1/3)% =1/3rd Eg.100 * 33.33% = 100 * 1/3 Both results to And=33.33333 If 1/3rd sales = then 1/2nd cost Sale Rs.1,50,000. (given in Qn) Less :profit Rs 50,000 (1/3 of 150000 ) Cost of goods Rs.1,00,000 Also note = 1/2 of 1 lac cost is Rs 50,000 same profit
Harish Raj
CMA Inter
★ 4K+
1
467
Redemption of debentures illustration 4
Accountancy
answered on 02-Sep-22 16:18
In illus 4, we are redeeming it after 1 year. But we are not accounting 12% debenture interest. How to identify whether to pay the interest or not in the sums if no information regarding the same is not given? Anyone?
latest answer
Generally it will be given in question. Else you can make an assumption and solve.
vs navin
CA Final
★ 1K+
2
475
Illustration 6 of dissolution of partnership firm
Accountancy
answered on 27-Aug-22 21:24
On what basis purchase consideration is divided between cash and equity shares....how equity shares is 76,833
latest answer
Thank you !!!
Sri Yoga Vishwa. P
CA Final
★ 2K+
2
621
Company
Accountancy
answered on 26-Aug-22 12:16
What is Share Capital??
latest answer
Share of fixed amount of money contributed by various persons for the capital of the company
Prathmesh kharul
CA Foundation
★ 3K+
6
520