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Accounting for not for profit Organization

Accountancy

answered on 23-Jun-22 18:18

Can any one send the solution of this question

latest answer

It is crt answer

Subramanyam N

Subramanyam N

CA Inter

6K+

7

359

Ratification

Accountancy

answered on 23-Jun-22 18:37

A sale of 2760 was posted from sales book to the debit of M/S Sobhag traders at 2670. Ratification entry after preparing the trial balance

latest answer

Thank you sir !

Jitendra Kumar

Jitendra Kumar

CA Final

41K+

3

858

BRS

Accountancy

answered on 23-Jun-22 12:04

How this will affect? If we starting from cash book ?

latest answer

Welcome

Jitendra Kumar

Jitendra Kumar

CA Final

41K+

4

371

Accounting principle

Accountancy

answered on 23-Jun-22 10:38

Difference between accounting concept and principles ?

latest answer

Principles are based on concepts

Vani

Vani

CA Foundation

2K+

5

423

Rectification of errors

Accountancy

answered on 23-Jun-22 18:33

Mcq 2nd question

latest answer

Yes

Karpagam Kaliyamoorthy

Karpagam Kaliyamoorthy

CA Inter

3K+

3

321

How to find?

Accountancy

answered on 23-Jun-22 15:29

Rent and rates is debit or credit balance why ? Pls explain

latest answer

No worries. We are there to help you :)

Sai G

Sai G

CA Inter

6K+

11

376

Average due date

Accountancy

answered on 22-Jun-22 15:53

For the first transaction why should we exclude 1 of Jan ?? I think 1 Jan should be included because it is opening balance In suggested answer it is excluded

latest answer

You're correct...date for opening balance will be included

Jitendra Kumar

Jitendra Kumar

CA Final

41K+

2

337

Main Exam

Accountancy

answered on 22-Jun-22 11:03

For accounts exam notes from pvt. Coaching Institute & icai material & all RTPs, MTPs, Question papers upto 2018 All these things will be enough for main exam right ?ð??? Or should I have to prepare anything else too for exam ?

latest answer

It's sufficient .there is nothing left after all these.

Vishal Mittal

Vishal Mittal

CA Inter

4K+

9

381

Doubt

Accountancy

answered on 21-Jun-22 10:19

In periodicity concept Limitations Consistent and uniform accounting treatment for ascertaining the profit and assets of the firm I have a doubt in the above point In the above point why we are only comparing assets and profit but why we are comparing liability Because liabilities are also part of business For example for purchasing machinery if we don't have money we will take a loan for purchasing machines for the business Liabilities can also effects the business

latest answer

Assets and liabilities are used to evaluate business's financial standing, and to show its equity by subtracting your company's liabilities from its assets. For these reasons, it's important to have a good understanding of what business liabilities are and how they work.

sai t

sai t

CA Foundation

2K+

1

376

Forfeiture and reissue of share

Accountancy

answered on 21-Jun-22 09:26

Q (iii) does not compliance with Companies Act 2013. As per Section 52 a company cannot issue share at discount except in case of sweat equity shares. How to solve if this type of question ask in exam ? Pls explain the entries.

latest answer

Thank you

Jitendra Kumar

Jitendra Kumar

CA Final

41K+

5

528