Forums
Partnership accounts
Accountancy
answered on 03-Jun-22 11:51
In May 22 paper, dissolution of partnership firms question. Instead of doing adjustments in p/l adjustment account I did the adjustments in realization account. Is it OK?
latest answer
No problem
Nikhil Vasanth
CA Final
★ 4K+
3
302
Bank Reconciliation Statements
Accountancy
answered on 03-Jun-22 09:19
What is the meaning of initials on right side of pass book format
latest answer
It's sign
Subramanyam N
CA Inter
★ 6K+
5
305
Consolidated financial statements
Accountancy
answered on 11-Jun-22 21:43
Sir/mam , can you please explain me the reserve working note. Another doubt is how change in opening inventory will not affect p and l. It will change the closing profit know sir/mam.
latest answer
Thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
3
270
Preference share capital
Accountancy
answered on 02-Jun-22 00:32
Is preference share capital part of equity or liability in the balance sheet as this is also an external liability
latest answer
Ok
Vaibhav Gupta
CA Final
★ 18K+
12
577
Consignment
Accountancy
answered on 07-Nov-23 11:49
A of Ahmedabad consigned 1000 units of bed sheets to B of Bangalore each costing â?¹1,000 adding a load of 16 2/3% on invoice price. A paid â?¹20,000 for carriage â?¹10,000 for insurance and â?¹15,000 for freight for transporting the goods. Bed sheets of invoice value â?¹60,000 were destroyed in transit for which insurance company admitted a claim of â?¹ 40,000. B took delivery of remaining goods and paid â?¹5,700 as clearing charges, â?¹10,000 for storage and â?¹6,300 for selling expenses. B sold 20% of the goods received adding 10% profit on invoice price for cash, sold 50% of goods received so as to get 20% profit on selling price (over invoice price) and kept 10% of the goods with himself. B was to be given commission of 5% on total sales at invoice price, 3% del credere commission on credit sales and 10% commission on surplus sales over invoice price. Can someone show the workings of the total sales to be written for the above question?
latest answer
Invoice price = 1200 damaged = 60,000/1200 =50 Remaining 950
Pranaya Ramaprasad
CA Foundation
★ 0
4
1K+
AS-4
Accountancy
answered on 31-May-22 11:07
in AS-4 chapter, If the Question is neutral and does not gives the significance of loss which affects the going concern. can we assume on our own and write a note of our assumption at the end of our answer?
latest answer
YES
Vijay adithya
CA Inter
★ 5K+
4
347
Applicability & Non Applicability of Accounting Standards
Accountancy
answered on 30-May-22 16:36
What sort of questions can we expect from Applicability & Non Applicability part?
latest answer
Recently asked questions from that chapter is concepts related to SMC and non SMC and it's levels
Swetha S
CA Inter
★ 15K+
4
453
Buy back
Accountancy
answered on 29-May-22 15:41
In share outstanding test, what if the question has both equity as well as preference share capital? Then how should we approach the sum?
latest answer
Only equity
vs navin
CA Final
★ 1K+
5
324
Partnership accounts
Accountancy
answered on 29-May-22 20:41
Kindly explain (2) of question 1. Thank you.
latest answer
No bro, old partner bring only 6000. Half of 6000 is 3000. So 3000 is withdrawn by old partner See entry 3..in answer
Aswin Chandar
CA Final
★ 40K+
6
350
Rectification of errors
Accountancy
answered on 29-May-22 12:31
Can someone tell the rectifying entries to each of the questions below with reason?
latest answer
Thank you sis
Pranaya Ramaprasad
CA Foundation
★ 0
8
329