Departmental accounts

answered on 13-May-22 20:47

Why discount received is apportioned in purchase ratio and why discount allowed is apportioned in sales ratio?

latest answer

*will be

Girinath A

CA Inter

★ 765

5

301

Investment accounts

answered on 13-May-22 17:58

To calculate closing balance for debentures by fifo method. Should we take cost without interest or cum interest price.

latest answer

Since the purchase is on 1st October, and Interest is paid on 30th September - technically there is no interest.

Shru Kanda

CA Inter

★ 610

3

314

AS13 DOUBT

answered on 14-May-22 10:49

How to do this question..in icai suggested answer mutual fund is taken as investment..but as per AS 13 mutual fund is not applicable in investment

latest answer

Ok thank you

Remya Raveendran

CA Inter

★ 270

4

317

Depreciation

answered on 14-May-22 06:52

10% on cost means SLM or WDV

latest answer

Bcos the que specifies 10% on cost of the asset means u should do only SLM

Harsh Mittal

CA Final

★ 1K+

5

286

Mtp may 22 Q 5(a)

answered on 13-May-22 11:19

1)They have taken loan from other parties as other current liabilities can we take under short term borrowing 2) why provision for doubtful debt not taken as short term provisions

latest answer

see this

Gauri Shete

CA Final

★ 4K+

2

355

Due date

answered on 13-May-22 18:38

If 15th August is a Public holiday and 14th august sudden holiday then the due date will be a) 16th August b) 13th August

latest answer

A

Jitendra Kumar

CA Final

★ 41K+

7

310

Branch accounting

answered on 13-May-22 09:12

A Branch Account is impersonal account, Branch Account is what type of nature account??

latest answer

Thanks ð??? for your reply friend

MPR Sanjay Kumar

CA Inter

★ 490

11

380

Branch accounts

answered on 14-May-22 13:32

In the given question how come closing stock 15000 for head office and 9560 in branch column can anyone explain it plz

latest answer

Head office based on OS + Costs - Sold/Transferred. Refer to WN Branch is balancing figure.

Navya Danda

CA Inter

★ 55

1

269

doubt

answered on 13-May-22 15:05

bad debts recovered is related to post incorp sales but why we consider it as pre incorp

latest answer

Bad debts are apportioned in sales ratio but bad debts which are recovered amounting to 7000/- should be presented in pre column as they are recovered before incorporation as per the rule.

Disa Selvam

CA Inter

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5

314

Accounting from Incomplete records

answered on 13-May-22 07:32

Current account as on 15-3-2022:- A rs. 5,000(Cr.), B rs. 2,000(Dr.) What does it mean, i.e. in current account on 15-3-2022, where it will appear for A and B

latest answer

Ok sir thank you

Harsh Mittal

CA Final

★ 1K+

5

245