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Branch accounts doubts

Accountancy

answered on 13-May-22 22:37

Why in illustration 6 and illustration 3(a) branch account loading and stock reserve is not written and why separete adjustment account is made here for these, how would we know that when to make adjusent account.

latest answer

True

Sahil walia

Sahil walia

CA Inter

5

2

324

Branch accounts doubt

Accountancy

asked on 13-May-22 22:23

Why in illustration 1(b) in branch expense accounts To expense is written ,it should be To HO

latest answer

No answers yet!!

Sahil walia

Sahil walia

CA Inter

5

0

323

Hi repurchase

Accountancy

answered on 14-May-22 13:27

Illustration 2 in study material if we do dis method will we get marks

latest answer

Ok sir tq

Shru Kanda

Shru Kanda

CA Inter

610

3

338

Amalgamation of Companies

Accountancy

answered on 13-May-22 21:55

Can anyone explain this two question. 1. 5th point I'm little bit confused with the words purchasing company and vendor company. Can anyone please explain this point 2. 9th point In this point they said transfer the amount to eq. Share cap including balance in realization account but i the working note balance profit transferred to share holders account is only 3,82,500 . But in the entry itself it has amount Payable un cash to preference share holders also added. I don't know why?

latest answer

Ok thanks brother

Manoj Raj

Manoj Raj

CA Final

12K+

18

742

Advanced Accounts

Accountancy

answered on 14-May-22 13:35

Which of the following chapters is comparatively easy in Advanced accounts? 1. Amalgamation 2. Partnership Accounts 3. Consolidated financial statements

latest answer

In exams would suggest to take up these questions towards the end. All are tough and lengthy.

bharath M

bharath M

CA Final

19K+

6

425

Accounts doubts

Accountancy

answered on 14-May-22 09:06

: How in illuatartion 1(a) of chapter 13 we know that direct purchases 45000 is made by HO, why not direct purchases 16000 is made by HO.......latest study material for nov 2022 page 13.9

latest answer

Sorry i also have exam Tomorrow I request you to read the question twise and look for the answer, first read the requirement of questions

Sahil walia

Sahil walia

CA Inter

5

5

376

Pre n post

Accountancy

answered on 14-May-22 13:36

Traveling exp is based on time ratio r sales ratio?

latest answer

Yes.

Kumar padma

Kumar padma

CA Inter

3K+

8

375

Departmental accounts

Accountancy

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

Girinath A

CA Inter

765

5

365

Investment accounts

Accountancy

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

Shru Kanda

CA Inter

610

3

359

AS13 DOUBT

Accountancy

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

Remya Raveendran

CA Inter

270

4

362