Valuation of opening inventory

answered on 26-Apr-22 21:00

why the answer is b

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THANKS

Swathi Krishna

CA Final

★ 8K+

7

329

Bonus issue

answered on 26-Apr-22 20:50

In case of sanction of bonus by converting partly paid to fully paid shares...should we consider crr or not?

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My pleasure

Anirudh gupta

CA Inter

★ 27K+

8

473

Ledger accounts basics

answered on 26-Apr-22 14:10

ð??? in ledger account while preparing there is a "TO" and "BY" , what actually meaning of this to and by?? Receive or paying??

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Thanks friend

MPR Sanjay Kumar

CA Inter

★ 490

11

398

Advanced accounts, partnership unit 2.

answered on 26-Apr-22 14:36

Illustration 8 .. why is realization loss not paid by partners in partner account

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You can pass that entry. Generally this is a notional entry and the partner bring in or withdraw the net amount.

krishna prasanthi

CA Final

★ 13K+

1

232

Partnership retirement

answered on 26-Apr-22 11:57

So here the financial year 2019-20 profits came out to be 48000. The partners were in ratio of 5:4:3 but after 1/4/19 they revised as 3:4:4. So the profits is transferred to old partners in ratio of 5:4:3 but for the period it is 3:4:4. So I didn't understand the logic behind it of sharing in 5:4:3 instead of 3:4:4?

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Yep got it after reading further:).

Sugam SM

CA Foundation

★ 9K+

2

315

Valuation of opening inventory

answered on 26-Apr-22 20:03

why the answer is 5,70,000?

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Welcome

Swathi Krishna

CA Final

★ 8K+

3

269

As 10, rtp may 21

answered on 26-Apr-22 14:43

Que 17.b, i couldn't get the logic ,i thought as the ownership is not there it shouldn't be capitalised

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Thanks a lot

mani charan

CA Final

★ 3K+

5

305

Partnership Accounts - Admission

answered on 26-Apr-22 18:41

Greetings, kindly clarify why Bank A/c is debited to Beeta capital A/c in the ICAI SM illustration 11- page 8.81 (pics attached). Thank you.

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ok thank you sir

Aswin Chandar

CA Final

★ 40K+

2

240

Investment ac

answered on 26-Apr-22 15:13

Sir, I have a doubt in 3rd and 4th point (reg.rights entitlement)of investment ac question which is given in rtp may 21.

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Thank you sir! It took little time to understand but yes, now i got the answer! Again thank you sir

AAYUSH GUPTA

CA Final

★ 2K+

7

298

Partnership admission

answered on 28-Apr-22 10:34

So here goodwill can be analysed as 2 cases bought in cash and as premium. So here how will we get to know whether goodwill is bought in as cash or premium.

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In this case the firm is getting goodwill and not the partner getting existing goodwill of the firm. Generally in such cases the incoming partner would bring less capital and may still enjoy higher share of profit.

Sugam SM

CA Foundation

★ 9K+

6

289