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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
CA Inter
★ 610
3
360
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
CA Inter
★ 270
4
363
Depreciation
Accountancy
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
326
Mtp may 22 Q 5(a)
Accountancy
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
483
Due date
Accountancy
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
352
Branch accounting
Accountancy
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
★ 530
11
520
Branch accounts
Accountancy
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
316
doubt
Accountancy
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
★ 9K+
5
361
Accounting from Incomplete records
Accountancy
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
300
Redemption of Preference shares
Accountancy
answered on 14-May-22 09:07
Is bonus share also given on share issued for redeeming preference shares
latest answer
In Page no.7.35 , Specifically mentioned equity shares issued for redemption are not eligible for bonus.
Harsh Mittal
CA Final
★ 1K+
5
302