Forums
Average due date
Accountancy
answered on 08-May-22 06:34
In illustration 11 I have two doubts. First in calculating the interest by original system for A in the vedio sir have calculated the period by months but for B the period was calculated in days, Why? We can calculate in month itself na
latest answer
No mention :)
Lathika
CA Inter
★ 6K+
11
309
FS of Banking
Accountancy
answered on 07-May-22 16:37
If OD of 2500 is already included in current account 97000, then why current accounts are shown 99500 in deposits instead of 94500. Why they are adding again ?
latest answer
Rs. 9,70,000 is the net credit Balance which is payable by the bank to their customers. This 9,70,000 is calculated by including the debit balance of OD's which is Rs. 25,000/-. Hence, for the purpose of presentation the debit balance of OD's is shown in the assets side of FS and the contrary effect is given by increasing the OD to actual credit balance which would have been 9,95,000 ( 9,70,000 + 25,000). In simple terms, the assets are pulled over and the actual liability without netting off is shown in liabilities side.
Madhaan S
CA Final
★ 14K+
2
341
Buy back of shares
Accountancy
answered on 07-May-22 17:05
I didn't understand why maximum number of shares that can be bought back is 32 crore shares instead of 320
latest answer
Thankyou ð??¯ i understood
MAYURI RATHOD
CA Inter
★ 70
9
375
Banking Companies Adv. acctng
Accountancy
answered on 07-May-22 12:34
In material page no 8.92 Illustration 2 .. I have a doubt regarding interest and discount value for the current year. I couldn't understand how they got the value of Re. 22,97,000 while question is mentioning the value of such variable as Rs. 20,45,000. Is there any adjustment regarding this or what?. Pls anyone explain this
latest answer
You need to add back, Provision for taxation PBD Loss on sale of investment
Manoj Raj
CA Final
★ 12K+
2
282
Brs
Accountancy
answered on 07-May-22 09:28
Can someone tell me what a cancelled cheque means?
latest answer
A cancelled cheque refers to a cheque that contains two parallel lines drawn across the layout. It is also necessary to write the term â??cancelledâ?? between these lines. You need not make a signature on the cancelled cheque. The cancelled cheque will be used to gather details such as account number, account holderâ??s name, MICR code, name and branch name of the bank, and IFSC. In a different context, a cancelled cheque is a cheque for which payment has already been done. The moment cash is drawn with a cheque, the bank marks it as cancelled. Once it is cancelled, the cheque cannot be used as an authorization for the removal of additional funds from the payerâ??s account.
Pranaya Ramaprasad
CA Foundation
★ 0
1
3K+
Brs
Accountancy
answered on 07-May-22 10:31
One cheque of Rs 400 was cancelled. Favourable balance of cash book is given. How will this be treated in Brs?
latest answer
As the cheque stands cancelled, the amount wouldn't have been withdrawn from the bank. But we would have reduced the same from the bank book maintained with us. The passbook will have no effect, whereas we have to add back the amount of 4,000 in Bank Book(Cash Book) maintained with us as we would have reduced the amount while issuing the cheque.
Pranaya Ramaprasad
CA Foundation
★ 0
5
345
Why carriage outward hidden adjustment not considered here
Accountancy
answered on 07-May-22 10:30
Why carriage outward hidden adjustment not considered here
latest answer
You can take either assumption and solve it.
Anoop P K
CA Final
★ 2K+
10
538
General instructions for preparation of statement of profit and loss
Accountancy
answered on 08-May-22 12:47
Other income includes (d)net gain/ loss on sale of investments. Please state how net loss be included in income?
latest answer
Thankyou
Rinuja TK
CA Inter
★ 10K+
3
365
Caro
Accountancy
answered on 07-May-22 10:33
CARO2016 OR CARO2020 WHICH IS APPICABLE FOR MAY EXAMS
latest answer
https://www.indigolearn.com/resources/Notes/CA-Inter/7b1e5777f7c2497fa1e1ca5ed5d33f43 You can refer to the notes here as well.
Nivas Reddy
CA Final
★ 385
7
377
Departmental
Accountancy
answered on 06-May-22 19:33
If Dept A sends to Dept B then Dept sells all the goods no goods in dept B then waht is unrealized profit of Dept A please answer this question sir /madam
latest answer
The Markup adjustment is done only when the stock which is marked up or down is left in the stock at the date , as all the stock is sold there is no need for such adjustment
Chandramouli A
CA Inter
★ 720
7
323