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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
753
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
358
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
422
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
359
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
360
Insurance claims
Accountancy
answered on 13-May-22 16:52
Sir here annual turnover we have to take as zero sir
latest answer
In the question , they estimating policy amount to be taken( but not claiming loss )so to cover the loss that may /may not occur it's taken as G.P on annual turnover + additional expenses for better security (because to insure fully as per the given details )
Pandusml V
CA Final
★ 4K+
8
417
AS 16
Accountancy
answered on 13-May-22 06:17
In this question Why they are treating advance paid for additional asset is a Qualifying asset
latest answer
If sufficient information is not available, you need to make an assumption that either the asset is qualifying or not qualifying
nisam M
CA Final
★ 23K+
3
364
Use of free reserves
Accountancy
answered on 12-May-22 23:14
Is there any order for utilising reserve? i.e among p and l, general reserve which should be used first for giving bonus shares etc...
latest answer
Thank you
Umayal Lakshmanan
CA Final
★ 6K+
2
410
Mtp 2
Accountancy
answered on 13-May-22 15:27
I want clear explanation and ans for this question plsss
latest answer
I hope you understood
Pandusml V
CA Final
★ 4K+
3
400
Profit and loss pre and post incorporation
Accountancy
answered on 12-May-22 23:39
Sir in last thread you said that interest should be transferred to post period but in module it's been apportioned between pre and post period
latest answer
15,00,000 Ã? 9% Ã? 7/12 = 78750
Harsh Mittal
CA Final
★ 1K+
7
439