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Financial statements
Accountancy
answered on 14-May-22 14:26
How to prepare balance sheet if the firm is not going concern.
latest answer
Thank you
Umayal Lakshmanan
CA Final
★ 6K+
6
420
Regarding presentation
Accountancy
answered on 14-May-22 13:01
In answer sheet If my answer is in following order is it acceptable by examiner or is there any procedure to attend Example attending qu.no 2 option a first and Second question no 3 And later if I attend questions no 2 option b Is this type of answering ok or not
latest answer
Ok.....
poco m2 pro
CA Inter
★ 3K+
6
459
Insurance Claim
Accountancy
answered on 14-May-22 15:50
Can someone send a list of Uninsurable standing charges ?
latest answer
There is no specific uninsured standing charges. The question will list out whether the same are insured or uninsured.
Sundar Rajan
CA Inter
★ 85
6
416
Doubt
Accountancy
answered on 14-May-22 15:59
If prepaid wages opening is 40 lacs and closing balance is 50 lacs.. And wages expense recorded in p&l is 800 lacs.. What is the cash paid.
latest answer
Cash Expenses = Expenses on Accrual basis â?? Prepaid Expenses in the beginning and Outstanding Expenses in the end + Prepaid Expenses in the end and Outstanding Expenses in the beginning
Shru Kanda
CA Inter
★ 610
5
469
Branch accounts doubt
Accountancy
answered on 14-May-22 12:59
Why in illustration 8 stock reserve is not shown in outlet stock account
latest answer
Here the question is to determine profit/loss made by outlet considering wholesale price as cost to outlet.
Sahil walia
CA Inter
★ 5
1
448
Branch accounts doubt
Accountancy
answered on 14-May-22 13:00
How in illustration 7 in woking note 3 602750 is written fron where does it come.
latest answer
Addition to plant and machinery given in the question
Sahil walia
CA Inter
★ 5
1
442
Branch accounts doubt
Accountancy
answered on 14-May-22 14:01
Please tell collection from debtors entry in head office books and branch books.....there is no photo of this....i am just asking journal entry
latest answer
Yes he is a teacher. Admin represents Faculty
Sahil walia
CA Inter
★ 5
5
421
Branch accounts doubt
Accountancy
answered on 14-May-22 13:08
Why in illustration 14 goods are not shown at invoice price and stock reserve is created,, and why in closing stock 80%of 3000 is taken
latest answer
Since branch is not preparing and trading accounts etc. HO will prepare the P&L as if it itself has done the transactions. So all items are recorded at cost.
Sahil walia
CA Inter
★ 5
1
448
Financial statements( managerial remuneration)
Accountancy
answered on 14-May-22 12:48
These not to be deducted for computation of profit Please explain the point C
latest answer
loss of a capital nature not including any excess of the written-down value of any asset which is sold, discarded, demolished or destroyed over its sale proceeds or its scrap value
Subash Chandrabose
CA Final
★ 32K+
2
581
Branch accounts doubt
Accountancy
answered on 14-May-22 13:11
Explain loss by theft journal enrry in illustraation13 and why in this question profit and loss account is prepared when it is not asked to.
latest answer
When you send goods to branch - you debit branch When the branch did not receive goods because of loss You debit loss and credit branch P&L Is prepared for the first entry
Sahil walia
CA Inter
★ 5
1
421