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NPO - Receipts and payments A/c
Accountancy
answered on 28-Apr-22 12:56
In this attached question, in the paragraph below subscription details it is given as General expenses include insurance prepaid Rs.60. As this 60 is included in the Income and expenditure acc this cannot be amount received this year as prepaid. So then why is 60 added to 500 insted of deducting. Kindly explain. Thank you.
latest answer
ok thanks a lot bro
Aswin Chandar
CA Final
★ 40K+
6
538
Employee Stock Option Plan
Accountancy
answered on 30-Apr-22 10:35
Can someone pls explain the Illustration 6 of 'Accounting for Employee Stock Option' chapter.
latest answer
You need to take the most prudent approach. If in year 1 it is not met, we assume it would be done in year 2.
Rama Sesha Gopal
CA Final
★ 11K+
3
360
Liquidation of Companies
Accountancy
answered on 28-Apr-22 10:33
Sir, it preparing "LIST H- Deficiency account" important??
latest answer
You can prepare as per the workings given in class.
AAYUSH GUPTA
CA Final
★ 2K+
2
408
Amalgamation of companies
Accountancy
answered on 28-Apr-22 10:53
Book back questions number 5(sun and Neptune problem) , is book solution correct 1) purchase consideration includes debentures issued 2) before amalgamation itself debtors and creditors inter adjustment made ...... Kindly assist whether book solution is correct or not professionals.........
latest answer
Thanks sir .... I thought debentures were issued to debenture holdersð?¤? It was an misunderstanding on Interpretation of questions
poco m2 pro
CA Inter
★ 3K+
3
451
Provision for Doubtful Debt
Accountancy
answered on 27-Apr-22 10:23
Which provision for doubtful debt is to be deducted from debtors in the balance sheet Only which is required or Both which are given in trial balance and required. for example:- Bad and doubtful debt is given in trial balance is â?¹1650 and Provision for doubtful debt is to be maintained @ 1% of sales (given in additional information) how much amount is deducted from Debtors in the balance sheet? (Sales for the year is â?¹167200)
latest answer
If Bad debts are given in trial balance -> It means that the debtor balance is already adjusted. Entry which is already passed Bad Debt Dr. [Expense] To Debtors [Asset] so you are not required to reduce this balance from debtors again. If provision is given in trial balance - this will be reduced from debtors balance.
Jitendra Kumar
CA Final
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4
8K+
Partnership Accounts - Retirement
Accountancy
answered on 27-Apr-22 13:16
Kindly someone help me with the goodwill adjustments entry. I couldn't get the right goodwill table entry. Thank you.
latest answer
ok thanks for the confirmation bro.
Aswin Chandar
CA Final
★ 40K+
2
472
Journal entry
Accountancy
answered on 03-May-22 10:15
Sir, Vehicle insurance of the company is paid by director. Later on the company repaid the director with that amount. In tally which all entries we need to put
latest answer
Thanku sir
Sajan Gangadharan
CA Final
★ 9K+
12
439
Valuation of opening inventory
Accountancy
answered on 26-Apr-22 21:00
why the answer is b
latest answer
THANKS
Swathi Krishna
CA Final
★ 8K+
7
417
Bonus issue
Accountancy
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?
latest answer
My pleasure
Anirudh gupta
CA Inter
★ 27K+
8
622
Ledger accounts basics
Accountancy
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??
latest answer
Thanks friend
MPR Sanjay Kumar
CA Inter
★ 530
11
499