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Provide me sums
Accountancy
answered on 06-Apr-22 17:13
Please provide me sums of final accounts consisting commission calculation abnormal loss calculation and claim of insurance and provision for bad debt and other tricky adjustments in one problem. I solved all questions from study mat but commission and abnormal loss adjustments were not available. If you find any sums with these adj pls share
latest answer
Ok sir
Sugam SM
CA Final
★ 9K+
5
344
Doubt
Accountancy
answered on 01-Apr-22 21:26
In this question does vesting period starts from 1/10/20x0 and ends in 31/3/x5 ...?
latest answer
Yes you are right
Sri kanaga Varshini
CA Final
★ 3K+
1
326
AS 11
Accountancy
answered on 31-Mar-22 16:41
Sir, I have a small doubt in the CA Intermediate classes - Group 1 Accounting Standards - AS 11 - Module 4 named "Forex loss for depreciable assets (Amendment)" which is a length of 11:30. I have a small doubt in the video duration from 9:25 to 10:00 . There Mr. Satya Raghu Sir concluded that in the Option 2 the journal entries are "P&L a/c Dr, To Forex loss a/c" - which are actually the journal entries of Option 1 , which I think may not be intentionally said by him and may be erroneously spelled by him. Kindly Can you see the video and clarify the doubt ? I just wanted to clarify and in no way I'm trying to make any faculty wrong.
latest answer
Ok Sir. Thank you for your response.
Avasarala Vivek Aditya
CA Inter
★ 6K+
2
361
Manufacturing entities
Accountancy
answered on 01-Apr-22 16:07
How did they classify sale of scrap to manufacturing entity. It can even be sale of some old asset of office which would be sold as scrap. Can we give assumption under this?
latest answer
Bro, in this question they have directly given the amount for sale of scrap. So we don't have to worry about it.
Sugam SM
CA Final
★ 9K+
3
560
INDAS, AS ONLY COMPANIES?
Accountancy
answered on 31-Mar-22 08:26
INDAS and as are to be followed by companies only?? What the other companies or firms or ind books follow if they don't come under AS and INDAS
latest answer
https://youtu.be/SBz6fh6rFJI This video can help you understand
vasabattula abhinav
CA Final
★ 85
1
306
Final accounts
Accountancy
answered on 30-Mar-22 22:05
Sundry debtors 5th adjustment and its working note. My doubt is as I approached this adjustment(5) as the net impact would be like 10000 yet receivable from him as Sundry debtors balance will increase. So the provision for 120000 to be 130000 right but there is sale accounted which is not recorded. So my doubt is still we are entitled to receive 10k but they just deducted Sundry creditors 10k as the impact to be increased by 10k amounting to 115k for which provision would be @5%. So please correct me If my assumption and approach is wrong regarding net adjustment of sundry debtors and creditors
latest answer
Since then I am been thinking how should I able to communicate best with u to make u that clarity..it's somewhat understanding prblm ..what i said is that but I put it simply that u don't understand ..anyway u got it..
Sugam SM
CA Final
★ 9K+
6
434
Liquidation of Companies
Accountancy
answered on 30-Mar-22 09:08
Pls Explain the Below statement ie Sec-326 of companies Act
latest answer
If there are any workmen dues at time of liquidation - then the amount realised from assets secured should be shared proportionately amongst workmen and secured creditors Workmen's portion = Value of security x [(Workmen's dues)/(Secured loan + Workmen's dues)]
Surya Prakash
CA Final
★ 19K+
1
297
AS.18-related party disclosures
Accountancy
answered on 29-Mar-22 18:02
How can we differentiate between control relation ships and significant influence relationships?
latest answer
Thank you
Anusha narayana
CA Inter
★ 2K+
8
314
Doubt in Intermediate - Group 1 Accounting Standards classes - AS 11 lecture - Module 4
Accountancy
answered on 31-Mar-22 16:32
Sir, I have a small doubt in the CA Intermediate classes - Group 1 Accounting Standards - AS 11 - Module 4 named "Forex loss for depreciable assets (Amendment)" which is a length of 11:30. I have a small doubt in the video duration from 9:25 to 10:00 . There Mr. Satya Raghu Sir concluded that in the Option 2 the journal entries are "P&L a/c Dr, To Forex loss a/c" - which are actually the journal entries of Option 1 , which I think may not be intentionally said by him and may be erroneously spelled by him. Kindly Can you see the video and clarify the doubt ? I just wanted to clarify and in no way I'm trying to make any faculty wrong.
latest answer
Your point is valid. Those are journal entries of Option 1. Thanks for highlighting. We will rectify the video.
Avasarala Vivek Aditya
CA Inter
★ 6K+
1
292
Insurance claim
Accountancy
answered on 29-Mar-22 10:39
Please provide the answer of this question ( 2a )
latest answer
Hello actually you pr gp calculation is wrongâ?¦.
Hai Iam Anas
CA Inter
★ 8K+
5
337