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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
452
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
310
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
329
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
305
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
358
Suggested answers Dec 2021
Accountancy
answered on 29-Mar-22 12:31
Will you provide the answers of Dec 2021 exam
latest answer
Ok
Hai Iam Anas
CA Inter
★ 8K+
5
302
Answer the below problem With clear solution ??
Accountancy
answered on 29-Mar-22 00:52
The following figures of sales and profits of two years are Years Sales Profit 2019 1,50,000 20000 2020 1,70,000 25000 You are required to calculate A) P/v B) BEP C) Sales required to earn profit of Rs 40000 D) Margin safety at a profit of Rs 2,50,000 E) Profit made when the sales are Rs 50000 F) Variable cost in the two periods Can any one kindly answer this and send a clear picture ????
latest answer
Solution
Aakash Raavi
CMA Inter
★ 320
1
1K+
Narration
Accountancy
answered on 28-Mar-22 12:31
"As per board resolution no..... dated...." Can I write narration without this ?
latest answer
Ok
Sibi Srinivasan
CA Final
★ 22K+
2
339
Intangible asset vs goodwill
Accountancy
answered on 07-Apr-22 07:31
Are they both same? As intangible assets definition says it to be identifiable..Goodwill is not identifiable..so aren't they both are same??
latest answer
As14 IndAs 103
vasabattula abhinav
CA Final
★ 85
8
377
Small doubt.......
Accountancy
answered on 28-Mar-22 09:34
Can anyone say....pls....... Journal is recorded as per chronological order that means=date wise........ Ledger is recorded as per analytical order that means what.....?????????
latest answer
Thanks mam and all of you.....
Balachandar S
CA Inter
★ 59K+
7
404