Forums
Departmental
Accountancy
answered on 06-May-22 19:33
If Dept A sends to Dept B then Dept sells all the goods no goods in dept B then waht is unrealized profit of Dept A please answer this question sir /madam
latest answer
The Markup adjustment is done only when the stock which is marked up or down is left in the stock at the date , as all the stock is sold there is no need for such adjustment
Chandramouli A
CA Inter
★ 720
7
460
AS20
Accountancy
answered on 08-May-22 20:19
Plz give Explanation and solution of this ques
latest answer
Potential equity here is the stock option which would be converted to equity shares.
Shilpi Sahni
CA Inter
★ 870
4
695
AS - 10
Accountancy
answered on 06-May-22 17:12
Compensation to existing tenants so as to lease the property at higher rates. Why it is capital expenditure as per AS - 10.
latest answer
Can u share the photo of ur actual question
Ravikumar Pandi
CA Inter
★ 2K+
1
460
Amortization rate calculations
Accountancy
answered on 06-May-22 16:22
Can anyone explain how to amortization rate for yrs 3to8...
latest answer
1,44,00,000*0.23= 33,12,000
Sajeetha R
CA Final
★ 46K+
4
547
Doubt -Departmental accounts
Accountancy
answered on 07-May-22 10:25
I have one doubt Sir/Mam For EG: if Dept A sends goods to Dept b at cost plus 50% Rs. 10000 then dept b sells Rs.8000 remaining 2000 unsold in Dept B ,then why we not deduct likes this in purchases of Dept B Rs10000*50/150=3333.33-Closing stock of Dept B Rs.2000*50/150=666.6 ,then the answer will be 3333.33-666.66=2666.67
latest answer
If you deduct from purchases, you would not be showing the correct picture of purchases. The reason of mark-up is to ensure that we get to see true picture of respective department.
Chandramouli A
CA Inter
★ 720
8
606
NPO
Accountancy
answered on 06-May-22 17:56
Sir take the same example which you took in NPO for match fund and suppose sale of tickets amounts to 200000 then by net of there is 90000 net gain from sale. So then what happens is it credited to I&E a/c or will it be added to match fund?
latest answer
Surplus is added to match fund.
Sugam SM
CA Final
★ 9K+
4
550
Inflation accounting
Accountancy
answered on 06-May-22 17:51
In this problem i can't understand unrealised holding gains
latest answer
The cost of inventory increased by 20,000 - so there is unrealised gain of 20,000 per truck. if they sell inventory at 2,40,000 - the entity makes a profit of 40,000 per truck
sriram kannan
CFA L1
★ 0
2
616
Issue and redemption of debentures
Accountancy
answered on 05-May-22 19:55
Prudence concept says record only anticipated losses not profits. But in issue and redemption of debentures. Eg- issue 120, redeem 90 Bank 120 Debn application 120 Debn application 120 To % debn 100 To securities premium 20 Why is securities premium recorded since it is profit?
latest answer
You have already collected the amount
Chris Topher
CA Foundation
★ 5
1
385
Consignment
Accountancy
answered on 05-May-22 21:39
In consignment, during the calculation of closing stock, what should be deducted first, normal loss or abnormal loss?
latest answer
Solution
Pranaya Ramaprasad
CA Foundation
★ 0
8
621
Payment of liq exp in Amalgamation meger mtd
Accountancy
answered on 05-May-22 18:29
Do we use capital reserve to write off the liq exp in merger method , or is it just restricted to general rsv and p&l ac
latest answer
Thank you sir
S S
CA Final
★ 2K+
2
386