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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
566
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
626
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
574
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
642
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
395
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
642
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
397
Company accounts
Accountancy
answered on 07-May-22 10:31
Calculation of capital reserve?
latest answer
Amount to be transferred to capital reserve = 500 x 70 = 35,000 In share forfeiture account - balance c/d 49,000 You can prepare in tabular format as well or on per share basis as well. This working will max carry 1 mark
Sugam SM
CA Final
★ 9K+
30
822
NPO
Accountancy
answered on 05-May-22 11:10
Please tell the treatment of land donated (Q 2) Also whether it's a specific donation or not?
latest answer
Okk thank you
Navjot Singh
CA Foundation
★ 5K+
4
475
PROFIT OR LOSS PRE POST
Accountancy
answered on 04-May-22 17:55
In this case study their mention the basis of allocations ratio wise for example total amount 5,40,000 basis of allocations 2:7 how the one lakh 20000 and 1040000 will came??? Plse explain me
latest answer
Sure friend ð???
MPR Sanjay Kumar
CA Inter
★ 525
12
490