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Loss due to liquidation

Accountancy

answered on 18-Apr-22 19:55

In this problem they calculated loss as 59lakhs but how did that came !

latest answer

Thank you

Kumar G

Kumar G

CA Final

12K+

2

434

Ca inter Advanced accounts

Accountancy

answered on 18-Apr-22 18:58

Underwriting of shares and debentures applicable for may 2022 exams? because it not included in icai syllabus but included in indigolearn course.

latest answer

There are some questions where ICAI has asked about underwriting

Pihu Jain

Pihu Jain

CA Inter

3K+

1

369

retirement of partner

Accountancy

answered on 21-Apr-22 09:36

why is the amount bought by the partners debited instead of being credited in their capital acc as they bought additional capital

latest answer

What is the query

s srinivas

s srinivas

CA Foundation

2K+

3

377

Entry for asset purchases by brother..on business name

Accountancy

answered on 22-Apr-22 19:53

What shall be the entry in our books? Because our Cash or bank is not affected? Is it asset dr. To capital?as it increases our networth so we credit capital?

latest answer

Generally accepted principal

vasabattula abhinav

vasabattula abhinav

CA Final

85

11

498

Hire purchase

Accountancy

answered on 18-Apr-22 17:34

In this chapter why All problems are solved in the books of hire purchaser only. What is about hire vendor(sales method , interst suspense method) books ?

latest answer

In vendor books - it would be sales , and interest income.

SUMANTH MANNAVA

SUMANTH MANNAVA

CA Inter

5K+

1

332

Right Issue

Accountancy

answered on 18-Apr-22 17:35

What is the cum-right value...?

latest answer

When you purchase a share along with right to subscribe to rights issue - the price paid is cum - right price.

Ravikumar Pandi

Ravikumar Pandi

CA Inter

2K+

1

379

Amalgamation of companies

Accountancy

answered on 18-Apr-22 16:31

How to compute cash paid? In 3 point

latest answer

Thank you

Miradevi S

Miradevi S

CA Final

16K+

2

458

NPO

Accountancy

answered on 18-Apr-22 17:41

Will they ask problems as such one which is in practical problems in study mat Where it was quite complex where I took 35 min to complete one problem. But the problem is very good for revision purpose. Can we prepare working note in finding out profit from operations as trading account itself? As in material they gave in statement form answer but it is same as trading account! Can we do like that sir?

latest answer

Looks good.

Sugam SM

Sugam SM

CA Final

9K+

5

616

Final accounts

Accountancy

answered on 18-Apr-22 07:47

If the suspence account is given in the trail balance, credit side, where it should go??

latest answer

Pls share full question

niriksha jain

niriksha jain

CA Inter

32K+

3

354

Insurance claim for loss of stock and loss of profit doubt

Accountancy

answered on 17-Apr-22 13:08

In paper 1 accounting the chapter of insurance claim for loss of stock and loss of profit Insurance claim for loss of stock formula 1. Amount of claim= insured value/total.cost.of stock on the date of fire Ã?loss of stock 2.claim subject to average clause= Any.of .policy/value of stock Ã?actual loss of stock 3.insurance claim = loss of stockÃ? insured value /total cost of stock Could you please anyone tell to me how to apply this formula for claiming the loss of stock I just confused????? Where I have to appropriate to apply

latest answer

Most welcome

MPR Sanjay Kumar

MPR Sanjay Kumar

CA Inter

530

5

545