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Partnership accounts

Accountancy

answered on 11-Mar-22 17:46

Can any one explain following point with small example?

latest answer

Understood

Sairam Reddy

Sairam Reddy

CA Final

10K+

11

632

Is there any omission of portions in depreciation

Accountancy

answered on 11-Mar-22 14:54

So where are the missing lectures in between i.e.,12,14 and 16

latest answer

As discussed over the call, Please reach our support team for any technical issues at 9154911196.

Sugam SM

Sugam SM

CA Final

9K+

7

320

Cma foundation online or offline exam

Accountancy

answered on 11-Mar-22 13:23

Jabeer

latest answer

100 percent confirm

Shaik Jabeer

Shaik Jabeer

CMA Foundation

1K+

2

349

Branch accounts

Accountancy

answered on 11-Mar-22 10:13

I'm unable to calculate depreciation for furniture and fixtures in this sum. Pls help me

latest answer

Please try and post your computation and we will check and correct if required. Hint - adjust furniture sold and then compute the depreciation

Samaira Khan

Samaira Khan

CA Inter

3K+

1

323

AS 10

Accountancy

answered on 11-Mar-22 15:05

Pls explain the paragraph in the image below. Especially the meaning of enterprise specific value.

latest answer

Ok mam thank you

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

5

300

Incomplete records

Accountancy

answered on 11-Mar-22 00:01

Kindly some one explain i, iv, and vii adjustment please

latest answer

Thanks dr

Shagana Anis

Shagana Anis

CA Inter

1K+

6

444

Current cost and Replacement cost

Accountancy

answered on 11-Mar-22 15:21

Are these costs same or do they differ from each other? Pls explain with an example.

latest answer

Ok mam thank you

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

6

460

Banking companies

Accountancy

answered on 11-Mar-22 17:59

Provisioning for advances covered byECGC/DICGC guarantee. Why the percentage of provision is not given, if the period for which the advance has remained doubtful in D1 and D2 category of NPA in the case of secured asset ( they given 100 percentage of provision if the asset is doubtful for more than three years remained doubtful)

latest answer

100% only , irrespective of d1 d2

venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Final

34K+

3

354

Capital & Revenue Expenditure

Accountancy

answered on 11-Mar-22 14:18

Inauguration expenses comes under capital expenditure or revenue expenditure?

latest answer

Yes if the expenditure adds value to the asset i.e will it extend life or increase returns only then Capex else even if one time then opex only

Ratnasri N

Ratnasri N

CA Foundation

0

3

387

adjustmet frome final account for SP

Accountancy

answered on 11-Mar-22 15:37

Bank overdraft is secured against hypothecation of stock. Bank overdraft outstanding as on 31.3.2020 has been considered as 80% of real value of stock (deducting 20% as margin) and after adjusting the marginal value 80% of the same has been allowed to draw as an overdraft. GIVEN OVERDRAFT 320000 NOw how to calculate closing stock..first I thought 320000/80% i.e 400000 is closing stock but answer is 500000

latest answer

It will be be 3.2L/80% = 4L and then again 80% of that which gives us 5L (value of stock)

Harshitha Kalidindi

Harshitha Kalidindi

CA Final

46K+

2

4K+