Bad debts recovered

answered on 03-Dec-21 15:10

In the question attached below, for the BAD DEBTS OF PREVIOUS YEAR RECOVERED, they have did 2 things(which I highlighted) 1-Added the amt.(bad debts recovered) as pre-incorporation income 2- Added that amt. to current year's bad debts and collectively they have been deducted on sales ratio. Here, why they have done the thing which I have mentioned in point 2. I could understand the logic of point 1 but I couldn't understand the point 2. Can you please explain in detail.

latest answer

No.... Dec 21..... ie, next week exam

ALDRIN G

CA Inter

★ 12K+

13

391

ESOP Q3 ICAI Module New Syllabus

answered on 06-Dec-21 11:39

Why the ESOP Outstanding account is not used even when the vesting period is more than one year?

latest answer

Ok Thank you sir.

Rahul Chandramouli

CA Final

★ 600

2

413

Double column cash book

answered on 03-Dec-21 06:53

There is only 2 contra entries. Is it needed to record in a double or single column cash book

latest answer

Thanks

GOKUL KRISHNA A G

CA Inter

★ 0

2

306

Departmental accounts please help

answered on 03-Dec-21 09:52

Can anybody please tell me "why do we transfer mark on inter departmental sales to markup account & don't transfer markup on sales?" Why actually markup account is prepared

latest answer

Markup is gross profit as a percentage of sales added to transfer price. When inter-department transfers are based on market price, the sale proceeds of the department are credited in Memorandum Departmental Stock account and amount of â??Mark upâ?? is credited to the Departmental Mark up Account such that only the cost of the product is identified as closing stock needs to valued at stock in financial statements

Rocky Girl .:.

CA Inter

★ 195

1

297

Partnership please reply anyone

answered on 03-Dec-21 14:46

What will be the share of profit for only P he died on 30/sep/2020 books will be closed on 31st of Dec every year

latest answer

Ohh ok bru thank you

Dhakshana Dhakshana

CFA L2

★ 18K+

10

346

Admit card

answered on 01-Dec-21 20:40

Sir, how many pages print from admit card in ca foundation.?? Dec.21

latest answer

Thank you bro

NakulRaj Singh

CA Foundation

★ 915

4

352

Please I need only forfeiture entry for 6(a)

answered on 03-Dec-21 23:52

Help me

latest answer

Thank u its correct

Dhakshana Dhakshana

CFA L2

★ 18K+

7

340

AS 22

answered on 01-Dec-21 21:42

Why is there no timing difference in the third year?

latest answer

Thank you sir !

krishna prasanthi

CA Final

★ 13K+

2

294

Company accounts please reply sirr

answered on 01-Dec-21 11:02

If there is any call in advance or arrear In a question and the question is silent as to interest on arrear,advance then should I charge interest?

latest answer

Interest is to be charged

Dhakshana Dhakshana

CFA L2

★ 18K+

1

286

Company Account

answered on 05-Dec-21 11:35

Is calls in Arrear an Asset?I think it's an asset because it's an income which is earned but not received hence its an asset if not please tell me what it is and also the reason

latest answer

share capital receipts are not an income / revenue Calls in arrears account have a debit balance, this is due to the fact that calls in arrears are an asset for the company as they are receivable

Dhakshana Dhakshana

CFA L2

★ 18K+

4

347