NPO please reply

answered on 29-Nov-21 13:16

In NPO depreciation and materials consumed are both mean the same if not please say the difference??

latest answer

Depreciation is on fixed assets. Materials consumed are for materials.

Dhakshana Dhakshana

CFA L2

★ 18K+

1

283

Partnership Accounts - II of Advanced accounting

answered on 29-Nov-21 21:53

Guys can you please help to understand Bank Accounts ( Dena Bank Account OD) in Illustration 4 of pg no 328. In the adjustment, it is given that all other liabilities are discharged from Dena bank account which is Overdraft account but in the answer creditors were are taken into consideration. please give me some clarity

latest answer

In the question they given creditors are takenover by Hari Ltd so creditors are recorded in realisation a/c and loan accounts are not taken over so we must settle those liabilities through dena bank a/c

Pardhu surendra

CA Final

★ 5

1

287

Adv acc AS

answered on 29-Nov-21 08:55

Whether revision of AS of grp2 , Part 2 class of it today!!???

latest answer

Ok sir

Sathiya Bama

CA Final

★ 23K+

2

293

Statutory reserve

answered on 29-Nov-21 11:08

What is the rate of SR for bank for dec attempt?

latest answer

If you mean SLR - it's 18%

Aman Mahajan

CA Final

★ 19K+

2

274

Insurance claim

answered on 28-Nov-21 23:16

In this sum how to calculate actual lose of stock how comes 120000?

latest answer

You are welcome

Raashi 14

CMA Inter

★ 330

3

302

Insurance claim

answered on 03-Dec-21 09:09

In closing stock how to calculate abnormal , gross loss

latest answer

Total abnormal item cost = 137700 (i) Cost of items sold out of the above = 55,080 (A) Less : Loss on sale given in question = 11,080 (B) Sale value of abnormal stock = (A)-(B))= 44,000 (ii) Items left as stock in abnormal item [(i)-(ii)] = 82,620

Raashi 14

CMA Inter

★ 330

1

267

Cash reserves ratio

answered on 30-Nov-21 13:51

Which percentage is required to be maintained by banks for cash reserve ratio for dec 2021

latest answer

Yeah it's 4% I found it

Agrawal Chirag

CA Inter

★ 2K+

4

291

Manufacturing account

answered on 28-Nov-21 18:01

Is frieght inward include in direct expense? If no then why?

latest answer

We should include FREIGHT INWARD but Not FREIGHT OUTWARD Bcz freight outward is not related to MNFG, and treated as indirect exp, simple all inwards are relating to mnfg as direct expense, all outwards are indirect expense and shown in debit side P&L a/c

Sumita Shah

CA Inter

★ 2K+

2

280

Advanced Accounting - Amalgamation

answered on 29-Nov-21 21:35

In purchase method, the purchase consideration should be matched with Net Assets (Total assets - outsider liabilities). If we pay more than net assets then the excess amount will be transferred to goodwill, if we pay less than net assets then the difference amount will be credited to Capital Reserve. In Merger method, how should we deal with purchase consideration ? How to adjust reserves and surplus? Please clear my doubt with the help of illustration 9 of Amalgamation Pg. no 203

latest answer

Hello geethika can you please help me with partnership question that i posted recently

Pardhu surendra

CA Final

★ 5

13

458

Liquidation of companies

answered on 28-Nov-21 10:56

Anyone tell me Why taxes paid is 26000 Bcz I donâ??t know how that was raised with 12months

latest answer

Assessment cannot be concluded before the assessment year itself!

Pradeep Ravikumar

CA Final

★ 675

4

286