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Partnership accounts
Accountancy
answered on 12-Dec-21 14:30
In practical question illustration 3why we are not disclosing kumar loana/c in realization a/c and carryingforward to capital a/c
latest answer
We can do both ways either we can take in realisation a/c transfer realisation gain to partners capital a/c or we can take in partners capital a/c transfer that gain to realisation a/c. So to avoid confusion go with general treatment - record in realisation a/c only
satya nagulapalli
CA Inter
★ 150
2
372
Bills of exchange
Accountancy
answered on 11-Dec-21 17:02
Can anyone please give a brief examples of drawer and drawee in bills of exchange
latest answer
Your most welcome ð???
Anitha V K
CA Inter
★ 4K+
5
419
AS 22
Accountancy
answered on 11-Dec-21 00:14
How current tax 20000 came?
latest answer
FY 2021 loss adjusted against future years and current tax computed on profit in excess of loss
Ashwathi selvanathan
CA Inter
★ 2K+
1
340
Banking companies
Accountancy
answered on 11-Dec-21 04:43
Percentages for SLR and CRR for current year
latest answer
CRR 4% SLR 18%
Kedhar Nath
CA Final
★ 24K+
1
308
Banking companies
Accountancy
answered on 13-Dec-21 16:12
provisions to be created What are the percentages
latest answer
Pls refer videos / ICAI SM
Kedhar Nath
CA Final
★ 24K+
1
320
Npo
Accountancy
answered on 11-Dec-21 11:50
In this sum can we assume that interest on investment has been received but not recorded in receipt & payment account? Otherwise can we assume that it has been due and it has been recorded in our assets?
latest answer
Interest on Investment they received or not,no exact information is given so that is receivable Interst on Investment receivable Dr. 1350 To Interest on Investment. 1350 (Beeing amount due for the current year recorded) Interest on Investment receivable is asset show it in asset side and interest on Investment is Income show in Credit side of income and expenditure account....
Sumita Shah
CA Inter
★ 2K+
3
364
As 20
Accountancy
answered on 10-Dec-21 15:07
Sir, Why in this sum weighted average no of shares are not calculated?
latest answer
OK sir thank you!
Miradevi S
CA Final
★ 16K+
4
348
AS 20
Accountancy
answered on 10-Dec-21 13:21
In below attached ques shouldn't be 10/12
latest answer
Thank you sir!
Miradevi S
CA Final
★ 16K+
4
326
GENERAL
Accountancy
answered on 10-Dec-21 13:49
what is reserve capital and capital reserve.................... and what is the difference between both of them in Layman's language can any one pls
latest answer
capital reserve is the reserve which is kept by the firm for future uncertenties wheras reseve capital is subscribed uncalled sheres.it not seperatly kept by firms it is not mandatory .
Bala Chandar
CA Final
★ 5K+
2
387
AS11 Effect of changes in foreign exchange rates
Accountancy
answered on 13-Dec-21 16:37
What is the reason for change in the method of applying the rates for Integral and Non integral Eg in the case of Integral operation; Monetary item(MI) - closing rate, Non monetary item(NMI) transaction rate(cost) in the case of Non-integral operation: MI and NMI- both are at closing rate
latest answer
It is because of the nature of operations. Integral operations are considered as part of the reporting enterprise itself, so asset etc. are taken at rates at which which they were purchased as if the had been purchased by reporting enterprise itself. Non-integral operations represent investment in an enterprise which is reflected at closing rate to indicate reporting enterpriseâ??s net investment in that operation.
Life Easy
CA Inter
★ 8K+
1
299