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Balance sheet
Accountancy
answered on 31-Jan-22 10:05
Sir insurance
latest answer
Discussed here - https://1fin.page.link/HcTfEAZsJwtWes6X8
Black Love
CA Foundation
★ 0
1
454
Treatment of Abnormal Inventory
Accountancy
answered on 31-Jan-22 09:52
In the two sums attached below from ICAI material they have used 2 different ways to adjust abnormal inventories..Is there any logic behind the difference or do both of these can be applied and give out the same closing inventory value? Thank you!
latest answer
Both can give same closing inventory value, can apply either of it. Gross Profit figures will be however different.
Abishek M
CA Final
★ 11K+
1
628
Final accounts
Accountancy
answered on 31-Jan-22 10:37
Final accounts
latest answer
Ok thank you so much
Hansika Mahadev
CA Inter
★ 150
4
513
Bank Reconciliation Statement
Accountancy
answered on 27-Jan-22 10:37
Can u explain BRS ?
latest answer
Feel free to check out our detailed YouTube video on same. https://youtu.be/fFSVqf4DisY
Anu Vorsu
CA Foundation
★ 0
2
454
Bank Reconcilation
Accountancy
answered on 27-Jan-22 10:34
A quarry only What is adjusted cash book
latest answer
Cash book which adjusts all the errors (in correct entries in cash book) and omissions (bank or interest charges directy charged by bank, dishonoured cheque which was not shown in cash book, direct / receipt or payment by bank). Basically BRS in such situations will only show timing differeneces and the effect of errors in pass book.
Jaswant Vyas
CA Foundation
★ 325
1
429
Queries regarding AS 3
Accountancy
answered on 25-Jan-22 12:43
So here by i want to clarify my doubt regarding study of AS-3 Because in study mat they have provided AS-3 twice i.e., one in overview of Accounting Standards and other in chapter 4 unit 2 but the lecture is load of 7hrs. Whether we should learn AS-3 now or read during Chapter 4(preparation of financial statements)
latest answer
Do it along with financial statements
Sugam SM
CA Final
★ 9K+
2
482
Depreciation
Accountancy
answered on 25-Jan-22 12:43
Pls find below a statement which I've marked in the image wherein it is stated that depreciation of an asset could be included in carrying amt of another asset. How is it? Explain
latest answer
Ok sir. Thank you
Sibi Srinivasan
CA Final
★ 22K+
2
435
Interest/Rebate calculation
Accountancy
answered on 27-Jan-22 00:35
Should we calculate interest/rebate of a bill with respect to it's "expiry/due date" or "date of maturity of bill"?As we know date of maturity of bill includes Grace days.Thank you
latest answer
I think soo
Abishek M
CA Final
★ 11K+
3
589
Average due date
Accountancy
answered on 25-Jan-22 15:14
How to compute interest and find due date
latest answer
When you doing ADD u should careful with date.... ARE V... important
Jaswant Vyas
CA Foundation
★ 325
6
685
Pl ac
Accountancy
answered on 24-Jan-22 15:29
Is dividend paid part 9f pl ac
latest answer
No
PANTH PANCHOLI
CA Inter
★ 4K+
1
441