Partnership Unit-1

answered on 12-Nov-21 11:39

Rent paid to partner is a charge against profit . That's why it is shown in p&l account but in illustration 9 of module it is shown in p&l appropration account.

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Question is rent paid to partner, not by a partner. And as mentioned abive, both views are possible.

Sakshi Rai

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Banking companies unit6 illustration no.4 of icai sm

answered on 09-Nov-21 23:10

Pls explain (c.) Point in other information of the question mentioned above

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ok tq

Bhavya Kumar

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Why Reserves are liability?

answered on 09-Nov-21 19:41

Why Reserves are liability?

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Reserve balance is cr

Ved Bishnoi

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MTP series-ll

answered on 09-Nov-21 14:16

Sir, please help me to find the chapter of this question. It is from MTP series-ll Dec 21.

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Ok Sir. Thank you

Gayathri K V

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Retifiaction of error

answered on 09-Nov-21 13:03

Icai material illustrations, practical problems cheppaledhuu sir

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We have included the Illustrations that are comprehensive. The others you should be able to practice after completing the module. For any doubts, you can always reach out here

Rupendra akash Parisa

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accounts easy study method

answered on 11-Nov-21 03:54

im from non commerce background can't understand accounts . what should i do now to increase concentration in accounts

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I am also from non commerce Background First understand concepts in each chapter thoroughly and then practice illustrations and practical problems which is given in material But understanding concepts will take some time because it is very new to every non commerce background students After understanding concepts it will be easy to solve problems

Jeevitha Dhamu

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Consignment

answered on 12-Nov-21 08:46

On 1.1.2015, Amar Mills of Calcutta consigned 5,000 Kg of oil to Vijay Stores of Madras. Each Kg of oil costs 8. Amar Mills paid 50 as carriage, 250 as freight and 200 as insurance. During transit, 500 Kg were accidentally destroyed for which the Insurance company paid directly to consignor 2,500 in full settlement of the claim. On 1.4.2015, Vijay Stores of Madras reported that 3,500 Kg of oil were sold @ 9.50 per Kg. and expenses being Godown rent 500 and salesman's salary 750. Vijay Stores is entitled to a 5% commission on sales. Vijay Stores also reported a loss of 20 Kg due to leakage. Show (i) Consignment to Madras Account; (ii) Vijay Stores Account (iii) Consignment Stock Account in the books of the consignor.

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What's your question in this

Sai Gayatri

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Branch Accounts

answered on 09-Nov-21 11:31

Please explain journal entries of question number 4 in page no 13.79 (Branch accounts practical sums)

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Please check pg 13.87. Which part didnt you understand

Naveen Kumar S

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Debtor

answered on 08-Nov-21 21:25

Ans and explanation for the 2nd true or false in the image pls.

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Thank you.

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SA 300

answered on 08-Nov-21 18:45

What is meaning of issues crop up

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The auditor should modify the audit plan as necessary if circumstances change significantly during the course of the audit.

Surya Prakash

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