Forums
Loss of profit
Accountancy
answered on 04-Dec-21 08:41
In this question they have taken un insured standing charges as 130000....and given in note that it was given in question. Could you please tell how did they found in insured standing charges
latest answer
Ok fine...thank you
Star Ca
CA Inter
★ 3K+
4
371
Bank Reconciliation Statement
Accountancy
answered on 08-Dec-21 22:48
Respected All , Kindly help me in this question ( PYP May 2018) I have prepared it with Adjusted Cash book but my answer is different from the answer given in ICAI. Please check my mistake ..
latest answer
Yes, thank you..! I will share my views of upcoming papers after the exams ,with you..
Mehak Kaur
CA Inter
★ 10K+
14
707
Investment account
Accountancy
answered on 06-Dec-21 11:30
What if the market price was 150/- instead of 180/- ? Should 5.59 be transfered to p&l from investment account?
latest answer
You will keep the difference in a separate account which will be considered in P&L at the end of year.
Rocky Girl .:.
CA Inter
★ 195
5
378
Company accounts
Accountancy
answered on 04-Dec-21 00:35
Reissue of forfeited shares is not an allotment of share but only sale..what is mean by this I didn't get it
latest answer
Forfeited shares are those shares which are ceased by the company for non payment of remaining called up shares...(that is allotment, first call .....) So this shares can't ask for allotment money because they are already called up Hence, this shares are only transfered through sale.. Hope you understand...
Dhakshana Dhakshana
CFA L2
★ 18K+
3
381
Investment
Accountancy
answered on 04-Dec-21 11:29
As per old practice manual there is method FIFO and lifo but in new book problem is not available can this is removed or not
latest answer
Investment or Inventory?
tushar kumar
CA Inter
★ 5K+
1
341
Non profit organization
Accountancy
answered on 06-Dec-21 11:37
Illustration 8; in balance sheet library books ,book added ,furniture addition to furniture how to calculate
latest answer
Assumed for half year since dates of addition not available
Raashi 14
CMA Inter
★ 330
3
403
AS11
Accountancy
answered on 03-Dec-21 16:47
Answer plz.
latest answer
Thank u sir
Sajeetha R
CA Final
★ 46K+
2
364
Investment accounts July 2021
Accountancy
answered on 04-Dec-21 20:12
Investment 1: 8% Corporate Bond It is purchased on 1.6.21 and paid INR.48000 ans cum interest. On 30 September 2020 got interest on the same 36000*8/100*6/12 comes to 144000. Can I use the amount of interest paid on acquisition and received afterwards for reducing my cost of acquisition. And the balance 96000 rupees to Profit and loss account. Sir please tell me the logic. Is this working is only for As.13 or can I use this on doing investment chapter problems also
latest answer
Yes
Gayathri K V
CA Inter
★ 13K+
4
362
Redemption of preference shares
Accountancy
answered on 06-Dec-21 11:33
Sir, Please explain the 2nd entry We are redeeming 18000 12% pref shares which are already fully paid up Then in second entry while paying 18000 pref shares why did they deduct 100 shares Which is related to 4000 10% pref shares which are partly paid Why did they mix both?? Should these partly paid shares be called now??
latest answer
100 shares - payee details not available. Even 12% is 10 each
Bliss Full
CA Inter
★ 580
1
667
Bad debts recovered
Accountancy
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
452