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Mcq??
Accountancy
answered on 17-Feb-22 12:32
What is the ans for 4th Q. .......which was given in below image..... And tell me the logic also pls...anyone.......
latest answer
Answer is conservatism i.e., we should not anticipate any future income however we should provide for all possible losses. 'Cost or market price whichever is lowerâ?? originated from this concept.
Balachandar S
CA Inter
★ 59K+
4
716
partnership - highest relative capital method
Accountancy
answered on 18-Feb-22 16:43
if we have the partner's capital and the current account how do we proceed with the sum? do we take the capital to start the working or do we use the current account for the method
latest answer
You would arrive at closing balance after transferring the current account balance to the capital account.
Isabel Kingston
CA Inter
★ 5K+
1
735
Amalgamation of companies
Accountancy
answered on 16-Feb-22 12:11
How to treat Discount on issue of Debentures ? On which head it should come in Schedule 3 of Balance Sheet ?
latest answer
In notes to accounts under the same head where Debentures are shown. Long term borrowings / Short term borrowings
VIGNESH M
CA Inter
★ 950
3
472
Concept of accounting....
Accountancy
answered on 28-Mar-22 09:28
What is realisation concept in layman's. can anyone's tell me with an any understandable example also for this.....pls anyone..tell....................
latest answer
According to the realization principle, revenues are not recognized unless they are realized. The point at which revenues are realized is circumstantial. For example, revenue is realized when goods are delivered to customers, not when the contract is signed to deliver the goods.
Balachandar S
CA Inter
★ 59K+
3
536
Doubt in BRS
Accountancy
answered on 13-Feb-22 19:08
Cheques issued but not presented to bank Overdraft As per Cash book - Favourable As per pass book - Overdraft As per Cash book + Favourable As per pass book + My question When we add amount to overdraft Can overdraft amount can reduce ? I am right or wrong
latest answer
It's like favorable cash book and unfavorable pass book have same treatment and vice versa
Rishi Kumar
CA Inter
★ 6K+
4
780
Redemption of Preference share
Accountancy
answered on 12-Feb-22 21:56
3 image .. circle portion .... How this number came ....
latest answer
Tw
Kruthika Ramesh
CA Inter
★ 650
2
444
Sale or return basis
Accountancy
answered on 12-Feb-22 11:54
What is the ans for 4 th Q in below image...... And what is the logic pls tell me anyone ......... Tq... ..
latest answer
Ok sir..
Balachandar S
CA Inter
★ 59K+
8
498
Account current
Accountancy
answered on 10-Feb-22 18:59
What is red ink interest ? If question doesn't provide when our books of account close then what we should in case of account current?
latest answer
Pls share full question.
Jaswant Vyas
CA Foundation
★ 325
3
504
Liquidation of companies
Accountancy
answered on 10-Feb-22 10:54
Can anyone clarify is preferential creditors is a secured or unsecured creditors
latest answer
Thanks for the clarification mam
Harsha vardhan S
CA Final
★ 470
3
497
Interest on Partner's Loan - Partnership accounts
Accountancy
answered on 09-Feb-22 13:46
sir , interest on partners loan would be credited to partners loan a/c , why to capital a/c ???? It has been taught to us . Is it correct ?
latest answer
Interest on partners loan would be credited to partner's capital account. Butin case of seprate partners loan A/c. you should credited to that A/c.
Varun Mulay
CA Final
★ 39K+
1
540