NPO

answered on 06-Nov-21 10:03

There is a difference of Rs.100 in both Surplus and Balance Sheet. Surplus = 34400 and Balance Sheet = 86900 . Is my answer wrong or Printing mistake ? Please Help Sir

latest answer

You should put a note that furniture is considered to be bought at the starting of the year. Looks like, they have taken half year depreciation and hence, the difference of Rs. 100

Aditya Birla

CBSE XI

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5

404

Consignment

answered on 04-Nov-21 06:28

Pls explain the question.

latest answer

Thank you so much

Sibi Srinivasan

CA Final

★ 22K+

2

369

Accounting standards

answered on 09-Nov-21 14:44

1. Why is short term investment in liquid equity shares not considered as cash equivalents? 2.Treatment of these items in Cash flow statement with explanation:- a) Tds on interest income earned on investment made b) Tds on interest earned on advance given to suppliers Kindly help me to solve these doubts

latest answer

Its a cash flow. Like mentioned earlier, two approaches can be taken if taken as operating cash flow there wont be any adjustment to be made further But if it is categorised as investment or financing activity then adjust net profit and show it under the respective head.

Pushkala S

CA Final

★ 3K+

7

759

Redemption of preference shares ( crr requirement)

answered on 09-Nov-21 14:43

Sir, in this example we have have to issue 2500 ( face value of rs 10 and premium of rs 10) shares for crr requirement but we have a shortfall of 5000 fund so we issue 2750 shares ( face value of rs 10 and premium of rs 10). Can we issue 2500 shares ( ( face value of rs 10 and premium of rs 12) sir my doubt is instead of increasing number of shares for fund requirement can we just increase premium of rs 2 since crr requirement is already satisfied? Video no. 8 of redemption of preference shares chapter

latest answer

Thank you sir

Balamurugan V

CA Final

★ 52K+

2

313

NPO

answered on 03-Nov-21 18:31

What will be the treatment of Additional Information (1) and please prepare Income Expenditure Account.

latest answer

Good.

Aditya Birla

CBSE XI

★ 4K+

11

356

Banking co

answered on 03-Nov-21 19:39

OD balance is net off against current account balance means what?

latest answer

Thank u :)

Miradevi S

CA Final

★ 14K+

10

457

Doubt in partnership unit 1

answered on 03-Nov-21 06:54

In preparation of partnership accounts especially profit and loss appropriation account... When they give *DURING THE YEAR DRAWINGS ARE WITHDRAWN* In page 8.10 illustration 3 they said assuming drawings are taken on last day hence no interest is collected But in page 8.16 illustration 6 they took in the solution interest on drawings for six months So what is correct assumption

latest answer

thank u

Harshitha Kalidindi

CA Final

★ 45K+

2

345

Accounts

answered on 02-Nov-21 14:02

Can I get some sums to workout on admission of new partner in partnership accouns

latest answer

Yes sis It is available in the free resources of Indigo learn you can check it

57. Thumithra S

CA Foundation

★ 5K+

1

365

DISSOLUTION

answered on 03-Nov-21 23:10

In which ratio Insolvent partners deficiency should be transferred? 1) Closing Capital after all adjustments OR 2) Capital before dissolution but after correcting errors

latest answer

Why are you replying to questions that are already answered? Is it for points?

Lalit Sanpal

CA Final

★ 6K+

2

317

ESOP

answered on 06-Nov-21 09:26

Why the employee stock option expense of year 2 and 3 are divided to find cost to be recognised?

latest answer

They are not divided, it's just they are trying to find out what will be the total compensation expense. That table is not of much value, you may multiply no. of options 5,60,437 found in abve table directly with Rs. 7

Christeena Ambel

CA Inter

★ 5K+

1

316