Accounting

answered on 17-Oct-21 01:24

Please prepare bank account for this one

latest answer

So Balance 50000 (credit side)

Dhakshana Dhakshana

CFA L2

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353

Doubt

answered on 20-Oct-21 13:22

Share capital as on 31.3.2011 will be same as on 1.4.2010 for all sums so that we calculate the no of shares as on date of acq (or) the share capital provided to us before the date of acq

latest answer

OK mam thank you

Miradevi S

CA Final

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10

410

Suggested answers

answered on 15-Oct-21 19:18

Where can i get answers for july 21 paper.

latest answer

Coming soon on ICAI website

Tanmay Gupta

CA Inter

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2

404

Basics

answered on 18-Oct-21 10:20

What is provision and contingent liability and what is the major difference between both & understanding example pls

latest answer

Refer to notes please

Balachandar S

CA Inter

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4

401

Doubt

answered on 16-Oct-21 15:11

In below attached ques it is 80 %of value of work done is certified or value of work done ie totally certified in that we have to calculate 80 %

latest answer

OK sir thank you

Miradevi S

CA Final

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2

370

BRS

answered on 15-Oct-21 07:30

BRS A debit of Rs.11,00,000 appeared in the back statement for an "unpaid cheque" which, had been returned marked "out of date". The cheque had been re-dated by the customer and paid into bank again on 5th July 2019

latest answer

As on 30th june the cheque has been deposited but not credited by bank

Pramod Rajpurohit

CA Inter

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1

335

Provision for discount

answered on 15-Oct-21 11:19

Provision for discount is made after deducting PBDD or before If provision for discount is 5% Create on debtors - PBDD * 5% or else Please clarify

latest answer

First reduce bad debts then make a provision for discount.

Manu Sharma

CMA Inter

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1

342

Banking companies

answered on 21-Oct-21 14:39

Are preference shares compulsorily convertible into equity shares included in tier 1 capital in banking companies? Are non cumulative preference shares included in owned funds of NBFC?

latest answer

Thank you so much:-)

Christeena Ambel

CA Inter

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5

349

Partnership

answered on 14-Oct-21 10:09

What is the difference between conversion and sale of firm to company. The entries are same in all sums

latest answer

conversion - existing partnership converted sale - the firm is sold to an existing company There would not be much of a difference from accounting perspective.

venkatesh sundharamoorthy

CA Final

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1

310

Nbfc & banking companies

answered on 14-Oct-21 15:25

If i have taken loan of â?¹ 10 lakh.. And the interest on this amount â?¹1 lakh is due since last 3 years.. Then what amount is considered as NPA? Is it 1 lakh only or the entire 11 lakh

latest answer

Thank you so muchð???

Christeena Ambel

CA Inter

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2

337