powered by logo

Forums

Please I need only forfeiture entry for 6(a)

Accountancy

answered on 03-Dec-21 23:52

Help me

latest answer

Thank u its correct

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

7

437

AS 22

Accountancy

answered on 01-Dec-21 21:42

Why is there no timing difference in the third year?

latest answer

Thank you sir !

krishna prasanthi

krishna prasanthi

CA Final

13K+

2

404

Company accounts please reply sirr

Accountancy

answered on 01-Dec-21 11:02

If there is any call in advance or arrear In a question and the question is silent as to interest on arrear,advance then should I charge interest?

latest answer

Interest is to be charged

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

1

451

Company Account

Accountancy

answered on 05-Dec-21 11:35

Is calls in Arrear an Asset?I think it's an asset because it's an income which is earned but not received hence its an asset if not please tell me what it is and also the reason

latest answer

share capital receipts are not an income / revenue Calls in arrears account have a debit balance, this is due to the fact that calls in arrears are an asset for the company as they are receivable

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

4

488

Partnership accounts

Accountancy

answered on 30-Nov-21 20:29

Sir can you tell me the probability of getting a question from partnership accounts and sale of partnership accounts for dec attempt

latest answer

From May'18 and onwards Icai is asking questions from partnership on alternative basis.Keeping other things unchanged, there is high probability you'll see question from Unit 1 on Dissolution. The above statement is subject to sans recourse.

satya nagulapalli

satya nagulapalli

CA Inter

150

3

498

Partnership sir please reply

Accountancy

answered on 04-Dec-21 13:55

In 2 point Malik is interested in goodwill only upto 48K means please explain sir

latest answer

good valuation restricted to 42000

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

2

392

Partnership please reply anyone

Accountancy

answered on 04-Dec-21 13:04

In (2) what does they mean by other assets and liability remained the same

latest answer

Assets other than Inventory, Debtors, investments, computers adn buildings are valued at old values

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

5

356

Please explain the underlying points

Accountancy

answered on 30-Nov-21 12:40

In point (c) already 2% provision is made Again they asked to increase it to 6% please help me with proper explanation

latest answer

In question they asked to increase to 6% not by any law or something. That's why you have to made provision for 6% from 2 %

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

2

455

As 29

Accountancy

answered on 30-Nov-21 12:20

Please someone explain the 3rd point Especially explain the term "remote".

latest answer

Remote meaning less likely to happen

Balaji R

Balaji R

CA Final

20K+

1

402

Goodwill help me

Accountancy

answered on 30-Nov-21 06:33

In partnership treatment of Goodwill inside the balancesheet in partners capital account

latest answer

Thanks bro

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

9

441