Forums
Consignment
Accountancy
answered on 12-Dec-21 15:02
Sir when the goods are sent on "to pay" then should we treat them as consignors expense or consignee's expense??
latest answer
That's because even if the consignee pays freight , the expense is related to consignor. So it is like consignee paying expense on behalf of consignor. So as it is consignor's expense, we add it ( to-pay freight ) in transit.
Soumya A
CA Inter
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4
521
NBFC
Accountancy
answered on 13-Dec-21 16:10
Sir, Percentage of provision is same as thought in lectures right for banking and nbfc? No changes for dec 2021? I can follow the percentages given in your videos sir?
latest answer
Yes however, pls note once that As per Non-Banking Financial Company â?? Non-Systemically Important Non- Deposit taking Company (Reserve Bank) Directions, 2016, every NBFC shall make provision for standard assets at 0.25 percent of the outstanding amount
Ashwathi selvanathan
CA Inter
★ 2K+
1
477
internal reconstruction
Accountancy
answered on 11-Dec-21 22:38
Illustration 8 Why trade payables entry is done for 72000 instead of 36k?
latest answer
Trade payables are settled with shares from shares surrendered a/c . Here we should not credit or debit any account to shares surrendered account. So 1st we are sending whole amount of trade payables to reconstruction a/c to close trade payables a/c and then pass entry for issue of shares from shares surrendered account
Ashwathi selvanathan
CA Inter
★ 2K+
1
513
Journal ( Goods distributed as free sample )
Accountancy
answered on 11-Dec-21 22:55
Is it right ? ( image attached ) Or is it right - ADVERTISEMENT A/C............DR. 2000 TO , GOODS DISTRIBUTED AS FREE SAMPLE A/C. 2000
latest answer
So we use purchases a/c as we provide free samples from our purchases
Varun Mulay
CA Final
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2
882
Company accounts
Accountancy
answered on 11-Dec-21 22:57
If question says " Company Issued 10000 of equity shares " It is mandatory to write "Equity share application" Or only "Share application" is sufficient
latest answer
If nothing is specified we usually consider it as 'Equity share capital' but sometimes they'd particularly mention 'preference share capital' in that case we would take as per the question
Gopal Garg
CFA L1
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3
524
Partnership accounts
Accountancy
answered on 12-Dec-21 14:30
In practical question illustration 3why we are not disclosing kumar loana/c in realization a/c and carryingforward to capital a/c
latest answer
We can do both ways either we can take in realisation a/c transfer realisation gain to partners capital a/c or we can take in partners capital a/c transfer that gain to realisation a/c. So to avoid confusion go with general treatment - record in realisation a/c only
satya nagulapalli
CA Inter
★ 150
2
505
Bills of exchange
Accountancy
answered on 11-Dec-21 17:02
Can anyone please give a brief examples of drawer and drawee in bills of exchange
latest answer
Your most welcome ð???
Anitha V K
CA Inter
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5
548
AS 22
Accountancy
answered on 11-Dec-21 00:14
How current tax 20000 came?
latest answer
FY 2021 loss adjusted against future years and current tax computed on profit in excess of loss
Ashwathi selvanathan
CA Inter
★ 2K+
1
521
Banking companies
Accountancy
answered on 11-Dec-21 04:43
Percentages for SLR and CRR for current year
latest answer
CRR 4% SLR 18%
Kedhar Nath
CA Final
★ 24K+
1
460
Banking companies
Accountancy
answered on 13-Dec-21 16:12
provisions to be created What are the percentages
latest answer
Pls refer videos / ICAI SM
Kedhar Nath
CA Final
★ 24K+
1
481