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Inventory
Accountancy
answered on 08-Dec-21 18:58
Q1 plz share the answers
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We have to find stock as on 31.3.21 but they did actual stock taking on April 9.So we will deduct purchases and add cost of goods sold. Value of purchases made as per purchase day book is 1200 out of this 1200, goods worth 500 is not yet received till April 9. So at the time of physical stock taking on April 9 these 500 will not be counted because you don't have the possession of these goods. Now when you come to purchases we record purchases at the time of receiving invoice. So the purchases will include goods worth 500 as they are purchased but not received. So you don't have to deduct the goods worth rs 500 from stock as on April 9 as this value donot include the goods worth 500. But you have to deduct the goods worth rs 500 from purchase made
Gopal Garg
CFA L1
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3
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Capacity to contract
Accountancy
answered on 08-Dec-21 10:26
How can a person study M.com being minor ð???
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If Question is saying he is minor so you should consider according to que
Sugam SM
CA Final
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7
550
Depriciation
Accountancy
answered on 13-Dec-21 14:42
Answer it fast
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Which part is confusing you?
Kashish Khandelwal
CA Foundation
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3
467
Death of a partner
Accountancy
answered on 08-Dec-21 14:59
Partnership
latest answer
On 3 lakhs
Kashish Khandelwal
CA Foundation
★ 3K+
2
584
Balance Sheet
Accountancy
answered on 07-Dec-21 19:09
If a person is doing Business: Business Balance Sheet & Personal Balance Sheet, both will be done?? Please reply
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It depends on the person. Can prepare both or just a combined.
Veera V
CA Final
★ 0
1
523
Internal reconstruction
Accountancy
answered on 07-Dec-21 16:50
Sir this is illustration 3 of internal reconstruction. Bal. In capital reduction account is to be transferred to capital reserve right! But why is it transferred here to p/l alc and why isn't the new balance sheet not showing reserves and surplus
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Oh okay sir.. I got it ... Thank you very much!
krishna prasanthi
CA Final
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2
1K+
Final accounts
Accountancy
answered on 07-Dec-21 09:26
We are required to prepare from manufacturing accounts, trading&p/l and balance sheet My doubt is where will wages go trading or manufacturing ac in answer they put wages in manufacturing account...why can't trading account?? Please explain
latest answer
For manufacturing entities it would go to manufacturing. As it is for production of goods
Dhakshana Dhakshana
CFA L2
★ 18K+
1
469
Final accounts please reply
Accountancy
answered on 06-Dec-21 22:10
In adjustment Rent paid 4k What is the treatment in Final account...I know to dr rent in p&L...should I reduce bank or cash balance
latest answer
If paid reduce cash or bank. Else show as payables
Dhakshana Dhakshana
CFA L2
★ 18K+
1
564
Amalgamation
Accountancy
answered on 06-Dec-21 21:11
Is this amalgamation is in the nature of merger or nature of purchase?
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:)
Sai Geethika
CA Inter
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15
529
Ca inter accounting
Accountancy
answered on 07-Dec-21 21:02
Can someone help me to slove this by giving working
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Ans
Reddy S
CA Inter
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5
533