Forums
Non profit organization
Accountancy
answered on 06-Dec-21 11:37
Illustration 8; in balance sheet library books ,book added ,furniture addition to furniture how to calculate
latest answer
Assumed for half year since dates of addition not available
Raashi 14
CMA Inter
★ 330
3
546
AS11
Accountancy
answered on 03-Dec-21 16:47
Answer plz.
latest answer
Thank u sir
Sajeetha R
CA Final
★ 46K+
2
585
Investment accounts July 2021
Accountancy
answered on 04-Dec-21 20:12
Investment 1: 8% Corporate Bond It is purchased on 1.6.21 and paid INR.48000 ans cum interest. On 30 September 2020 got interest on the same 36000*8/100*6/12 comes to 144000. Can I use the amount of interest paid on acquisition and received afterwards for reducing my cost of acquisition. And the balance 96000 rupees to Profit and loss account. Sir please tell me the logic. Is this working is only for As.13 or can I use this on doing investment chapter problems also
latest answer
Yes
Gayathri K V
CA Inter
★ 13K+
4
500
Redemption of preference shares
Accountancy
answered on 06-Dec-21 11:33
Sir, Please explain the 2nd entry We are redeeming 18000 12% pref shares which are already fully paid up Then in second entry while paying 18000 pref shares why did they deduct 100 shares Which is related to 4000 10% pref shares which are partly paid Why did they mix both?? Should these partly paid shares be called now??
latest answer
100 shares - payee details not available. Even 12% is 10 each
Bliss Full
CA Inter
★ 580
1
1K+
Bad debts recovered
Accountancy
answered on 03-Dec-21 15:10
In the question attached below, for the BAD DEBTS OF PREVIOUS YEAR RECOVERED, they have did 2 things(which I highlighted) 1-Added the amt.(bad debts recovered) as pre-incorporation income 2- Added that amt. to current year's bad debts and collectively they have been deducted on sales ratio. Here, why they have done the thing which I have mentioned in point 2. I could understand the logic of point 1 but I couldn't understand the point 2. Can you please explain in detail.
latest answer
No.... Dec 21..... ie, next week exam
ALDRIN G
CA Inter
★ 12K+
13
651
ESOP Q3 ICAI Module New Syllabus
Accountancy
answered on 06-Dec-21 11:39
Why the ESOP Outstanding account is not used even when the vesting period is more than one year?
latest answer
Ok Thank you sir.
Rahul Chandramouli
CA Final
★ 600
2
653
Double column cash book
Accountancy
answered on 03-Dec-21 06:53
There is only 2 contra entries. Is it needed to record in a double or single column cash book
latest answer
Thanks
GOKUL KRISHNA A G
CA Inter
★ 0
2
488
Departmental accounts please help
Accountancy
answered on 03-Dec-21 09:52
Can anybody please tell me "why do we transfer mark on inter departmental sales to markup account & don't transfer markup on sales?" Why actually markup account is prepared
latest answer
Markup is gross profit as a percentage of sales added to transfer price. When inter-department transfers are based on market price, the sale proceeds of the department are credited in Memorandum Departmental Stock account and amount of â??Mark upâ?? is credited to the Departmental Mark up Account such that only the cost of the product is identified as closing stock needs to valued at stock in financial statements
Rocky Girl .:.
CA Inter
★ 195
1
523
Partnership please reply anyone
Accountancy
answered on 03-Dec-21 14:46
What will be the share of profit for only P he died on 30/sep/2020 books will be closed on 31st of Dec every year
latest answer
Ohh ok bru thank you
Dhakshana Dhakshana
CFA L2
★ 18K+
10
531
Admit card
Accountancy
answered on 01-Dec-21 20:40
Sir, how many pages print from admit card in ca foundation.?? Dec.21
latest answer
Thank you bro
NakulRaj Singh
CA Foundation
★ 915
4
506