Forums
Insurance claim
Accountancy
answered on 03-Dec-21 09:09
In closing stock how to calculate abnormal , gross loss
latest answer
Total abnormal item cost = 137700 (i) Cost of items sold out of the above = 55,080 (A) Less : Loss on sale given in question = 11,080 (B) Sale value of abnormal stock = (A)-(B))= 44,000 (ii) Items left as stock in abnormal item [(i)-(ii)] = 82,620
Raashi 14
CMA Inter
★ 330
1
438
Cash reserves ratio
Accountancy
answered on 30-Nov-21 13:51
Which percentage is required to be maintained by banks for cash reserve ratio for dec 2021
latest answer
Yeah it's 4% I found it
Agrawal Chirag
CA Inter
★ 2K+
4
523
Manufacturing account
Accountancy
answered on 28-Nov-21 18:01
Is frieght inward include in direct expense? If no then why?
latest answer
We should include FREIGHT INWARD but Not FREIGHT OUTWARD Bcz freight outward is not related to MNFG, and treated as indirect exp, simple all inwards are relating to mnfg as direct expense, all outwards are indirect expense and shown in debit side P&L a/c
Sumita Shah
CA Inter
★ 2K+
2
458
Advanced Accounting - Amalgamation
Accountancy
answered on 29-Nov-21 21:35
In purchase method, the purchase consideration should be matched with Net Assets (Total assets - outsider liabilities). If we pay more than net assets then the excess amount will be transferred to goodwill, if we pay less than net assets then the difference amount will be credited to Capital Reserve. In Merger method, how should we deal with purchase consideration ? How to adjust reserves and surplus? Please clear my doubt with the help of illustration 9 of Amalgamation Pg. no 203
latest answer
Hello geethika can you please help me with partnership question that i posted recently
Pardhu surendra
CA Final
★ 5
13
1K+
Liquidation of companies
Accountancy
answered on 28-Nov-21 10:56
Anyone tell me Why taxes paid is 26000 Bcz I donâ??t know how that was raised with 12months
latest answer
Assessment cannot be concluded before the assessment year itself!
Pradeep Ravikumar
CA Final
★ 1K+
4
526
Insurance claim
Accountancy
answered on 28-Nov-21 18:59
In 3rd sum How to calculate amount of claim
latest answer
Your welcome
Raashi 14
CMA Inter
★ 330
3
500
Cash flow statement - indirect method
Accountancy
answered on 26-Nov-21 14:15
For example, if the company X Ltd. Sells and buys the land and property in the ordinary course of business. For that company, do we need to subtract profit on sale of land and property from profit before tax? Or Do we need to add loss on sale of land and property to profit before tax? While preparing cash flow from operating activities
latest answer
It is inventory in such a case and no adjustment is needed in operating activity
Sai Eswar Kolli
CA Final
★ 30K+
1
490
Branch accounts
Accountancy
answered on 26-Nov-21 14:23
How to account "Scrap value realised in case of Normal loss" in stock & debtors system?
latest answer
IS this query in reference to branch accounts?
Girinath A
CA Inter
★ 765
1
543
Schedule 3 format
Accountancy
answered on 26-Nov-21 14:24
Sir give some tips to present Speedly and effectiently the financial statement as per schedule 3 format Sholud i start to present p&l , balance sheet , notes to accounts at a time or present separately. Which one is efficient to do to save time ?
latest answer
Try simultaneously, it saves time but should be careful in not missing out entry in either of the statements.
Balaji R
CA Final
★ 20K+
2
547
Investment
Accountancy
answered on 25-Nov-21 11:32
why for interim dividend bonus & right shares also calculated for dividend but not for final dividend pls explain sir /mam
latest answer
It depends on info given in question
Chandramouli A
CA Inter
★ 720
1
449