Rectifications of errors

answered on 01-Oct-21 17:51

I can't understand this question Plz explain this question

latest answer

Good. Re-check your 3b entry and 4th entry 3b is not required. 4th It is sales Dr. not sales return And first entry is Purchase for resale A/c

Sejal Shivani

CA Foundation

★ 5K+

6

600

Partnership accounts

answered on 23-Sep-21 15:42

In the below given question they have written off the existing goodwill of Rs 30,000 but it is revalued to Rs 50,000 then they have not considered and accounted for the remaining 20000 goodwill then where will this 20000 go?

latest answer

Thank you so much ma'am

Soumya A

CA Inter

★ 20K+

4

422

Consignment account

answered on 23-Sep-21 13:29

Pls solve this question as soon as possible

latest answer

Rs 1 per unit

Ketan Goyal

CA Foundation

★ 140

10

400

AMALGAMATION OF COMPANIES

answered on 22-Sep-21 12:31

In amalgamation 44 TH vedio in capital reserve of 300000 that 10000 gets detucted is what wether it is unrealised profit

latest answer

Yes that is unrealised profit in stock

JAYANAND PALLIKKAD

CA Inter

★ 0

1

386

Company

answered on 22-Oct-21 23:06

How a company is differ from the sole proprietor?

latest answer

Ah sorry again ! It was right. It's unlimited liability company

Vijay K

CA Inter

★ 9K+

4

413

Partnership accounts

answered on 23-Sep-21 00:45

In the below attachment they have given wrong answer right? The answer had to be 7:5:3 Can anyone help me out with this

latest answer

It's 7:5:3. It's right

Soumya A

CA Inter

★ 20K+

7

402

Bank Reconciliation Statement

answered on 29-Sep-21 11:06

Prepare Bank Reconciliation Statement

latest answer

Yes but in the pass book we have passed carect entry In cash book wrong entry passed so we make wrong entry to write entry

Aditya Birla

CBSE XI

★ 4K+

9

508

Bank Reconciliation Statement

answered on 21-Sep-21 20:22

Prepare Bank Reconciliation Statement

latest answer

Solution

Aditya Birla

CBSE XI

★ 4K+

1

408

Branch Accounting

answered on 22-Sep-21 12:42

In trading p&l method , when goods are sent at invoice price Should we convert opening stk , closing stk , goods recd. from headoffice and those returned them back at cost OR Value everything invoice price only and DEBIT stock reserve of CLOSING STOCK in p&l ??

latest answer

Branch profit will be in the Trading account itself. So, it will be unrealised profit in the closing stock. Pls refer Illustration 5 on ICAI SM 13.29 for better understanding

Lalit Sanpal

CA Final

★ 6K+

3

433

Notes

answered on 28-Oct-21 13:18

Where is this question available in pdf notes??

latest answer

Please check, the pdf with additions has been uploaded.

Kalash Ojha

CA Inter

★ 465

3

371