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Doubt in partnership unit 1

Accountancy

answered on 03-Nov-21 06:54

In preparation of partnership accounts especially profit and loss appropriation account... When they give *DURING THE YEAR DRAWINGS ARE WITHDRAWN* In page 8.10 illustration 3 they said assuming drawings are taken on last day hence no interest is collected But in page 8.16 illustration 6 they took in the solution interest on drawings for six months So what is correct assumption

latest answer

thank u

Harshitha Kalidindi

Harshitha Kalidindi

CA Final

51K+

2

498

Accounts

Accountancy

answered on 02-Nov-21 14:02

Can I get some sums to workout on admission of new partner in partnership accouns

latest answer

Yes sis It is available in the free resources of Indigo learn you can check it

57. Thumithra S

57. Thumithra S

CA Foundation

5K+

1

481

DISSOLUTION

Accountancy

answered on 03-Nov-21 23:10

In which ratio Insolvent partners deficiency should be transferred? 1) Closing Capital after all adjustments OR 2) Capital before dissolution but after correcting errors

latest answer

Why are you replying to questions that are already answered? Is it for points?

Lalit Sanpal

Lalit Sanpal

CA Final

6K+

2

413

ESOP

Accountancy

answered on 06-Nov-21 09:26

Why the employee stock option expense of year 2 and 3 are divided to find cost to be recognised?

latest answer

They are not divided, it's just they are trying to find out what will be the total compensation expense. That table is not of much value, you may multiply no. of options 5,60,437 found in abve table directly with Rs. 7

Christeena Ambel

Christeena Ambel

CA Inter

5K+

1

398

AS 22

Accountancy

answered on 01-Nov-21 14:29

Why DTL is not reversed in 3rd year.. What is the treatment of the DTL that is left (â?¹70000)

latest answer

Balance 0 means reversed fully.

Christeena Ambel

Christeena Ambel

CA Inter

5K+

1

478

AS 22

Accountancy

answered on 01-Nov-21 16:14

If i create DTA for one expense can i reverse it for another expense? Say, if i created DTA for depreciation expense, then can i reverse this DTA for interest expense

latest answer

Okay sir.. Thankuu

Christeena Ambel

Christeena Ambel

CA Inter

5K+

2

460

Profit or loss pre and post incorporation

Accountancy

answered on 31-Oct-21 21:47

Sir, I did not understand the ratio in which carriage inwards is bifurcated How 1:7 ?

latest answer

Thank you

Bliss Full

Bliss Full

CA Inter

580

3

831

AS 22

Accountancy

answered on 06-Nov-21 11:47

How unamortised preliminary expense as per tax records is DTA? Tax decreases because of it na?

latest answer

Suggest you to once re-visit the AS and concept. In case doubt remain after watching this, then you can get back. https://youtu.be/WMJWDyKp3X0

Christeena Ambel

Christeena Ambel

CA Inter

5K+

16

983

Ca foundation

Accountancy

answered on 02-Nov-21 17:37

Why did ICAI stop publishing Ca foundation ranks ?

latest answer

I don't know

Sushanth

Sushanth

CA Foundation

3K+

1

454

Advance Accounting Standards Notes not available

Accountancy

answered on 31-Oct-21 14:15

I am unable to find notes for advance accounts accounting standards , only problems with solution is available..

latest answer

Added. Pls check under free resources.

Afshan Fathima

Afshan Fathima

CA Final

5

3

431