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Doubt
Accountancy
answered on 16-Oct-21 15:11
In below attached ques it is 80 %of value of work done is certified or value of work done ie totally certified in that we have to calculate 80 %
latest answer
OK sir thank you
Miradevi S
CA Final
★ 16K+
2
419
BRS
Accountancy
answered on 15-Oct-21 07:30
BRS A debit of Rs.11,00,000 appeared in the back statement for an "unpaid cheque" which, had been returned marked "out of date". The cheque had been re-dated by the customer and paid into bank again on 5th July 2019
latest answer
As on 30th june the cheque has been deposited but not credited by bank
Pramod Rajpurohit
CA Inter
★ 0
1
455
Provision for discount
Accountancy
answered on 15-Oct-21 11:19
Provision for discount is made after deducting PBDD or before If provision for discount is 5% Create on debtors - PBDD * 5% or else Please clarify
latest answer
First reduce bad debts then make a provision for discount.
Manu Sharma
CMA Inter
★ 370
1
409
Banking companies
Accountancy
answered on 21-Oct-21 14:39
Are preference shares compulsorily convertible into equity shares included in tier 1 capital in banking companies? Are non cumulative preference shares included in owned funds of NBFC?
latest answer
Thank you so much:-)
Christeena Ambel
CA Inter
★ 5K+
5
419
Partnership
Accountancy
answered on 14-Oct-21 10:09
What is the difference between conversion and sale of firm to company. The entries are same in all sums
latest answer
conversion - existing partnership converted sale - the firm is sold to an existing company There would not be much of a difference from accounting perspective.
venkatesh sundharamoorthy
CA Final
★ 34K+
1
381
Nbfc & banking companies
Accountancy
answered on 14-Oct-21 15:25
If i have taken loan of â?¹ 10 lakh.. And the interest on this amount â?¹1 lakh is due since last 3 years.. Then what amount is considered as NPA? Is it 1 lakh only or the entire 11 lakh
latest answer
Thank you so muchð???
Christeena Ambel
CA Inter
★ 5K+
2
409
GRP- 2 liquidation
Accountancy
answered on 15-Oct-21 11:48
3rd provisiom in statement of affairs vs sol. In problem
latest answer
Ok sir,thanks
Logesh Warran
CA Final
★ 4K+
4
397
Redemption of preference shares
Accountancy
answered on 14-Oct-21 15:29
Sir, I did not understand the CRR entry 1) how 33750? 2) And when the redemption is financed from Sale of investments + Utlizing bank balance + Minimum fresh issue of equity shares We credit to CRR only the amount taken out of free reserves right !! But in this case we did not take any amount from free reserves for redemption, then why did we credit 33750 to CRR ? Please explain
latest answer
Thank you sir
Bliss Full
CA Inter
★ 580
5
445
Acc consignment chapter
Accountancy
answered on 15-Oct-21 11:31
Y are putting insurance co..admitted in cr side I did not understand bec....... As per I learned insurance company given money for goods lost means as pee consignment chapter we will post the entry by INSURANCE Company admitted. In congniee account only .... But here y are you putting on consignment ??????
latest answer
Ok sir got it
Balachandar S
CA Inter
★ 59K+
8
533
Doubt
Accountancy
answered on 12-Oct-21 20:30
Why in this sum in closing stock rs 22000 is added with 189000
latest answer
While valuing the stock ,some of the stock may written off , if it is done in any case the cost of the amount written off will added to closing stock to arrive at orginal cost of closing stock
Chandramouli A
CA Inter
★ 720
1
460