Cash book

answered on 02-Mar-21 09:41

In cash book ,should we have separate columns for cash n bank ?? Or combined ?

latest answer

This is only simple adjustment

Reetikaa R

CA Inter

★ 7K+

15

284

Financial statement

answered on 01-Mar-21 11:03

Where is trade expeneses are put Is it profit or loss account Or trading account Why

latest answer

Indirect expenses are like salary wages, office rent godown rent,stationety, discount paid, loss on fire, depreciation, bad debts Direct expenses purchases sales closing stock etc

nisam M

CA Final

★ 23K+

9

305

Cashflow statements

answered on 01-Mar-21 08:07

Is Time deposit with bank is a cash equivalent item?

latest answer

Thank u sir

surya prakash

CA Inter

★ 2K+

2

260

Cashflow statement

answered on 02-Mar-21 17:35

can anyone explain me advance tax in the cash flow statement?

latest answer

The opening provision is set off against opening advance tax. The current advance tax is paid during the year.

Kumar Sarthak

CMA Final

★ 12K+

1

381

Not For Profit Organisations

answered on 03-Mar-21 10:11

How to treat the general donations & Specific donations?

latest answer

General donation should go to income and expenditure a/c credit side as it is a revenue receipt. Specific donation should go to Balance sheet liability side as it is a capital receipt

Sai Eswar Kolli

CA Final

★ 27K+

4

308

Doubt

answered on 27-Feb-21 22:10

Amount Spent to reduce Working Expenses? Is it Capital or Revenue Expenditure?and How?

latest answer

Welcome

Bharath Sathvik

CA Inter

★ 490

3

268

Journal

answered on 27-Feb-21 16:26

Pls explain 2(i)

latest answer

2nd

gopika sivaperumal

CA Foundation

★ 6K+

7

273

As-4

answered on 27-Feb-21 03:08

When proposed dividend declared after balance sheet date? Are we need to adjust in balance sheet?

latest answer

Proposed dividend not to be adjusted in the balance sheet date,as per new amendment.It is a non adjusting item

sameer fahad

CA Final

★ 3K+

1

421

Dividend distribution

answered on 26-Feb-21 15:01

The attached image is the NOTES TO ACCOUNTS of Qn. No. 4 of Practical questions of chapter-4 of paper 1 Here no information is given in question regarding, "Increase for the purpose of grossing up of dividend" And "Dividend distribution tax and it's rate" Why these are done there?? Can u please explain that working note??

latest answer

DDT is not applicable now.

ALDRIN G

CA Inter

★ 12K+

1

323

Departmental Accounts

answered on 27-Feb-21 00:47

Has mark-up questions been asked lately? Is it really important to focus on?

latest answer

Mostly they wont ask but Don't take the risk.they asked in Nov 2019 attempt.i will recommend jagrat creation in youtube(free).if markup question is come, only one model will be available.there will no extra adjustment(95%).number only differ..

Kishore Anil

CA Inter

★ 2K+

1

381