Forums
Fire insurance
Accountancy
answered on 04-Feb-21 19:06
Waht does the insurance company compare the insured stock with ?? STOCK ON THE FIRE OR DAMAGED GOODS ??
latest answer
Total stock as on date of fire.
Reetikaa R
CA Inter
★ 7K+
1
263
Rectification of error
Accountancy
answered on 03-Feb-21 12:02
When do we need to use p&L adjustment account for rectification of errors
latest answer
For rectifying the errors detected in the next accounting period, a special account 'Profit and Loss Adjustment Account' is opened for correction of amounts relating to expenses and incomes.
nisam M
CA Final
★ 23K+
1
270
Accumulated depreciation
Accountancy
answered on 02-Feb-21 19:13
Why accumulated deprecaition method is used , what are advantages , if accumulated deprecaition is used then in balancesheet cost of the asset is shown know then it will not reflect the true picture know
latest answer
Or else the balance sheet would have shown only the net value of the asset
nisam M
CA Final
★ 23K+
5
328
New and old syllabus
Accountancy
answered on 10-Feb-21 20:51
Redemption of debenture & Redemption of preference share in new syllabus are same as in old syllabus? Or is there any difference. Im an old syllabus student, can i watch these chapters in new syllabus section.?
latest answer
Tq
AKHIL KOSHY
CA Final
★ 7K+
3
291
Query for commencing preparation !
Accountancy
answered on 01-Feb-21 10:47
To start with Accountancy in Ca Inter Group 1, Should I complete Accounting standards first and start with Practical chapters or I should complete all chapters first then Standards?
latest answer
Yes
Lalit Sanpal
CA Final
★ 6K+
3
299
What is the reason why shares are issued at premium and not crank up the entire value to just face value?
Accountancy
answered on 31-Jan-21 10:34
For example why is it 100 + 20 premium and not just 120 face value?
latest answer
two reasons - a class of shares should have same face value. if you keep changing FV for every new issue - you will have to issue multiple classes - will be a nightmare to handle so many classes, identify their rights - Share premium can be used for several other purposes ( w/ o of discounts on debentures etc) without any major process but equity capital cannot be used to write off - reduction of capital is a painful process.
Kishore Anil
CA Inter
★ 2K+
1
327
Unable to find 2 lesson
Accountancy
answered on 31-Jan-21 10:30
Sir pls help I am unable to find joint venture and royalty accounts chapters .can I know where this chapters are available.
latest answer
it is no longer in syllabus
Shreesha .T.u
CA Foundation
★ 2K+
1
278
ANYBODY REPLY PLSð???ð???ð???ð???
Accountancy
answered on 01-Feb-21 08:11
Goods sent on approval ledger is opened in ledger book but why is it in format of journal?? Please reply
latest answer
Ok,i understood,thanks:)
Santosh pal
CA Inter
★ 820
7
281
Amalgamation
Accountancy
answered on 15-Feb-21 15:50
Sir if cash is not taken by purchasing company then can we consider it as Amalgamation in Nature of purchase.
latest answer
Inorder to incorporate the Statutory reserves,viz,Export profit reserve 200 &Investment allowance reserve 100,an equal debit is given to Amalgamation adjustment account.Here you did not provide the full problem so I can't say how 670 came.please show full question.
makthala venkateswarlu
CA Foundation
★ 510
4
321
Provision for Assets
Accountancy
answered on 30-Jan-21 10:53
If any changes are there for provisioning for std,sub std, doubtful & loss assets for Nov 2020 examination?
latest answer
Okay everthing cleared
Santhosh kv
CA Final
★ 2K+
3
251