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Accountancy
answered on 15-Oct-21 19:18
Where can i get answers for july 21 paper.
latest answer
Coming soon on ICAI website
Tanmay Gupta
CA Inter
★ 8K+
2
638
Basics
Accountancy
answered on 18-Oct-21 10:20
What is provision and contingent liability and what is the major difference between both & understanding example pls
latest answer
Refer to notes please
Balachandar S
CA Inter
★ 59K+
4
624
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
584
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BRS A debit of Rs.11,00,000 appeared in the back statement for an "unpaid cheque" which, had been returned marked "out of date".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
689
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
600
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
559
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
574
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
561
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
577
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
616