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As 11
Accountancy
answered on 05-Oct-21 21:23
In AS 11 The foreign exchange rate is used form which source. Even a change in paise can Make big impact on huge project. So which is the official source RBI, or any other banks?
latest answer
Usually closing rates at day end are used. The rates are same across all banks and are provided to clients when asked.
Akshara Chandar
CA Final
★ 1K+
1
484
Depreciation
Accountancy
answered on 05-Oct-21 14:14
Please solve this sum
latest answer
Thank you
Dhakshana Dhakshana
CFA L2
★ 18K+
4
560
As 18 related party disclosures
Accountancy
answered on 05-Oct-21 10:29
If H ltd holds 30% in A ltd and 40% in p ltd. P ltd holds 25% in A ltd. Will H ltd and p ltd will be called as related party?
latest answer
Thank you mam
Agrawal Chirag
CA Inter
★ 2K+
2
602
Capital and revenue expenditure
Accountancy
answered on 05-Oct-21 10:48
Please explain Difference between deferred revenue expenditure and prepaid expenses
latest answer
Deferred expenses, often known as deferred costs, fall in the long-term asset class. Prepaid expenses is a current asset related to a non-capital expenditure. A normal business revenue expense is paid in advance due to a contract or business obligation but the benefit is going to be enjoyed within the next year, it is called prepaid. Deferred revenue expenditure is an expenditure where result and benefits of this expenditure are obtained over the multiple years in the future.
Sejal Shivani
CA Foundation
★ 5K+
12
941
Rectification of Errors after preparation of Trial Balance but before preparation of Final Accounts
Accountancy
answered on 05-Oct-21 02:18
From Cash Book it is found that discount of Rs.85 allowed by Jadu was not posted to his account. What will be the entry ? Please reply
latest answer
Yes creditor will have cr balance now we are paying creditor so if you again cr him your creditor balance will increase which mean u have to still pay him meaning....if only you dr creditor your balance will reduce
Aditya Birla
CBSE XI
★ 4K+
16
674
Final Accounts
Accountancy
answered on 06-Oct-21 20:26
What will be the treatment of Provision for Depreciation on Machinery on 1.1.2013 â?¹ 800 in the Credit side of the Trial Balance ?
latest answer
I have no sufficient money
Aditya Birla
CBSE XI
★ 4K+
25
1K+
Final Accounts
Accountancy
answered on 05-Oct-21 16:06
Some please help me by preparing the Profit and Loss Account.my answer don't match with the real answer given in the book.Gross profit is 28650 and Net profit is 16300. Balance sheet total is 58800.
latest answer
Depreciation on building - Rs. 1,000 to go to PL. This will not impact the balance sheet.
Aditya Birla
CBSE XI
★ 4K+
14
1K+
Rectification of Errors after preparation of Trial Balance
Accountancy
answered on 04-Oct-21 21:02
Are all my entries correct ?
latest answer
No bro
Aditya Birla
CBSE XI
★ 4K+
10
654
Final account
Accountancy
answered on 05-Oct-21 11:37
What is the effect of this error on final accounts? Purchases include sales return of 10,300 and sales include purchases return of 6,900.
latest answer
Thanks mam
Rakesh Shah
CA Final
★ 5K+
13
5K+
Final account
Accountancy
answered on 03-Oct-21 22:43
What is the meaning of this 'Salaries payable'?
latest answer
It is same as salary outstanding... expense incurred but not paid which is a Liability so dr in p/l and balance sheet Liability side
Rakesh Shah
CA Final
★ 5K+
1
626