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Dividend payable Account
Accountancy
answered on 26-Aug-21 15:44
in Dividend payable account , Rs.12 lakh will be Debited as To cash A/c. OR will be Credited as By profit and loss A/c. ? and what will be the Balancing figure ?
latest answer
Got it ! Thank you so much !
Chandan Subudhi
CA Final
★ 12K+
4
436
Doubt
Accountancy
answered on 26-Aug-21 16:13
How they allot debentures for underwritters(red mark in image) Even though in question doesn't mention about this...
latest answer
Sry got it mam Thank you
Balaji R
CA Final
★ 20K+
6
470
redemption of debentures
Accountancy
answered on 26-Aug-21 11:38
The profit on cancellation of debentures will be charged against profits or loss account , right ?
latest answer
Ok , thank you
Susai Yappan
CA Inter
★ 12K+
2
385
Different between the provisions and contingent liability
Accountancy
answered on 26-Aug-21 15:31
In provision, we can estimate the amount but it isn't reasonable accuracy. In contingent liability can we estimate the amount or don't the amount.
latest answer
Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts. Accounting policies are the specific principles and procedures followed by a company's management team (may change from company to company) that are used to prepare its financial statements. Accounting standards are common (they apply to all entities)(like law) sets of principles, standards, and procedures that define the basis of financial accounting policies and practices. (you will learn more of these standards at intermediate level) All of these make the books of accounts and at the end financial statements
Vani
CA Foundation
★ 2K+
9
506
Accounting concepts
Accountancy
answered on 26-Aug-21 15:25
In accounting concepts there are all lot of concepts. Is we use all concepts or only fundamental accounting assumption?
latest answer
Followed they are basics of accounting and without them double entry accounts cant be done so its like followed by default
Vani
CA Foundation
★ 2K+
3
354
Basic Question
Accountancy
answered on 26-Aug-21 20:01
I am waiting for your response mam/Sir
latest answer
All these questions are covered in foundation and ca inter syllabus - pls go through and you will understand
Balachandar S
CA Inter
★ 59K+
12
489
Partnership
Accountancy
answered on 25-Aug-21 10:18
Any anyone explain and give an example for the highlighted para. It is from the partnership account chapter, interest on drawings.
latest answer
Thank you mam, now I understood
Vijay K
CA Inter
★ 9K+
2
23K+
doubt
Accountancy
answered on 28-Aug-21 15:29
why in this sum in opening balance amount is deducted 6500 instead of 10000 what is differnce between purchase price and cost price
latest answer
iam get over confusing mam that why iam asking this sorry mam and thank u for explaining this
Chandramouli A
CA Inter
★ 720
8
458
Doubt
Accountancy
answered on 24-Aug-21 13:07
Why in this sum we have prepared partner capital accounts from 1.6.x2 when they haven't specified anything like that.??
latest answer
Ok mam thank you
Sri kanaga Varshini
CA Final
★ 3K+
2
401
Consolidated financial statements
Accountancy
answered on 24-Aug-21 12:05
I can't understand 3rd point below please explain
latest answer
I have typed mam but it came like that sorry mam
Miradevi S
CA Final
★ 16K+
4
557