Forums
Sales ratio
Accountancy
answered on 22-Aug-21 20:31
Can anyone please find a sales ratio for the below attached question
latest answer
.
Susai Yappan
CA Inter
★ 12K+
7
580
Provision for discount
Accountancy
answered on 17-Aug-21 11:29
Generally the discount is allowed by the firm to those who bought goods from them. So why we have to give a provision for the discount? Explain with some examples please.
latest answer
Now I understood, thank mam.
Vijay K
CA Inter
★ 9K+
4
543
1 Fin app
Accountancy
answered on 17-Aug-21 11:14
Sir I just now see the option known as " leave tracker ". What is it? And what is the use of it?
latest answer
Thank you sir
Vijay K
CA Inter
★ 9K+
3
556
Profit or loss pre-and post incorporation
Accountancy
answered on 16-Aug-21 21:40
Book back question, question no.3. About gross profit ratio. Since months after incorporation is 8 months , Why did they multiply the 30% with 10 X instead of 8X 
latest answer
Thank you soo much brother
Susai Yappan
CA Inter
★ 12K+
2
518
Redemption of Preference Share
Accountancy
answered on 16-Aug-21 09:32
Why crr created with 33750... Equity share are issued of nominal value of 33750 then crr should be 31250 (65000-33750)
latest answer
Yes
Devendra Rajput
CA Inter
★ 425
3
488
Forfeiture of fully paid up shares?
Accountancy
answered on 16-Aug-21 08:29
How can fully paid up shares be forfeited? Please refer the image and reply
latest answer
Ok mam. Thank you
Sibi Srinivasan
CA Final
★ 22K+
2
2K+
Listed companies
Accountancy
answered on 15-Aug-21 09:28
In the company accounts chapter, there is a statement " shares of private company are not listed on stock exchange". But in reality, most of the listed companies are private in nature. Please explain.
latest answer
Hvh
Sibi Srinivasan
CA Final
★ 22K+
10
656
Inventory
Accountancy
answered on 14-Aug-21 09:24
What is the meaning of the Term inventory?
latest answer
Both are simultaneously used and no difference it's just the terminology that differs.
Rishi Kumar
CMA Inter
★ 6K+
3
583
Calculation of cost of goods sold
Accountancy
answered on 18-Aug-21 08:58
Opening stock +purchases (Closing stock already adjusted Here closing stock and purchase both are given in trial Balance If closing stock given in adjustment we need to add to purchase My answer is right or wrong ???
latest answer
COGAS - 17000
Rishi Kumar
CMA Inter
★ 6K+
12
1K+
Sales and sales return
Accountancy
answered on 14-Aug-21 12:23
Sometimes,goods are sold on approval basis that is when the coustomer has the right to return goods with in stipulated period in that case the sale entry should be reversed. My doubt : 1)What is the mean by approval basis 2)What is the entry passed at the time of approval basis in the books? 3)Why goods send on approval basis? 4)Goods are sold in approval basics treated as sale or not?
latest answer
Thank you brother
Rishi Kumar
CMA Inter
★ 6K+
2
551