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Cash flow statement
Accountancy
answered on 24-Jul-21 14:46
Why provision for depreciation is added to balance brought down and carried down
latest answer
Thank you very much sir,. The answer was very clear and in understandable... thank you sir
Susai Yappan
CA Inter
★ 12K+
4
606
AS 19
Accountancy
answered on 01-Aug-21 19:53
In AS19 definition of financial lease what is the meaning of - 1. major part of economic life 2. MLP amounts to substantially FV of leased asset what can be considered as the exact % or amounts considered substantial or major
latest answer
Thankyou!!
Priyanka Udeshi
CFA L1
★ 14K+
3
686
Solution for the following
Accountancy
answered on 24-Jul-21 08:41
Solution for 3,5 and 6 true or false Solution for 4 th fill in the blank
latest answer
3rd will be False - as they are known as IndAs
MATURU HAMSA GAYATRI
CA Final
★ 23K+
4
580
Depreciation
Accountancy
answered on 24-Jul-21 16:25
I have worked out this problem. Please check the answer.
latest answer
It is a good practice to open depreciation account
Vijay K
CA Inter
★ 9K+
18
701
Final accounts
Accountancy
answered on 24-Jul-21 08:34
In this question closing stock is given in trial balance and purchases is not given in question. How to get them?
latest answer
Just write COGS on debit side of Trading & P&L A/c. Take closing stock directly on asset side of balance sheet
siva chaitanya
CA Final
★ 13K+
7
561
Final accounts
Accountancy
answered on 24-Jul-21 08:33
Sir, here the fire broke out on 1st April 2018 but the financial year closes on 31st March 2018. So should we consider this adjustment in final accounts or not?
latest answer
No, we shall not consider it.
siva chaitanya
CA Final
★ 13K+
3
543
Treatment of membership fees and entrance fee
Accountancy
answered on 24-Jul-21 12:37
If nothing is specified in the question how should we treat membership fee and entrance fee in npo?
latest answer
You mean whether income or not? You can show in Income and Expenditure and put a note.
MATURU HAMSA GAYATRI
CA Final
★ 23K+
1
509
Final accounts
Accountancy
answered on 23-Jul-21 09:59
What is the effect of this adjustment in the final accounts
latest answer
Yes sir, understood
siva chaitanya
CA Final
★ 13K+
9
493
Final accounts
Accountancy
answered on 24-Jul-21 08:26
when income tax paid is given inside trial balance Then we should deduct from drawings know sir?
latest answer
It will be deducted from capital in the balance sheet. It will be treated similar to drawings as income tax in case of propreitor is personal liability
siva chaitanya
CA Final
★ 13K+
8
634
Final accounts
Accountancy
answered on 24-Jul-21 08:28
when cost of goods sold is given in trial balance and closing stock also given inside trial balance then can we find purchases sir?
latest answer
Now, we can't separately find Purchases in that situation. All we can get to know is Opening Stock + Purchases amount. Then there could be any assumption, whether opening stock is zero or equal to closing stock etc.
siva chaitanya
CA Final
★ 13K+
9
548