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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

Vani

CA Foundation

2K+

3

487

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

Balachandar S

CA Inter

59K+

12

633

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

Vijay K

CA Inter

9K+

2

27K+

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

Chandramouli A

CA Inter

720

8

589

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

Sri kanaga Varshini

CA Final

3K+

2

566

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

Miradevi S

CA Final

16K+

4

744

Partnership

Accountancy

answered on 24-Aug-21 10:29

If in the question, they give simply as partnership and not mention whether it is LLP or unlimited liability partnership. In this case what will be the treatment for this question?

latest answer

Solve assuming normal partnership

Vijay K

Vijay K

CA Inter

9K+

1

573

HUF

Accountancy

answered on 24-Aug-21 12:35

What is mean by " HUF - Hindu Undivided Family " . Is HUF a company or corporation. What is their field in society. Simply who are they ? Even I have searched in Google but still I can't understand.

latest answer

Thank you sir.

Vijay K

Vijay K

CA Inter

9K+

4

602

doubt

Accountancy

answered on 24-Aug-21 10:03

in this sum how conversion of debentures from equity shares comes 1,10,000 shares

latest answer

Good

Chandramouli A

Chandramouli A

CA Inter

720

3

546

Agreement

Accountancy

answered on 25-Aug-21 10:18

The question in the image is just a social agreement and unenforceable by law. Am I right?

latest answer

Ok mam thank you

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

4

617