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Insurance claim
Accountancy
answered on 02-Jul-21 13:43
Gross profit on Sale generated from additional expenditure It means the sales occurred after date of fire?
latest answer
My pleasure . All the best ð???
Triveni Patil
CA Inter
★ 290
4
426
Doubt
Accountancy
answered on 03-Jul-21 12:08
Sir can u please explain how to solve below problem I am getting answer as 24:64:51 But correct answer is 24:40:51 Below is my solution please suggest me sir
latest answer
Mostly, the method will be mentioned in the question. If not, the question contains certain clues based on which you can conclude which method it is.
sai t
CA Foundation
★ 2K+
5
463
Board material
Accountancy
answered on 02-Jul-21 06:41
Sir accounts March 2019 board material can i follow
latest answer
Pls follow latest material on icai website
OMKAR REDDY
CA Inter
★ 6K+
1
411
Incomplete records
Accountancy
answered on 01-Jul-21 20:14
How come values of building and furniture
latest answer
It's ok ji my pleasure
Triveni Patil
CA Inter
★ 290
5
715
Shares and premium
Accountancy
answered on 01-Jul-21 13:41
How to allocate 420000 for E shares and premium.... Shares are 30000 premium is 5 %
latest answer
Yes tq sir
Triveni Patil
CA Inter
★ 290
2
449
P&L account
Accountancy
answered on 01-Jul-21 11:23
We have taken a loan of Rs.50,00,000/- from a bank with interest of 5% per annum. Now we are paying the interest for 1st year at the end. Shall I show these in P&L account or Balance Sheet?
latest answer
Loan amount at historical cost of 5000000 in balance sheet Intrest portion charge periodically to profit and loss statement
Vijay K
CA Inter
★ 9K+
1
443
Partnership
Accountancy
answered on 01-Jul-21 11:57
How they taken 3/15 and how come 18/ 90 show the calculation
latest answer
Ok ok i got it... Thank you sir!!
Triveni Patil
CA Inter
★ 290
2
423
Partnership
Accountancy
answered on 01-Jul-21 11:43
How come 3/15 and 18/90....
latest answer
1/5 x 3/3 = 3/15
Triveni Patil
CA Inter
★ 290
5
407
Trial balance
Accountancy
answered on 01-Jul-21 10:36
In this illustration(pic attached) we are asked to correctly prepare trail balance as on 31st march 2020, so when we are answering shouldn't we take the inventory value as on 31.03.2020(refer the lines below the question) instead of inventory on 1.4.2019(which is in table). However in solution they took inventory value as on 1.4.19 which is actually previous year's detail. Kindly explain. Thankyou.
latest answer
Sir, the given inventory is opening inventory the goods which are not sold last year it's essential to show the previous years stock in our accounts and the second thing you were talking about is closing inventory, yes we take it in the books of accounts but in this case it will be in adjustment part (hope you know final accounts) as to make a dual effect it is a part of adjustment
Aswin Chandar
CA Final
★ 40K+
1
401
As10 PPE
Accountancy
answered on 02-Jul-21 20:57
Can any one explain what is commercial substance and how to treat PPE when acquired by exchange of assets.
latest answer
Tq bro ð???
Sairam Reddy
CA Final
★ 10K+
16
706