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Compulsory question

Accountancy

answered on 15-Jun-21 12:42

From which chapter compulsory question be asking in advance account old syllabus like asking from partnership in paper one

latest answer

Generally Accounting Standards.

Triveni Patil

Triveni Patil

CA Inter

290

1

429

Cash book, Illustration 5, pg 2.84-2.85

Accountancy

answered on 16-Jun-21 18:31

For the transactions on 6 and 7 march, Srijan and Adit were credited and debited respectively for rs 6200. Then again the same was done when the amount was actually paid on 12 march. So isn't it wrong that two entries have been passed, although the payment is made only once? Both srijan and adit have their account credited and debited respectively for 12400 (6200+6200), when it should have actually been for 6200 only. So why is this entry passed twice?

latest answer

I hope your doubt is clarified Mark it as best answer

Ronit Burad

Ronit Burad

CA Foundation

4K+

4

480

Average due date

Accountancy

answered on 14-Jun-21 19:21

Explain 6 th true or false?

latest answer

Hope u understood

MATURU HAMSA GAYATRI

MATURU HAMSA GAYATRI

CA Final

23K+

4

489

Financial statements of companies

Accountancy

answered on 14-Jun-21 18:22

Bank overdraft and cash credit should be shown under other current liabilities or short term loans and advances? Sir

latest answer

Ok sir thank you

SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

1K+

3

466

Cash flow statement

Accountancy

answered on 13-Jun-21 20:58

Sir , if opening and closing current investments is given , Can we put in Investing activity. (or ) can we adjust in working capital changes.....?

latest answer

If it is normal business, then it is investing activity. If the business is investment business, then it is operating activity

M Naresh

M Naresh

CA Final

3K+

1

440

Rectification of error

Accountancy

answered on 12-Jun-21 20:38

Please answer entry no. i and v

latest answer

These are the journal entries Hope it helps you

Munaf & Team

Munaf & Team

CA Foundation

830

1

486

Doubt

Accountancy

answered on 14-Jun-21 15:41

Sir how much time is to be taken to complete a problem asking to prepare (p&l , balance sheet and notes to account ) & (balance sheet with notes to account alone ) CHAPTER: FINANCIAL STATEMENTS (4)..

latest answer

180 minutes 100 marks - so per mark 1.8 minutes - pls base your computation on that - briadly

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

4

493

Bonus issue

Accountancy

answered on 12-Jun-21 16:55

Why is credit balance of p/l in R&S not taken for bonus issue?

latest answer

You can take. But last priority

Pushkala S

Pushkala S

CA Final

3K+

1

468

What is temporary capital?

Accountancy

answered on 17-Jun-21 10:16

Classification of many accounts under accounting equation method is done as "temporary capital". For eg- bad debts, drawings, depreciation, discount allowed etc. What does temporary capital mean?

latest answer

Yes, the accounts which come under P&L account are considered as Temporary capital

Ronit Burad

Ronit Burad

CA Foundation

4K+

5

2K+

exam pattern

Accountancy

answered on 12-Jun-21 13:06

what is the question pattern of accountancy paper how much mark they ask theory question and practical ?

latest answer

https://resource.cdn.icai.org/57148bos46296.pdf

Fayis E

Fayis E

CA Inter

5K+

2

491