Forums
Depreciation
Accountancy
answered on 22-Jul-21 22:25
When should the method of depreciation of an fixed asset should be changed? And why? Give me one example. Thank you for your kind help.
latest answer
It should change depending on circumstances - when usage pattern of asset is changed or say benefits expected from asset now varies. Why? To reflect true costs to the business. Example: A company expected machinery to last 20 years and loose value equally over years. So, it used straight line method. But based on usage, it's losing much value in early years, so it may change to WDV method.
Vijay K
CA Inter
★ 9K+
1
660
Consignment
Accountancy
answered on 22-Jul-21 12:30
Please help in solution of this question with detailed solution
latest answer
Try to solve on your own and send us the solution. Will get back to you.
Aditya Sharma
CA Foundation
★ 2K+
1
599
cash flow statement
Accountancy
answered on 22-Jul-21 09:51
XYZ company manufacturing tiles they started business on 1/4/2020. from the following information prepare cash flow statement as on 31/03/2021 company produce 600 tiles per day(25 days per month) direct expenses â?¹10.5 per piece selling price â?¹91 per piece raw materials used to produce a tile is â?¹30 rent â?¹2500 per month salary â?¹13500 per month advertising â?¹1000 per month travelling â?¹1000 per month other expense â?¹3300 per month
latest answer
Assume what is produced is sold.
Elavarasi B
CA Inter
★ 46K+
3
539
Method of writing
Accountancy
answered on 22-Jul-21 12:43
I am a science student. I don't know how to write in accounts sheet. Where can I get to know the procedure of writing in accounts sheet?
latest answer
Yes
Vijay K
CA Inter
★ 9K+
6
623
Exam doubt
Accountancy
answered on 21-Jul-21 13:55
In ca foundation exams, is there any option to attempt all the questions. Will marks be considered for the extra questions? Or only 4 out of 5, 1st being compulsory?
latest answer
https://youtu.be/3NRHkfi7VYI Time stamp : 1:56:30 ICAI webinar on Dec 2020
Sibi Srinivasan
CA Final
★ 22K+
7
886
Prize
Accountancy
answered on 21-Jul-21 09:01
I bought a car worth of Rs. 5,00,000 and paid Rs. 25,000 as tax and Rs. 25,000 as transportation charges. so the cost of my car will be Rs. 5,50,000 as per my books of accounts. but if someone asks me about the prize of the car, what should i tell him? Rs. 5,50,000 or Rs. 5,00,000 ? and explain why ? thank you for your kind help.
latest answer
Ex showroom price 500000 On road price 550000
Vijay K
CA Inter
★ 9K+
1
576
Where can I learn branch accounting ?
Accountancy
answered on 20-Jul-21 19:27
Any YouTube channel or sites you recommend ?
latest answer
https://www.indigolearn.com/course/Accounting-for-Branches-Including-Foreign-Branches/plsnwd?catalogId=wpljho
anqelic bvnni
CMA Foundation
★ 0
1
596
Real or nominal?
Accountancy
answered on 20-Jul-21 16:23
1.Why Purchases and sales are classified both as real and nominal? 2.And what does the word nominal indicate in this context? 3.Is it ok if I write them as nominal accounts? Pls answer
latest answer
Ok. Thank you so much mate
Sibi Srinivasan
CA Final
★ 22K+
3
3K+
Doubt
Accountancy
answered on 20-Jul-21 08:45
Here in this question cash and bank have no separate balances so it is maintained in combined manner so can I omit the contra entry transaction as they have no effect in this combined form...?
latest answer
Yes you can make one single account
Sri kanaga Varshini
CA Final
★ 3K+
1
692
Depreciation
Accountancy
answered on 24-Jul-21 13:28
Please give me solved answers of all. Who solve this will get maximum marks in exam. With regards Aditya Sharma
latest answer
5th
Aditya Sharma
CA Foundation
★ 2K+
9
722