Doubt

answered on 14-Apr-21 11:25

Why is it revenue transaction? Y can't it be capital transaction

latest answer

Yes. Revenue expenditure

Meda Jeevansai

CA Final

★ 21K+

20

625

Fainal account

answered on 02-Apr-21 08:27

In fainal account why we put adjustment profit and loss account as well as Balance sheet.

latest answer

Double entry impact

subham sahoo

CA Foundation

★ 270

1

456

Recertification entry

answered on 01-Apr-21 23:07

Won't this omission be shown in cash book after knowing ?? In book ,it s shown only in discount allowed account.

latest answer

Sorry wrongly posted, no answer required

Reetikaa R

CA Final

★ 7K+

1

426

Doubt

answered on 02-Apr-21 14:42

Sir Cogs=os+purchases-closing stock -sales Or below screenshot is correct please advise me sir

latest answer

Refer to page no 7.6

sai t

CA Foundation

★ 2K+

15

411

Doubt

answered on 02-Apr-21 22:21

I couldn't get the answer for the adjustment encircled(in image) ,I got ans as 18000 but it is 20000 pls help me to get clarity

latest answer

Ok sir now I understood thank u

Sri kanaga Varshini

CA Final

★ 3K+

6

470

Journal

answered on 02-Apr-21 11:36

What is the entry for Cheque collected from Q â?¹500 and deposited for clearance

latest answer

Bank a/c Dr.. To Q's a/c

Reetikaa R

CA Final

★ 7K+

2

387

Statutory reserves

answered on 03-Apr-21 12:44

What is a statutory reserve and why cannot we create statutory reserves when two companies are amalgamated?

latest answer

Amalgamation adjustment reserve is debited to bring in the statutory reserves of the transferor company. There is no creation of statutory reserves, it is transferred as per the rule

Rithani R.C

CA Inter

★ 4K+

3

512

ACCOUNTING CONCEPTS

answered on 01-Apr-21 11:50

TYPE OF CONCEPTS

latest answer

1. Business Entity Concept 2. Money Measurement Concept 3. Dual Aspect Concept 4. Going Concern Concept 5. Accounting Period Concept 6. Cost Concept 7. The Matching Concept 8. Accrual Concept 9. Realization Concept

KARTHIKEYAN M

CA Inter

★ 12K+

1

372

Underwritting

answered on 01-Apr-21 14:19

Sir what is the meaning of this sentence given in the below attachment? Whether benefit of underwriting given or not? Whether firm underwriting includes in or not? Please explain it

latest answer

Yes, correct

Sajan Gangadharan

CA Final

★ 9K+

4

552

Accounting query

answered on 01-Apr-21 19:08

What entry should i made to increase sales by rs.4032 without increasing debtors and cash in hand should also be increased by that amount and closing stock should also decrease in tally??

latest answer

Assume that cost sales 4000 and profit is 42 - 1) 4000 increase in sales, 4000 reduced in closing stock and 32 will be shown in profit. 2) in balance sheet : Asset - closing stock (4000) and cash / debtors +4032. Liability- profit +32 The balance sheet talliedð???ð???

Aadip Mondal

CA Inter

★ 4K+

2

396