Forums
Hire purchase
Accountancy
answered on 12-Jun-21 08:35
In given below question Tractor b is disposed how will be shown in the lecture of hire vendor a/c
latest answer
Hii
Kanaga Mani
CA Inter
★ 3K+
2
592
Doubt
Accountancy
answered on 11-Jun-21 18:23
In this question, general reserve or profit and loss account balance which should be used first for redemption of preference shares ? Becoz if i use first profit and loss balance my answer differs with that of institute ..
latest answer
Thank u sir
Sri kanaga Varshini
CA Final
★ 3K+
2
485
ACCOUNTS
Accountancy
answered on 11-Jun-21 21:48
Can any one send this question solution ?
latest answer
Ration Analysis - FM - CA Inter
Aakash Raavi
CMA Inter
★ 320
4
568
Presentation format - NPO & Incomplete records
Accountancy
answered on 11-Jun-21 12:56
Can accounts such as - Subscriptions (income a/c, asset a/c & liability a/c) & other similar accounts be prepared in T format in working notes in exam? Or is it necessarily to be prepared in Statement format only? I have the same doubts for incomplete records too.
latest answer
Thanks for the clarification!
Sundara Gandhi
CA Inter
★ 4K+
2
489
Conceptual doubt
Accountancy
answered on 11-Jun-21 20:01
Sir ,I want to know the derivation of the below given statements (1)If profit margin is same , selling price is different then cost per unit cannot be same (2) if Gross profit margin is same , selling price proportion is equal to cost price proportion
latest answer
Ok sir thank you
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
10
539
Departmental accounts
Accountancy
answered on 11-Jun-21 18:21
In this book back question from study material, why do we credit the stock reserve of opening stock in general profit and loss account? What does that have to do with FIFO method?
latest answer
That makes sense. Thank you sir.
Mayilvizhi Maan
CA Inter
★ 6K+
4
1K+
CRR creation
Accountancy
answered on 10-Jun-21 16:48
Should crr be created for the FV of the shares bought face alone?or FV of shares bought back - fresh issue
latest answer
FV of shares bought back - proceeds from fresh issue
Mala Ca
CA Final
★ 23K+
1
553
Doubt
Accountancy
answered on 14-Jun-21 10:17
Why 1,26,000
latest answer
Rs. 1,26,000 is the loss of reconstruction. So, that amount is debited to general reserve and credited to reconstruction account.
Mala Ca
CA Final
★ 23K+
2
574
Consignment
Accountancy
answered on 10-Jun-21 16:57
How normal loss has impact on gross profit? How abnormal loss does not impact gross profit?
latest answer
Normal loss increases the cost of inventory and COGS
MATURU HAMSA GAYATRI
CA Final
★ 23K+
3
1K+
Redemption of preference shares
Accountancy
answered on 10-Jun-21 10:07
In this question from study material, the amount to be transfered to CRR A/C should be face value of preference shares redeemed - face value of equity shares issued i.e, Rs.65000-Rs.37500=Rs.27500. But how did we arrive at Rs. 33750 (Rs.65000-Rs.31250). The equity shares are issued at face value, then why is it given as 31250 and 33750?
latest answer
Thank you sir
Mayilvizhi Maan
CA Inter
★ 6K+
2
651