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Profit or loss pre and post incorportion
Accountancy
answered on 25-Apr-21 19:39
How to calculate Sales ratio simply?
latest answer
Follow this method..
Mahi Yadav
CA Inter
★ 0
1
440
Profit or loss pre and post incorporation
Accountancy
answered on 26-Apr-21 10:44
When Travelling expenses or Travelling commission given in question. On which basis we have to calculate either on Time or Sales?
latest answer
Thank you sir.
Mahi Yadav
CA Inter
★ 0
6
898
Doubt
Accountancy
answered on 26-Apr-21 13:05
For example, a question has depreciation â?¹40000 and provision for depreciation asâ?¹110000 in trial balance. And asset value is â?¹5800000. How should we post it in P/L and B/S.
latest answer
Fixed assets are companyâ??s tangible assets that are relatively durable and used to run operations and generate income. They are not used to be consumed or sold, but to produce goods or services. Due to the long-term use, the value of fixed assets decreases as they age. Depreciation is the allocation (over the useful life) of the acquisition cost of a fixed asset caused by a decrease in its value. At the end of each financial year, we debit the depreciation expense account and credit the provision for depreciation (on relevant fixed asset account) with the amount of depreciation calculated for the year. For income statements, depreciation is listed as an expense. It accounts for depreciation charged to expense for the income reporting period. On the other hand, when itâ??s listed on the balance sheet, it accounts for total depreciation instead of simply what happened during the expense period. Your balance sheet will record depreciation for all of your fixed assets. This means youâ??ll see more overall depreciation on your balance sheet than you will on an income statement. Equipment is listed on the balance sheet at its historical cost amount, which is reduced by accumulated depreciation to arrive at a net carrying value or net book value.
Susai Yappan
CA Inter
★ 12K+
8
605
Banking companies
Accountancy
answered on 26-Apr-21 10:08
Can someone give me a detailed answer for this qn
latest answer
Can help you with any specific doubt you have. Please share your working if any in order to help
sabarish s
CA Final
★ 2K+
1
452
Financial statement
Accountancy
answered on 24-Apr-21 14:38
May I know the meaning of â??â?? share option outstanding account â??â??
latest answer
You first part of question is unclear. Second part - Share options outstanding account is a reserve which is created to reflect the difference between issue price of share options that are granted to employees and others amount of market value at that time. It is credited with expenditure attributable to that period. You shall learn more about it in Group 2 Advanced Accounting
Susai Yappan
CA Inter
★ 12K+
1
498
Doubt
Accountancy
answered on 24-Apr-21 14:34
Can some one explain me the 3rd question
latest answer
Thank you so much sir ,. Understood ð???
Susai Yappan
CA Inter
★ 12K+
2
579
Liquidation
Accountancy
answered on 24-Apr-21 11:35
Anyone's expalin how to do list H and is it important to open list H ?? I cannot understand list H format. Plz detailed explained for me
latest answer
In short, From the profit we add back items contributing to deficiency and reduce items contributing reducing deficiency.
Sathiya Bama
CA Final
★ 24K+
1
495
Short cut
Accountancy
answered on 24-Apr-21 10:09
Can I get some trick or short cut to learn the addition and deductions of items for computing profit for managerial remuneration
latest answer
Thank you sir , thank you so much .
Susai Yappan
CA Inter
★ 12K+
2
444
Doubt
Accountancy
answered on 23-Apr-21 14:20
Financial statement chapter . Illustration.2. . Please explain the below lines .
latest answer
Ok thank you sir for your explanation. Thank you
Susai Yappan
CA Inter
★ 12K+
2
522
Financial statements of companies - problem no. 5 - ICAI material
Accountancy
answered on 23-Apr-21 10:54
Why does the provision of depreciation gets deducted against the assets- building and machinery??
latest answer
Thank you so much sir for clearing my doubt.
Sainisha Ramesh
CA Inter
★ 200
2
385