Narration

answered on 09-Mar-21 19:18

Do we need to write a suffix (As per board resolution dated.......) In narration of bonus issue???

latest answer

Not required

James Js

CA Inter

★ 1K+

1

487

Ch 1

answered on 09-Mar-21 14:35

There r 2 definitions for accounting .which shd i write in exam ? THE ART OF RECORDING ,CLASSIFYING ,SUMMARIZING IN A SIGNIFICANT MANNER AND KN TERMS OF MONEY,TRANSACTIONS AND EVENTS WHICH ARE IN PART AT LEAST ,OF A FINANCIAL CHARACTER AND INTERPRETING THE RESULTS THEREOF . OR THE PROCESS OF RECORDING, CLASSIFYING ,SUMMARIZING ,ANALYSING ,AND INTREPREETING ,THE FINANCIAL TRANSACTIONSAND COMMUNICATING THE REULTS TO THE PERSONS INTERESTED IN SUCH INFO .

latest answer

both are ok

Reetikaa R

CA Final

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4

425

Insurance claim for loss of prpfit

answered on 09-Mar-21 10:56

Sir,in module illustration 1 _ there was some workings, related to download trend are they useless sir? Image attached below

latest answer

Yes, you may ignore it. But it includes calculation of sales of first quarter of 20X2, which is important. Also, it's downward-trend (typo in description), which is nothing but a shortfall in quarterly sales which happened. Though was not asked in question, but just know how it is calculated, say if get asked as a part of question. Happy studying!

Subash Chandrabose

CA Final

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1

387

Expenditure

answered on 09-Mar-21 12:21

Legal fees incurred for defending the case against us is loss right ,just like fine .it gives no benefit .how come it s revenue exp??

latest answer

Thank u

Reetikaa R

CA Final

★ 7K+

10

453

Average due date

answered on 08-Mar-21 18:02

The due of the first bill receivable is 4-08-2020. So I took that date as my base date. But when I saw the answer, the average due date is 02-08-2020. According to the formula :- Average due date = Base date + difference in product/difference in amount. How Base date is reduced?

latest answer

Tnx a lot for your kind of help bro. Can you please send hi to my mail jeevansaimeda@gmail.com

Meda Jeevansai

CA Final

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9

450

Liquidation

answered on 09-Mar-21 10:31

Sir in liquidator remuneration amount realised on asset which is secured by laiblity does he gets remuneration on total asset realised or only for surplus amount after paying such secured liability ??

latest answer

If that asset is realised by liquidator (and not by receiver) and nothing else is mentioned in the question, he may be given remuneration on the amount that asset realised. Please give a note to the same effect.

Enuguru Sai Nithin

CA Final

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3

404

Ch 1

answered on 10-Mar-21 14:38

Accountant s role in an industry is to work with the departments and improve its efficiency. Am I right??

latest answer

Mostly. It can't be generalized however. As you progress further in your course / studies, you will discover better.

Reetikaa R

CA Final

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3

421

Account

answered on 07-Mar-21 23:40

Purchases account is real or nominal ...in module it is written as real nd somewhere nominal and purchase return also

latest answer

Thank you so much...

Amisha Mahajan

CA Foundation

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6

516

Account

answered on 07-Mar-21 18:05

Bank is which type of account plz explain

latest answer

Personal Account

Amisha Mahajan

CA Foundation

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1

368

Concepts

answered on 07-Mar-21 17:43

Are concepts n principles the same ??

latest answer

https://resource.cdn.icai.org/61787bos50279-cp1-u2.pdf Page 1.24 Section 2.4 Last para

Reetikaa R

CA Final

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1

531