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Notional expense or Loss
Accountancy
answered on 16-Apr-21 18:53
Is depreciation a notional expense?And Loss on sale of fixed asset is notional loss or not.if not, What should we call it.?
latest answer
Depreciation is operating expenses Loss on sale of fixed assets is non operating expenses
Pranav Connecting...
CA Inter
★ 4K+
4
916
Ca final -ind as 19
Accountancy
answered on 20-Apr-21 14:21
What is unamortized past service cost?
latest answer
Here it is a gain from curtailment and not a cost
Teena Goyal
CA Final
★ 0
7
981
AS 14
Accountancy
answered on 16-Apr-21 10:57
Sir /madam Please explain, the calculation of debentures
latest answer
Thanks a lot sir
Bliss Full
CA Inter
★ 580
2
562
Investment account
Accountancy
answered on 15-Apr-21 21:21
In the average cost how do we got average cost?
latest answer
Bonus shares have no cost. So, purchase amount is spread over total shares (Shares purchased + Bonus shares)
Sandhya K
CA Inter
★ 5
2
451
Investment accounts
Accountancy
answered on 15-Apr-21 18:17
How do we got the interest amt
latest answer
Interest will be paid half yearly on 31st of March and 30th of September. 1. On the date of purchase i.e. 1st December. 2 months interest got accrued. (October and November). Interest= 10 lakhs *12%*2/12 = Rs. 20,000 2. On the date of sale, i.e. 1st March. 5 months interest got accrued. (October, November, December, January and February) Interest= 10 lakhs *12%*5/12 = Rs. 50,000
Sandhya K
CA Inter
★ 5
1
464
Grossing up divided
Accountancy
answered on 15-Apr-21 16:47
Is there any changes in the rate of DDT ???? Which was 17.472 something...
latest answer
No longer applicable
thangam shiva
CA Inter
★ 10K+
2
526
Golden rule of accounting
Accountancy
answered on 15-Apr-21 14:15
For the 1st example the nature of account was mentioned as personal for both transactions but in the demo class they said real and person ... please do explain it
latest answer
Okkay ...
mifra tajroon
CA Inter
★ 10K+
7
609
Doubt
Accountancy
answered on 16-Apr-21 13:10
Sir Why expense payable not written in balance sheet but it is a liability
latest answer
Outstanding expense were unrecorded in the P&L due to which profit was understated. In the P&L adjustment a/c the brought down balance is before adjustment of expenses. Hence instead of 1,50,000 we have debited P&L with 1,80,000 and simultaneously corrected the profit. Fixed assets also have been adjusted with depreciation and closing balance is appearing in balance sheet
sai t
CA Foundation
★ 2K+
5
445
Consignment
Accountancy
answered on 13-Apr-21 19:21
Consignment to way a/c ......Dr. To goods sent on consignment.....why this account is credited . it is neither liability or income
latest answer
Pls refer to the explanation given in videos.
Shreesha .T.u
CA Foundation
★ 2K+
2
532
Consignment
Accountancy
answered on 12-Apr-21 21:56
In this photo why the account is credited
latest answer
Stock in the trading account get reduced when it is taken for consignment so to show that effect we credit the goods sent on consignment account.
Shreesha .T.u
CA Foundation
★ 2K+
1
609