Forums
Banking company
Accountancy
answered on 04-Jun-21 07:43
Statutory liquidity ratio applicable for may 2021
latest answer
18%
sabarish s
CA Final
★ 2K+
1
588
Final Accounts
Accountancy
answered on 05-Jun-21 10:06
Is the solution given is wrong? Because of 5%of â?¹1400000 instead of 5%of â?¹1500000
latest answer
Provision = (Trade receivables - Bad debts) x Provision rate = (15,00,000 - 1,00,000) x 5% = 70,000
Gopal Garg
CFA L1
★ 5K+
5
740
insurance claim for loss
Accountancy
answered on 04-Jun-21 09:31
Is it compulsory to use Memorandum trading a/c to compute value of goods before fire(closing stock), or can we use any method(using statement of valuation of closing stock) to compute closing stock. if so, how to know which method is appropriate?
latest answer
Not compulosry. Statement can also be used. But Trading A/c is preferred as chances of errors are less. Happy studying!
ALDRIN G
CA Inter
★ 12K+
1
549
Doubt
Accountancy
answered on 03-Jun-21 12:48
On redemption of debentures with premium , we would write of the premium on the year of issue itself but in this sum they have redeemed it on the year of redemption why ?
latest answer
Ok sir
Sri kanaga Varshini
CA Final
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2
574
Doubt
Accountancy
answered on 03-Jun-21 13:28
Sir Here how to find the no. Of bonds as per the cum interest... Iam not getting that. Please help me out
latest answer
Okay, great. Happy studying!
Anirudh gupta
CA Inter
★ 27K+
3
563
Work in progress
Accountancy
answered on 03-Jun-21 10:48
Generally what is the Work in Progress in case of service providers?
latest answer
Ok sir
bsai partish
CA Final
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2
624
Preparation of financial statements
Accountancy
answered on 02-Jun-21 22:09
Sir in this example interest on debentures is taken into profit and loss account but why we didn't take interest on preference shares?
latest answer
Thank you sir
Balamurugan V
CA Final
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4
646
Branch accounts
Accountancy
answered on 03-Jun-21 14:46
In illustration 4 of video, Trading account of branch is prepared at invoice price (I.e.) Cost + profit of HO because the invoice price is the cost to the branch. But in Illustration 8, trading account of branch is prepared on cost. On what basis it is solved like that? What is the point to observe?
latest answer
Thank you sir
Nivedha Balaji
CA Final
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4
641
Preparation of financial statements
Accountancy
answered on 02-Jun-21 18:58
Sir , we have provision for depreciation in trail balance but why we didn't take that item into balance sheet? ( Illustration 1 of indigolearn lectures)
latest answer
Thank you sir
Balamurugan V
CA Final
★ 52K+
2
604
AS 5
Accountancy
answered on 03-Jun-21 10:09
Can anyone explain how it is treated as prior period item? What is the error or omission in this case?
latest answer
The final bill must be accounted in the year 20X8 but it was not accounted. Since it was accounted in 20X9, it is considered as prior period item because of ommission
Himanshu Somani
CA Final
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1
703