Forums
Fainal account
Accountancy
answered on 02-Apr-21 08:27
In fainal account why we put adjustment profit and loss account as well as Balance sheet.
latest answer
Double entry impact
subham sahoo
CA Foundation
★ 270
1
535
Recertification entry
Accountancy
answered on 01-Apr-21 23:07
Won't this omission be shown in cash book after knowing ?? In book ,it s shown only in discount allowed account.
latest answer
Sorry wrongly posted, no answer required
Reetikaa R
CA Final
★ 7K+
1
502
Doubt
Accountancy
answered on 02-Apr-21 14:42
Sir Cogs=os+purchases-closing stock -sales Or below screenshot is correct please advise me sir
latest answer
Refer to page no 7.6
sai t
CA Foundation
★ 2K+
15
459
Doubt
Accountancy
answered on 02-Apr-21 22:21
I couldn't get the answer for the adjustment encircled(in image) ,I got ans as 18000 but it is 20000 pls help me to get clarity
latest answer
Ok sir now I understood thank u
Sri kanaga Varshini
CA Final
★ 3K+
6
535
Journal
Accountancy
answered on 02-Apr-21 11:36
What is the entry for Cheque collected from Q â?¹500 and deposited for clearance
latest answer
Bank a/c Dr.. To Q's a/c
Reetikaa R
CA Final
★ 7K+
2
465
Statutory reserves
Accountancy
answered on 03-Apr-21 12:44
What is a statutory reserve and why cannot we create statutory reserves when two companies are amalgamated?
latest answer
Amalgamation adjustment reserve is debited to bring in the statutory reserves of the transferor company. There is no creation of statutory reserves, it is transferred as per the rule
Rithani R.C
CA Inter
★ 4K+
3
719
ACCOUNTING CONCEPTS
Accountancy
answered on 01-Apr-21 11:50
TYPE OF CONCEPTS
latest answer
1. Business Entity Concept 2. Money Measurement Concept 3. Dual Aspect Concept 4. Going Concern Concept 5. Accounting Period Concept 6. Cost Concept 7. The Matching Concept 8. Accrual Concept 9. Realization Concept
KARTHIKEYAN M
CA Inter
★ 12K+
1
437
Underwritting
Accountancy
answered on 01-Apr-21 14:19
Sir what is the meaning of this sentence given in the below attachment? Whether benefit of underwriting given or not? Whether firm underwriting includes in or not? Please explain it
latest answer
Yes, correct
Sajan Gangadharan
CA Final
★ 9K+
4
696
Accounting query
Accountancy
answered on 01-Apr-21 19:08
What entry should i made to increase sales by rs.4032 without increasing debtors and cash in hand should also be increased by that amount and closing stock should also decrease in tally??
latest answer
Assume that cost sales 4000 and profit is 42 - 1) 4000 increase in sales, 4000 reduced in closing stock and 32 will be shown in profit. 2) in balance sheet : Asset - closing stock (4000) and cash / debtors +4032. Liability- profit +32 The balance sheet talliedð???ð???
Aadip Mondal
CA Inter
★ 4K+
2
471
Redemption of debentures
Accountancy
answered on 31-Mar-21 15:55
In this interest on debentures is missing right??
latest answer
Yes you have to write assumption for that
GOKULA LAKSHMI
CA Final
★ 21K+
4
510