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Bills receivable and payable
Accountancy
answered on 26-Mar-21 18:03
Sir, Can you please explain the concept of bills receivable, payable, discounted and dishonored?
latest answer
Check the bills of exchange chapter in CA foundation accounts
Nivedha Balaji
CA Final
★ 9K+
1
410
Accounts from incomplete records
Accountancy
answered on 26-Mar-21 13:43
If a question has sales and purchase returns, whether we can assume it as credit sales and purchase returns?
latest answer
Thank you sir
Nivedha Balaji
CA Final
★ 9K+
2
482
Final account
Accountancy
answered on 30-Mar-21 14:23
Shay's current account means what where can we post it
latest answer
Thank you
Shizuoka CA
CA Inter
★ 580
3
521
Is this an asset ?
Accountancy
answered on 26-Mar-21 14:15
What if I buy a bike and use it just for riding in streets for relaxation purpose ... Is this an asset since it has not generated any future economic benefits to me ?
latest answer
Great ... Thank you sir ð???
Deepak Raja
CA Final
★ 1K+
2
440
Provision for depreciation
Accountancy
answered on 26-Mar-21 12:21
If there is any balance in provision for depreciation account Do we deduct such depreciation along with current year depreciation from asset bal while preparing balance sheet
latest answer
Thank you very much sir.. Such a clear explanation..
Sai Teja
CA Final
★ 14K+
11
480
Accounting standards
Accountancy
answered on 25-Mar-21 13:19
Dear sir, Regarding Accounting, AS-10-Video 15," As Mining, Oil, Natural gas and similar assets are wasting assets and AS-10 is not applicable for this" is what sir taught, then Why are we saying that part AS-10 and part AS-2 apply for that Oil and Gas question.
latest answer
Thankyou sir.
Madhaan S
CA Final
★ 14K+
2
526
Consolidation of financial statements
Accountancy
answered on 25-Mar-21 12:22
In practice problem 4 . In video for dividend of 20000 is added to post acquisition of 52000 then 72000 came . And then sir deducted 20000 from pre aquisition profit after time adjustment and the value came to 146000 .. instead of that can we deduct 20000 from pre acquisition ie 30000 -20000 =10000 before time adjustment then post acquisition column would be 72000 (10000-82000) .. Can we do like this . Please reply I am fully confused ..
latest answer
Thank u mam now cleared my doubt
Enuguru Sai Nithin
CA Final
★ 78K+
6
480
Redemption of debentures
Accountancy
answered on 25-Mar-21 10:58
Whether % of DRR and DRR investment to be calculated on FV of debentures or amt to be paid to debenture holders?
latest answer
Face value of debentures !
Nivedha Balaji
CA Final
★ 9K+
1
460
Consignment
Accountancy
answered on 25-Mar-21 17:32
Can you explain how to compute unsold stock here?
latest answer
Understood sir
siva chaitanya
CA Final
★ 13K+
9
508
Buy back of securities
Accountancy
answered on 24-Mar-21 10:10
Sir in illustration 1, we haven't created CRR because we have bought back shares with the proceeds of fresh issue of shares But in ICAI material they have created CRR to the extent of shares bought back i.e, Rs.600000. which one to follow?
latest answer
Which video are you referring to?
Rithani R.C
CA Inter
★ 4K+
2
458