Forums
Financial statement
Accountancy
answered on 03-Apr-21 11:15
In topic managerial remuneration Why reserves are not deducted for the calculation of managerial remuneration
latest answer
Reserves are an appropriation of profit, that is once profit is made, certain sums are transferred to Reserves.
Kanaga Mani
CA Inter
★ 3K+
1
548
Investment accounting
Accountancy
answered on 03-Apr-21 11:23
Sir in the next year i.e for FY 2022-2023 lets say if company decides to declare dividend of 10000 then how it will shown in books of sundar because for first 6 months shares are hold by some other person n for remaining 6 months it is held by sundar
latest answer
It will be income of the recipient.
kunal mundada
CA Final
★ 25K+
1
625
Doubt
Accountancy
answered on 14-Apr-21 11:25
Why is it revenue transaction? Y can't it be capital transaction
latest answer
Yes. Revenue expenditure
Meda Jeevansai
CA Final
★ 21K+
20
721
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
575
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
542
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
494
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
570
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
504
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
806
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
463