Forums
Buyback
Accountancy
answered on 30-Mar-21 11:01
Why is Other Current Liabilities considered while calculation of debt? Please explain this part
latest answer
Debt for the purpose of Debt-equity ratio test, includes both long-term and short-term debt
Priyanka Udeshi
CFA L1
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626
ESOP
Accountancy
answered on 30-Mar-21 10:51
In this question why only entries for exercise period is passed Shouldn't we pass entry on 31.3.X1 as the year end is before the excercise period? Please explain this sum
latest answer
The question is only asking for journal entries for the year ended 31.3.20X2
Priyanka Udeshi
CFA L1
★ 14K+
1
966
cash flow
Accountancy
answered on 29-Mar-21 19:33
when to use direct and indirect method in cash flow ? how to differentiate
latest answer
thank you
Prasanna Venkatesan
CA Final
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3
566
BRS
Accountancy
answered on 29-Mar-21 19:41
Can anyone explain the 1th ,4th and 8th adjustment?
latest answer
Thank you sir:)
Meda Jeevansai
CA Final
★ 21K+
2
864
Mcq
Accountancy
answered on 28-Mar-21 22:37
I think it s journal proper.but in given as cash book.QUESTION 6
latest answer
The journal entries are wrong. It is : Cash a/c dr. Discount allowed a/c dr. To debtor a/c You will allow cash discount only when debtor is making you the payment.
Reetikaa R
CA Final
★ 7K+
5
763
Freight charged
Accountancy
answered on 28-Mar-21 14:25
Freight charged by creditor is payable immediately right .then how come it s shown in creditor account
latest answer
When frieght charges paid immediately then, Frieght charges A/C Dr **** To Cash **** Here we don't write creditor A/C
Reetikaa R
CA Final
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1
613
Buyback
Accountancy
answered on 28-Mar-21 08:06
In buyback why do we credit Equity shares buy back a/c? Can we not credit Equity share holders a/c similar to what was done in case of redemption of pref shares?
latest answer
yeah you can , but for the understand you done a buy back , you better credit buy back a/c in second entry you can credit equity SH a/c i.e equity buy back a/c dr to equity sh a/c and in next entry you can credit bank a/c
Priyanka Udeshi
CFA L1
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1
588
Loss of profic
Accountancy
answered on 29-Mar-21 13:56
How to find un-insured standing charges in below sum and how much?
latest answer
It's my pleasure
Star Ca
CA Inter
★ 3K+
5
601
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
527
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
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2
571