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Bills of exchange

Accountancy

answered on 16-Mar-21 12:00

Can you please explain this entry. How amounts are divided as 6,740 and 1,260.

latest answer

Thanks sir

siva chaitanya

siva chaitanya

CA Final

13K+

11

562

Ch 4 preparation of FS

Accountancy

answered on 15-Mar-21 20:25

Could u explain which AS is that....since in video, Sir includes the final dividend ...but in book they doesn't...so kindly explain the logic behind that

latest answer

Thankyou sir

GOKULA LAKSHMI

GOKULA LAKSHMI

CA Final

21K+

6

627

Banking companies

Accountancy

answered on 15-Mar-21 13:18

For banking companies in advanced accounts what is rate of crr and SLR for may 2021 ???

latest answer

SLR-18%, CRR-3% this was applicable as per the last RTP updated. For May-21 Let us wait for ICAI to release the new RTP

Enuguru Sai Nithin

Enuguru Sai Nithin

CA Final

78K+

2

709

TO and BY in the account

Accountancy

answered on 14-Mar-21 21:04

sir is it compulsory in CA exam to write TO IN debit side and by in credit side with respective account in the ACCOUNT ?

latest answer

ok sir

nisam M

nisam M

CA Final

23K+

5

622

Partnership A/C

Accountancy

answered on 13-Mar-21 16:51

Hello Sir/Mam When we do memorandum revaluation A/C , we should adjust the bal. Fig b/w the outgoing partner or incoming partner and existing partners. My question is Can we prepare memorandum revaluation A/C without any change in partnership?

latest answer

Ok mam :)

Meda Jeevansai

Meda Jeevansai

CA Final

21K+

2

544

Admission of partner

Accountancy

answered on 13-Mar-21 16:27

Why that entry (coloured part) has been passed in partner capital accounts

latest answer

It will tally. Increase in Bank by 25,000 and Beeta's capital by 25,000

siva chaitanya

siva chaitanya

CA Final

13K+

5

669

AS 2

Accountancy

answered on 12-Mar-21 22:04

In question 4 how we know that excise duty is at rs10/unit

latest answer

It got missed in the question. Please read it as : Purchase price includes an excise duty of Rs. 10 per kg in respect of which full CENVAT credit is admissible.

Agness Blessy

Agness Blessy

CA Final

2K+

3

639

Admission of partner

Accountancy

answered on 12-Mar-21 22:45

Why workman compensation fund is going to partners capital accounts

latest answer

Workmen Compensation is a type of insurance policy that safeguards an employee against any injury or death during the job time. By the statement "no actual liability" they mean, nothing from the fund was utilised to compensate any injury

siva chaitanya

siva chaitanya

CA Final

13K+

3

666

Treatment of goodwill in partnership accounts

Accountancy

answered on 13-Mar-21 16:27

This is illustration 11 sir. Can u explain (a) adjustment point

latest answer

Ok mam

siva chaitanya

siva chaitanya

CA Final

13K+

12

648

Employee stock option

Accountancy

answered on 12-Mar-21 11:20

In illustration 6 , the unvested options were reduced in that year itself but before this sums , instead of reducing the unvested options in the same when it was unvested ,we transferred them to general reserve of the next year. - can we do in both the manner?

latest answer

Yes. We can do either ways

venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Final

34K+

1

523