Forums
Internal reconstruction
Accountancy
answered on 05-Jan-21 18:06
In point (iv) the debenture holders agreed to take part of freehold property at agreed figures and why the remaining balances revalued sir
latest answer
NO worries.
makthala venkateswarlu
CA Foundation
★ 510
2
471
Subsidiary books
Accountancy
answered on 08-Jan-21 15:16
Sir as you know in purchase book we will record credit purchase .now if we give money to our creditor how to fix this in purchase book or what to do to eliminate that creditor from purchase book.
latest answer
Crystal Clear sir thanks you
Shreesha .T.u
CA Foundation
★ 2K+
4
565
Subsidiary books
Accountancy
answered on 05-Jan-21 15:43
Sir in real business world..if transaction are recorded in subsidiary book .should it again be recorded in journal..
latest answer
No. In real world, most companies use ERP and there is no concept of different set of books. You just do entry at one place and rest of the account posting is taken care of.
Shreesha .T.u
CA Foundation
★ 2K+
1
477
Accountancy
Accountancy
answered on 06-Jan-21 17:19
sir ,is GAAP is universally same ?
latest answer
US has a different GAAP as compared to India. So they may not be same.
Balaji R
CA Inter
★ 6K+
3
482
Doubt in investment accounts
Accountancy
answered on 04-Jan-21 23:20
The dividend is declared for yr ended 31.03. 2011 ...the shares were both on 15.4.2011 .....how in question the dividend of 7500 added to amount .....2012 dividend is only applicable for the shares right ??
latest answer
They have not made any fresh issue the shares were there in 2011 also so dividend will be paid for these shares also and as it is pre acquisition dividend it should be reduced from investment amt
Sachin M
CA Inter
★ 280
1
471
As2 conceptually what
Accountancy
answered on 04-Jan-21 15:43
Historical cost is 425000 and net realizable value is 425000 Inventory will be valued on at lower of the above cost on and NRV Now in this situation which is the most. Concept, Answer is 425000 but the first chance preference will be given to.
latest answer
It will be considered as being valued at cost.
Sultana Sultana
CA Inter
★ 245
1
488
Fr ind as 2 doubt. NEW MODULE FOR MAY 2021 ATTEMPT
Accountancy
answered on 30-Mar-21 15:51
Is ques. Meh 10,200 kha se aya..?? Please help
latest answer
Expected production is given.
himanshu sardana
CA Final
★ 0
3
523
Accountancy
Accountancy
answered on 10-Jan-21 16:36
Meaning of partnership Deed
latest answer
It is a document contains all the terms and conditions between the parties when enter in to business.
Ashutosh shriwas
CA Inter
★ 0
3
495
Bank reconciliation statement
Accountancy
answered on 02-Jan-21 12:31
If overdaraft as per pass book is given what should be treatment of dividend collected by bank 600 was recorded in passbook as 60 and cash book credited as 650. (mistake is in both cash book as well as passbook too)
latest answer
Think of it as two independent errors and adjust accordingly.
Hrishikesh Ransing
CA Final
★ 4K+
1
477
Amalgamation
Accountancy
answered on 02-Jan-21 13:22
Sir in case of Amalgamation in nature of merger 1)can we give preference share holders in cash Or entire Either equity or preference should be in form of shares only. 2)for calculation of 90% in Second condition can we include preference shareholders sir Or only Equity shareholders form part of the 90% calculation..
latest answer
To check amalgamation in the nature of merger, you need to check equity shares only.
M Naresh
CA Final
★ 3K+
2
463