Forums
Fire insurance
Accountancy
answered on 28-Jan-21 16:22
In video 19 , in the question there s a table right .in that , wat do we call â?¹1270000?? Sir calls it adjusted annual turnover .but why ?? It s standard turnover right ??
latest answer
will rectify the mistake
Reetikaa R
CA Final
★ 7K+
1
537
difference between periodic and perpetual inventory system
Accountancy
answered on 26-Jan-21 23:57
why do we say that perpectual inventory system is costlier than periodic system , periodic system requires more employees to physically measure goods
latest answer
Perpetual inventory system uses digital technology to track inventory which is more expensive compared to labour in periodic inventory system. Also, the perpetual system is adopted by large businesses
nisam M
CA Final
★ 23K+
1
586
Doubt
Accountancy
answered on 26-Jan-21 14:34
Can any one suggest me how to solve 9 mcq
latest answer
Yes bro
sai t
CA Foundation
★ 2K+
3
454
Profit prior to incorporation
Accountancy
answered on 25-Jan-21 18:32
In this chapter, we usually come across cases when a company takes over a firm or a sole proprietorship. What about a company taking over another company? Can there be profit prior to incorporation in this case?
latest answer
That is a case of Merger/Amalgamation. You will learn this in advanced accounting.
Aman Mahajan
CA Final
★ 19K+
1
514
Doubt
Accountancy
answered on 25-Jan-21 20:20
I have a doubt in below screenshots in partners capital account on debit side from where 25,000 is getting from??
latest answer
Sir is it possible to take 4,40,000 directly
sai t
CA Foundation
★ 2K+
7
522
Propritorship
Accountancy
answered on 28-Jan-21 09:47
Preparing financials of proprietorship , last year its a partneship firm by constitution , how adjust the capital account & current account closing balances shown in last year balancesheet ?
latest answer
There will be some arrangement/agreement between the partners as to how it will be dissolved and converted.
Balamurali Unnithan M S
CA Inter
★ 3K+
9
558
Allocation of pre and post incorporation expense
Accountancy
answered on 23-Jan-21 18:47
Sir told that any expense for which the base of allocation is not certain must be allocated in time ration. Whatâ??s an example of such an expense whose allocation is not certain?
latest answer
Staff welfare expenses. The expenses may not be fixed per month.
Aman Mahajan
CA Final
★ 19K+
1
532
Fire insurance
Accountancy
answered on 26-Jan-21 15:51
How less expenses is less premium for insurance?? Pls explain
latest answer
Since insurance for loss of profit also covers standing charges, lower expenses declared means lower permium
Reetikaa R
CA Final
★ 7K+
7
541
Doubt
Accountancy
answered on 23-Jan-21 10:29
Can any one tell me how good will is calculated and how it was shared to partners for the given problem
latest answer
Goodwill appearing in balance sheet is written off as it should not appear in the books of new firm Goodwill in adjustments is passed through partner's capital account (1,00,000x1/5 = 20,000)
sai t
CA Foundation
★ 2K+
1
565
Exact question came in accounts paper today
Accountancy
answered on 21-Jan-21 19:39
In today's account paper, companies a/c question came exactly with some numerical changes, what our satya raghu sir taught us in illustrations.
latest answer
It was an emoji... But forgot that app doesn't support emojis...
Meda Jeevansai
CA Final
★ 21K+
3
599