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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

Hrishikesh Ransing

CA Final

4K+

1

490

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

M Naresh

CA Final

3K+

2

483

Question 66

Accountancy

answered on 01-Jan-21 07:46

How cum ratios

latest answer

Ok ok got it

Triveni Patil

Triveni Patil

CA Inter

290

2

497

Cash book

Accountancy

answered on 05-Jan-21 13:05

Can we prepared double column cash book of cash and bank columns.

latest answer

Yes you can.

Pragati Maniyar

Pragati Maniyar

CA Inter

5K+

3

609

Cash basis or Due basis

Accountancy

answered on 04-Jan-21 15:43

Hi Sir , Prepare profit & loss account on cash basis or due basis ?

latest answer

Cash basis is simpler. For small businesses, it is easier.

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

8

545

Department accounts

Accountancy

answered on 12-Jan-21 18:56

In the 20th question ,how to find inter departmental transfer??

latest answer

Thank u sir

Reetikaa R

Reetikaa R

CA Final

7K+

11

565

Accounting pronouncements

Accountancy

answered on 24-Dec-20 19:07

What is use of accounting pronouncements. is it better to study accounting pronouncements or mod 1 of accounts?

latest answer

Module 1 is sufficient. You can read the pronouncements for indepth understanding.

Siva Kumar

Siva Kumar

CA Inter

715

1

492

Statement Of P&L

Accountancy

answered on 22-Dec-20 16:52

Sir, why we are not adding back "Non cash expenses" after PAT in statement of P&L as we do in FM ?

latest answer

Oh ok. Thankyou sir

Madhaan S

Madhaan S

CA Final

14K+

2

585

Npo

Accountancy

answered on 24-Dec-20 16:52

Sir in npo sums we have a example sum which done income and expenditure a/c in a different manner and not as shown in the material so can we do in the same way?

latest answer

What was different in the sum

Soumya A

Soumya A

CA Inter

20K+

7

628

Amalgamation

Accountancy

answered on 21-Dec-20 20:04

Sir , If it is a Absorption and satisfied 5 conditions of merger can we follow pooling of interest method ? Or If it is Absorption, External reconstruction or Amalgamation whatever it is follow pooling of interest if it satisfies 5 condition classification is Immaterial if it satisfies 5 conditions.. Explain it sir whether The classification is relevant or not for deciding the method

latest answer

Tq so much sir

M Naresh

M Naresh

CA Final

3K+

2

612