Forums
Query
Accountancy
answered on 18-Dec-20 14:45
Do we consider implicit cost in accounting??
latest answer
If paid, its not implicit.
Reetikaa R
CA Final
★ 7K+
3
530
Doubt
Accountancy
answered on 18-Dec-20 21:51
Sir the problem is the answer given in attachments are correctly done sir Sir if I am wrong please suggest me sir
latest answer
They gave from Jan-Dec of each year.
sai t
CA Foundation
★ 2K+
3
439
Average Due Date
Accountancy
answered on 21-Dec-20 16:08
Hello sir. The attached question was solved in your course video. There are two discrepancies I want to reconcile. 1. It is said that when the amount is not repaid at the end of the year, then both the borrowed date and the last date should be taken into account. If you write a note stating that it is assumed to have been paid at the end, then last date need not be taken into account. The question in the book has not addressed this issue with a note but rather solved the problem by not accounting for the extra day. 2. For Drawings by B (by ADD method) the product÷amount, that is, 368000÷2800 comes to 131.42. It was rounded off to 132. Is this a rounding of error or is there some logic behind it.
latest answer
What is taught in class is more logical. You can write a note in the exams.
Raja Raman
CA Inter
★ 0
5
618
Amalgamation As14
Accountancy
answered on 16-Dec-20 12:03
In illustration 6 , Entries in purchasing company why we adopted Purchase method Even the issue is in form of equity shares ?
latest answer
You can use merger method as well.
M Naresh
CA Final
★ 3K+
1
541
Govt grant
Accountancy
answered on 15-Dec-20 20:04
Grant received from government in nature of promoter's contribution means?
latest answer
As investment. This is generally not required to be paid back.
Triveni Patil
CA Inter
★ 290
1
478
Query
Accountancy
answered on 26-Dec-20 17:28
Where should life insurance and income tax be recorded??
latest answer
Income tax paid by Firm. It will be shown in P&L
Reetikaa R
CA Final
★ 7K+
13
546
Departmental accounts
Accountancy
answered on 17-Dec-20 18:16
Please tell me how this transfer be recorded ADJUSTMENT (A) ONLY ??
latest answer
Expense on one side and income on other. The department using will show as expense. The department providing service will show as income. Expense Apartment - 120+80 Plot - 150+90 Income Apartment - 120+150 Plot - 80+90
Reetikaa R
CA Final
★ 7K+
3
521
Doubt
Accountancy
answered on 14-Jan-21 13:40
How was questions asked in CA Foundation accounts and law Nov 2020 paper is it easy or hard
latest answer
It was moderate ,it seems
sai t
CA Foundation
★ 2K+
1
536
Accounting standard 11
Accountancy
answered on 15-Dec-20 20:06
Will they ask such type of questions give below attachment
latest answer
They might ask.
Triveni Patil
CA Inter
★ 290
2
549
Partnership - Distribution of reserves.
Accountancy
answered on 17-Dec-20 13:09
Sir... If question tells..... value of assets and liabilities should remain unchanged.... In such case....reserves should be distributed or not?
latest answer
Unchanged
Girinath A
CA Inter
★ 765
2
532