Forums
Partnership accounts
Accountancy
answered on 12-Dec-20 22:40
Sir.... Why we should not charge interest on the drawings 40,000?
latest answer
Welcome It also helps me to recall the previous concepts
Girinath A
CA Inter
★ 765
12
583
Query
Accountancy
answered on 11-Dec-20 15:47
In dept accounts,,will electricity expenses not come in trading account ??if yes ,whyy
latest answer
Indirect.
Reetikaa R
CA Final
★ 7K+
3
496
Piecemeal distribution of cash
Accountancy
answered on 12-Dec-20 05:30
Which is paid first realisation expenses or income tax ?
latest answer
Realisation expenses.
Hrishikesh Ransing
CA Final
★ 4K+
2
642
Coupon 20 per discount
Accountancy
answered on 09-Dec-20 18:00
Sir is this dec 20 code is applicable for Individual chapters! I tried to apply dec 20 but its not working!
latest answer
It is only for full subjects / groups not on individual chapters
Ramesh Ramesh
CA Inter
★ 5
1
2K+
Bank reconciliation statement
Accountancy
answered on 31-Dec-20 10:43
Sir ,How we treat the below adjustment in Bank reconciliation statement?...when starting is overdraft as per cash book. The debit balance in the cash book of Rs. 4,100 was brought forward as a credit balance
latest answer
Question with answer
Harshavardini K B
CA Inter
★ 6K+
12
636
AS -10 PP&E
Accountancy
answered on 09-Dec-20 19:01
Dear Sir , I Have one doubt in concept "should depreciation be always debited " in AS - 10 ..... The example as you said if a machinery is bought for the construction of another asset say some building then the machine 's depreciation should be capitalized ........ If the bought machine is mixture machine for construction of the building purpose the mixture machine is ready for its intended use itself mixing the cement with gravels for construction work, then why its depreciation need to be capitalized on another asset .......
latest answer
Thank you sir
Thigazholie Djeasander
CA Inter
★ 130
2
537
Inventory
Accountancy
answered on 09-Dec-20 15:59
If the question says the physical inventory at 15 Apr 2020 and we are to find value of stock at 31 March 2020, should we find PHYSICAL inventory or PERIODIC (book value) inventory?
latest answer
No
Aman Mahajan
CA Final
★ 19K+
3
575
Rectify
Accountancy
answered on 08-Mar-22 11:54
Purchase of furniture on credit from Nigam for 3000 posted to Shubham as 300
latest answer
While posting for the 1st time...they only debited 300 for furniture. But the value of furniture is 3000 so we have to debit 2700. Then only furniture a/c will be in correct value...
Aman Mahajan
CA Final
★ 19K+
10
2K+
Rectification
Accountancy
answered on 08-Dec-20 17:42
If we get a question to rectify entries in subsequent periods, then where will the balance of P&L Adjustment be transferred?
latest answer
Transfer to capital a/c
Aman Mahajan
CA Final
★ 19K+
1
526
Partnership accounts
Accountancy
answered on 08-Dec-20 21:05
How to find percentage of normal profit in this sum?
latest answer
Market return and risk return added 10+2
vidhya ayyarappan
CA Inter
★ 5K+
1
523