Forums

Depreciation

Accountancy

answered on 09-Dec-20 15:49

In the chapter preparation of Financial Statements, illustration 1: Why Depreciation calculated on Cost of plant and Machinery of Rs.760 @ 10%? I think it should be calculated on W.D.V i e . Cost- Accumulated depreciation?

latest answer

Its given in the question that 10% of depreciation is on cost.

manasa preeshma

manasa preeshma

CA Inter

2K+

1

630

Adv accounting

Accountancy

answered on 08-Dec-20 11:08

I could attempt only for 70 marks, sir.Would it affect my performance.

latest answer

If you could do 70-80% correctly, you will score 50-55

Sajan Gangadharan

Sajan Gangadharan

CA Final

9K+

1

535

Working Notes.

Accountancy

answered on 08-Dec-20 11:09

1) Does working Notes carry marks, would they reduce marks if we computed the Answer by mind calculation and wrote without working notes? 2) Is working notes required for all adjustments we do? 3) would they reduce marks if we write working Notes directly in the Answer by putting(Add, Less...); Instead of writing it separately under working notes.

latest answer

1. Working notes carry marks. 2 & 3Simple working notes can be given in main solution (like 10% of 10,000 = 1,000)

ALDRIN G

ALDRIN G

CA Inter

12K+

1

539

Presentation in exam

Accountancy

answered on 08-Dec-20 11:15

Sir, what are sums can we do in horizontal order? Only subsidiary and cash book?

latest answer

`You can do any sum in horizontal order.

Vani

Vani

CA Foundation

2K+

2

594

W/N

Accountancy

answered on 07-Dec-20 15:43

Sir are the working notes important in exams fir us to show our calculations or without them we cam show the calc. In the accounts only?

latest answer

Working notes are important. They carry marks.

Yash Anand Sharma

Yash Anand Sharma

CA Foundation

2K+

1

554

Adv accountig exam review

Accountancy

answered on 07-Dec-20 15:43

Whether step Marks would be given

latest answer

Yes.

Sajan Gangadharan

Sajan Gangadharan

CA Final

9K+

2

536

Partnership

Accountancy

answered on 07-Dec-20 15:47

Can anyone tell the goodwill adjustment and sacrificing nd gaining ratio of partners

latest answer

Yeah done!!

aishwariya  P

aishwariya P

CA Inter

180

2

527

Query

Accountancy

answered on 07-Dec-20 16:22

Where can I access course content ??

latest answer

It covers Departmental Accounts as per Study Material.

Reetikaa R

Reetikaa R

CA Final

7K+

5

575

Partnership accounts

Accountancy

answered on 07-Dec-20 18:41

Here they have credited partners capital account under the head goodwill why is it so??? Arundhati supposed today bit the incoming partner? Why?

latest answer

Yes but we are not supposed to show the amount of goodwill under the head GOODWILL and here they have used the name goodwill

Ram Shete

Ram Shete

CA Inter

2K+

2

572

Promoter stake holding

Accountancy

answered on 07-Dec-20 16:41

Sir/mam.. if authorised share capital is 100cr ..company xyz came with ipo for 80cr ..then what will be the % of promoter stake holding in xyz company ....how it is calculated... If 80cr also get subscribed ...

latest answer

No

Shreesha .T.u

Shreesha .T.u

CA Foundation

2K+

4

563