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Adv accounting
Accountancy
asked on 06-Dec-20 13:26
Review of old sylabus paper
latest answer
No answers yet!!
Sajan Gangadharan
CA Final
★ 9K+
0
513
A request to those whose paper 8 is exempt and exams are over.
Accountancy
answered on 07-Dec-20 20:45
My Balance sheet for Amalgamation question did not tally. I want your help to point out where my mistake is. Please. This seemingly easy question gave me a sleepless night. I have attached my answer with workings for Question 3(a). Where is my mistake? How much marks can I expect out of 15?
latest answer
Sir, debentures of High Ltd. will be settled by way of 86.67 lacs and of Low Ltd. by way of 48.53 Lacs. Any cash to be paid to them for fractio of debentures or anything like that is required to affect cash outflow?
Kumarjit Dey
CA Inter
★ 4K+
7
590
Branch accounts
Accountancy
answered on 12-Dec-20 10:35
We can debit the discount and bad debts in branch expenses also na sir instead of directly posting to p&l.. Bcz in previous sum its done the same way
latest answer
Ok sir.
Shru Kanda
CA Inter
★ 610
7
551
Bank reconciliation statement
Accountancy
answered on 07-Dec-20 16:24
If such question comes in exam where balance as per cash book and passbook both are given and nothing is given about from whose perspective we have to to prepare BRS...... What should you we do should we consider it to prepare for trader or for Bank?
latest answer
Trader
Ram Shete
CA Inter
★ 2K+
3
534
Inventory valuation
Accountancy
answered on 09-Dec-20 15:42
Here half of the goods returned and other half not and as per sale on approval we have to show it as inventory.... My doubt is they have deducted it from sale and not added to inventory the for half of the value I am very confused abt the treatment will anyone explain in brief
latest answer
Yes.
Ram Shete
CA Inter
★ 2K+
6
528
Consignment
Accountancy
answered on 07-Dec-20 16:23
Why they didn't deduct insurance claim
latest answer
Pls refer to the video on abnormal for detailed explanation. It was covered in youtube live held on Friday as well. The cost of abnormal loss is excluded while computing consignment profit or loss and hence credited. Insurance loss is credited to the abnormal loss account.
aishwariya P
CA Inter
★ 180
4
566
Company accounts
Accountancy
answered on 05-Dec-20 11:00
Sir.... In this question.... At the time of forfeiture 2rs is credited to shares forfeited account.... My doubt:- But......while reissue....Why only 1rupee is debited to forfeited shares account....and why 1rupee is debited to discount account?
latest answer
Rs. 2 should be debited to forfeiture account.
Girinath A
CA Inter
★ 765
3
553
Sale on approval
Accountancy
answered on 05-Dec-20 10:42
How this illustration 2 : 31 St march in note 20 % is taken???
latest answer
20% of sale value = 25% of cost value
Hema Sree
CA Inter
★ 2K+
4
534
Branch accounts
Accountancy
answered on 12-Dec-20 05:29
Why have we recorded entries at invoice price.. There is no entry to reduce markup also y sir?
latest answer
Yes
Shru Kanda
CA Inter
★ 610
7
535
Ledger
Accountancy
answered on 05-Dec-20 11:02
In exam if we are asked to draw ledger accounts, and it is not year end, then should the nominal accounts be balanced or transferred to the Trading & P/L account?
latest answer
Transferred.
Aman Mahajan
CA Final
★ 19K+
3
535