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BRS
Accountancy
answered on 18-Feb-21 07:24
A debit of Rs.11,00,000 appeared in the back statement for an "unpaid cheque" which, had been returned marked "out of date". The cheque had been re-dated by the customer and paid into bank again on 5th July 2019 Could you explain the statement sir?
latest answer
When a customer given a cheque of RS 11lakhs,you had debited bank a/c in your books,but the cheque is outdated(3months time period had lapsed).hence in bank statement there is no corresponding credit.Later the customer given you other cheque.
Harshavardini K B
CA Inter
★ 6K+
2
2K+
Partnership accounts
Accountancy
answered on 17-Feb-21 21:22
Why we cannot record cash and bank balance in new or revised balance sheet
latest answer
it means -50% of amount due to L paid off in cash -balance50% due to L is treated as the capital of N (New Partner )
siva chaitanya
CA Final
★ 13K+
1
813
Statement of Profit and Loss
Accountancy
answered on 17-Feb-21 16:37
What is the difference between CHANGES IN INVENTORY OF FINISHED GOODS and CHANGES IN INVENTORY OF Stock in trade??? Do we need to separately disclose changes in inventory for each of these??
latest answer
Thank You so much sir
James Js
CA Inter
★ 1K+
6
800
Going concern
Accountancy
answered on 18-Feb-21 11:15
Management's assessment of entity ability to continue as a going concern involves making a judgement about inherently uncertain future outcomes of events or conditions .what are the relevant factors of that judgement ? what is the answer of this question?
latest answer
For this answer you can see audit pronouncement book,SA 570 ,paragraph 5. There are 3 points in it.
Laxman kumar
CA Final
★ 4K+
1
591
When writing an answer for AS-4
Accountancy
answered on 17-Feb-21 11:11
Should the title be started with the word "Contingencies", or just Events Occurring after BS Date, since Contingencies have been moved to AS-29?
latest answer
Title should be as per the standard.
Kishore Anil
CFA L1
★ 2K+
1
563
Financial statements
Accountancy
answered on 17-Feb-21 11:03
Sir, one small doubt. How many pages we need to leave for Notes to Accounts if there is a working note in Notes to accounts???
latest answer
Thnq sir
James Js
CA Inter
★ 1K+
2
646
Insurance Claim
Accountancy
answered on 17-Feb-21 16:59
In Illustration 11 how do we get the amount of Uninsured Standing charges as 130000? There's no information given in the question regarding it and also in lecture no discussion was made on this point
latest answer
Thank you!!
Priyanka Udeshi
CFA L1
★ 14K+
9
898
S/P a/c to be used for premium on red of P.sh or not??
Accountancy
answered on 17-Feb-21 11:02
Can Security Premium A/c be used for writing off premium on redemption of Preference Shares? CA inter Grp-1 ICAI Study Mat. says they'll not use Security Premium a/c instead they have used P/L a/c.
latest answer
It wont be used.
Ishika Goel 282
CA Final
★ 3K+
1
806
CHANGES AND AMENDMENTS IN ICAI STUDY MODULES
Accountancy
answered on 17-Feb-21 14:23
how can we completely know the changes in new edition of study material from that of old? what are the amendments relevant for may 2021 exams?
latest answer
In free resources
Ali S
CA Final
★ 8K+
4
729
Single entry system
Accountancy
answered on 17-Feb-21 12:44
Debtors a/c dr. To freight a/c What is this entry for
latest answer
If you charge freight to customer.
Reetikaa R
CA Final
★ 7K+
3
745