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Doubt
Accountancy
answered on 25-Jan-21 20:20
I have a doubt in below screenshots in partners capital account on debit side from where 25,000 is getting from??
latest answer
Sir is it possible to take 4,40,000 directly
sai t
CA Foundation
★ 2K+
7
667
Propritorship
Accountancy
answered on 28-Jan-21 09:47
Preparing financials of proprietorship , last year its a partneship firm by constitution , how adjust the capital account & current account closing balances shown in last year balancesheet ?
latest answer
There will be some arrangement/agreement between the partners as to how it will be dissolved and converted.
Balamurali Unnithan M S
CA Inter
★ 3K+
9
686
Allocation of pre and post incorporation expense
Accountancy
answered on 23-Jan-21 18:47
Sir told that any expense for which the base of allocation is not certain must be allocated in time ration. Whatâ??s an example of such an expense whose allocation is not certain?
latest answer
Staff welfare expenses. The expenses may not be fixed per month.
Aman Mahajan
CA Final
★ 19K+
1
728
Fire insurance
Accountancy
answered on 26-Jan-21 15:51
How less expenses is less premium for insurance?? Pls explain
latest answer
Since insurance for loss of profit also covers standing charges, lower expenses declared means lower permium
Reetikaa R
CA Final
★ 7K+
7
672
Doubt
Accountancy
answered on 23-Jan-21 10:29
Can any one tell me how good will is calculated and how it was shared to partners for the given problem
latest answer
Goodwill appearing in balance sheet is written off as it should not appear in the books of new firm Goodwill in adjustments is passed through partner's capital account (1,00,000x1/5 = 20,000)
sai t
CA Foundation
★ 2K+
1
700
Exact question came in accounts paper today
Accountancy
answered on 21-Jan-21 19:39
In today's account paper, companies a/c question came exactly with some numerical changes, what our satya raghu sir taught us in illustrations.
latest answer
It was an emoji... But forgot that app doesn't support emojis...
Meda Jeevansai
CA Final
★ 21K+
3
760
Indigolearn is the BOON to Budding CA's!
Accountancy
answered on 21-Jan-21 21:28
Hello I'm Jeevan Sai, studying 12th class. Previously I was thinking to write Ca foundation in Nov 21. But after knowing this app by my sister who is doing Articles present. And listening the classes in Indigo Learn for 1 and half month Now i changed my decision to attempt for may 21 with full of confidence. This credits goes to our teachers only! They mainly focused on conceptual basis instead of telling formats and leaving. Now I am not going to my college and doing home study after purchasing course here! Thank you Indigolearn! :)
latest answer
Thank you for your blessings sir!
Meda Jeevansai
CA Final
★ 21K+
6
677
CFS
Accountancy
answered on 21-Jan-21 13:44
What are level 1 2 and 3 companies
latest answer
Enterprises are classified in different levels and labelled as level I, level II, level III companies. On the basis of this classification, accounting standards are applicable to the companies
Priyanka Udeshi
CFA L1
★ 14K+
2
746
Financial Statements of Companies
Accountancy
answered on 21-Jan-21 09:32
where to disclose "Preliminary Expense" if given in 1) Trail balance 2) P&L account ?
latest answer
Preliminary expenses are not shown in balance sheet. They are written off.
Sai Krishna
CA Final
★ 9K+
2
781
Calculation of new profit sharing ratio
Accountancy
answered on 20-Jan-21 17:41
How to calculate the new profit sharing ratio for the below problem
latest answer
Thanks for your suggestion bro
Meda Jeevansai
CA Final
★ 21K+
8
822