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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
736
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
791
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
701
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
784
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
812
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
864
Debentures
Accountancy
answered on 20-Jan-21 13:15
Where to show debentures in balance sheet?
latest answer
Yes
Indhumathi M S
CA Final
★ 7K+
3
736
Buyback
Accountancy
answered on 20-Jan-21 19:09
In share outstanding test = 25 percent of outstanding shares know sir . Can we consider preference shares also sir .
latest answer
yes
M Naresh
CA Final
★ 3K+
1
668
Request to SURAJ LAKHOTIA sir
Accountancy
answered on 20-Jan-21 19:07
Hello sir! Im Jeevan. Its my humble request that plz give some motivational speeches and the story behind your success! And share your strategies in studying Sir! You and Sathya raghu Sir is my inspiration!
latest answer
Thanks a lot for your valuable reply sir! Its means a lot to me sir!
Meda Jeevansai
CA Final
★ 21K+
2
664
Accounts
Accountancy
answered on 19-Jan-21 08:36
Sir, is this statement true or false
latest answer
Yes, Provision for bad debts is debited to Profit and loss Account, in Balance Sheet it is shown either on liability side or deducted from the head Debtors.
siva chaitanya
CA Final
★ 13K+
2
768