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Query
Accountancy
answered on 15-Dec-20 05:05
We don't have journal entries in dept accounts in our syllabus or in real life itself ????
latest answer
When you visit a store, the person at counter scans a bar code and generates invoice. If the invoice system is linked to accounting system, the entry for sale and updation of inventory happens automatically.
Reetikaa R
CA Final
★ 7K+
3
609
Query
Accountancy
answered on 14-Dec-20 17:22
In departmental accounts,to find profit on closing stock ,2800 if gp ratio is 22.92%,can I fo this way ?? 2800 * 22.92 ÷ 122.92
latest answer
Then your approach is right.
Reetikaa R
CA Final
★ 7K+
3
665
Partnership accounts
Accountancy
answered on 12-Dec-20 22:40
Sir.... Why we should not charge interest on the drawings 40,000?
latest answer
Welcome It also helps me to recall the previous concepts
Girinath A
CA Inter
★ 765
12
710
Query
Accountancy
answered on 11-Dec-20 15:47
In dept accounts,,will electricity expenses not come in trading account ??if yes ,whyy
latest answer
Indirect.
Reetikaa R
CA Final
★ 7K+
3
579
Piecemeal distribution of cash
Accountancy
answered on 12-Dec-20 05:30
Which is paid first realisation expenses or income tax ?
latest answer
Realisation expenses.
Hrishikesh Ransing
CA Final
★ 4K+
2
752
Coupon 20 per discount
Accountancy
answered on 09-Dec-20 18:00
Sir is this dec 20 code is applicable for Individual chapters! I tried to apply dec 20 but its not working!
latest answer
It is only for full subjects / groups not on individual chapters
Ramesh Ramesh
CA Inter
★ 5
1
2K+
Bank reconciliation statement
Accountancy
answered on 31-Dec-20 10:43
Sir ,How we treat the below adjustment in Bank reconciliation statement?...when starting is overdraft as per cash book. The debit balance in the cash book of Rs. 4,100 was brought forward as a credit balance
latest answer
Question with answer
Harshavardini K B
CA Inter
★ 6K+
12
731
AS -10 PP&E
Accountancy
answered on 09-Dec-20 19:01
Dear Sir , I Have one doubt in concept "should depreciation be always debited " in AS - 10 ..... The example as you said if a machinery is bought for the construction of another asset say some building then the machine 's depreciation should be capitalized ........ If the bought machine is mixture machine for construction of the building purpose the mixture machine is ready for its intended use itself mixing the cement with gravels for construction work, then why its depreciation need to be capitalized on another asset .......
latest answer
Thank you sir
Thigazholie Djeasander
CA Inter
★ 130
2
664
Inventory
Accountancy
answered on 09-Dec-20 15:59
If the question says the physical inventory at 15 Apr 2020 and we are to find value of stock at 31 March 2020, should we find PHYSICAL inventory or PERIODIC (book value) inventory?
latest answer
No
Aman Mahajan
CA Final
★ 19K+
3
687
Rectify
Accountancy
answered on 08-Mar-22 11:54
Purchase of furniture on credit from Nigam for 3000 posted to Shubham as 300
latest answer
While posting for the 1st time...they only debited 300 for furniture. But the value of furniture is 3000 so we have to debit 2700. Then only furniture a/c will be in correct value...
Aman Mahajan
CA Final
★ 19K+
10
2K+