Forums
Standard
Accountancy
answered on 13-Nov-20 10:53
Sir plse provide separate module fr advance accounting standard to purchase (not individual module)
latest answer
Its not available till exams.
Nivetharaman Raman
CA Foundation
★ 11K+
3
508
Leap Year
Accountancy
answered on 13-Nov-20 09:18
If an year given in the question in Average due date or Account Current is a leap year, eg.2016. Do we need to consider it as leap year even if it is not specified in the question as leap year.
latest answer
Thank you Sir.
ALDRIN G
CA Inter
★ 12K+
5
567
Account Current.
Accountancy
answered on 13-Nov-20 20:47
1) In question, will they ask to do the Answer in a particular method of date calculation, Do we need to learn both methods of date calculation. 2) In backward method of date calculation, we should take the first transaction date or first due date,which one as base date. 3) Can backward method of date calculation be used in Interest method also or only in product method.
latest answer
OK sir
ALDRIN G
CA Inter
★ 12K+
6
533
Doubt
Accountancy
answered on 12-Nov-20 21:22
Sir in this question they have asked for capital account . How capital will come in NPO.? What they are referring to ?
latest answer
Logic is same like that of NPO
Sri kanaga Varshini
CA Final
★ 3K+
6
540
Doubt
Accountancy
answered on 04-Dec-20 13:30
1)Can we write Working Notes first,then write Answer. I mean Working notes at Top and Answer subsequent to it. 2)Can we write working notes with Blue pen. 3)Can we write large Ledger A/c's horizontally.
latest answer
Pls use black ball pen
ALDRIN G
CA Inter
★ 12K+
3
621
Doubt
Accountancy
answered on 11-Nov-20 18:50
Sir in this point no.4 if I Dr. Naveen a/c instead of purchase account is it is wrong ?
latest answer
If earlier recorded as creditor for that amount ur opinion is correct. But logically if trade discount and cash discount given simultaneously it's reasonable to assume that immediate payment was inneciated and paid accordingly
Sri kanaga Varshini
CA Final
★ 3K+
3
614
Average due date
Accountancy
answered on 11-Nov-20 19:32
For calculation of interest on drawings in illustration 9 we have used months instead of days how can we know when to consider days and when months...calculation using months is very difficult
latest answer
You can do with either method.
Nandini S
CA Foundation
★ 1K+
1
491
In Amalgamation, can Goodwill and Capotal Reserve be Netted off?
Accountancy
answered on 11-Nov-20 17:08
If two companies were amalgamated to form a new company and the amalgamation was in the nature of purchase and the result of purchasing one company was goodwill and that of another was Capital Reserve. So, as per AS 14, can these resultant goodwill and Capital Reserve be netted off in the transferee's books? like this author has done in the image below
latest answer
Thank you
Kumarjit Dey
CA Inter
★ 4K+
3
987
An imp Question from Internal Reconstruction
Accountancy
answered on 11-Nov-20 13:04
Can you please explain why they calculated Profit on revaluation this way? ( 1st pic) (Q in 2nd pic) I have also solved in a way it felt correct. Please tell me why my calculation is wrong. This is one of the most important sums from this easy chapter, from which If questions come I dont want to lose marks.
latest answer
Yes..tq for ur understanding
Kumarjit Dey
CA Inter
★ 4K+
7
650
Accounting standards
Accountancy
answered on 10-Nov-20 17:43
Is AS 11,13 covered in respective chapters or should be seen in separate classes provided
latest answer
Ok sir Thank you
Lakshmipathirao Tantravahi
CA Inter
★ 0
2
483