Forums
Query
Accountancy
answered on 26-Dec-20 17:28
Where should life insurance and income tax be recorded??
latest answer
Income tax paid by Firm. It will be shown in P&L
Reetikaa R
CA Final
★ 7K+
13
739
Departmental accounts
Accountancy
answered on 17-Dec-20 18:16
Please tell me how this transfer be recorded ADJUSTMENT (A) ONLY ??
latest answer
Expense on one side and income on other. The department using will show as expense. The department providing service will show as income. Expense Apartment - 120+80 Plot - 150+90 Income Apartment - 120+150 Plot - 80+90
Reetikaa R
CA Final
★ 7K+
3
684
Doubt
Accountancy
answered on 14-Jan-21 13:40
How was questions asked in CA Foundation accounts and law Nov 2020 paper is it easy or hard
latest answer
It was moderate ,it seems
sai t
CA Foundation
★ 2K+
1
855
Accounting standard 11
Accountancy
answered on 15-Dec-20 20:06
Will they ask such type of questions give below attachment
latest answer
They might ask.
Triveni Patil
CA Inter
★ 290
2
825
Partnership - Distribution of reserves.
Accountancy
answered on 17-Dec-20 13:09
Sir... If question tells..... value of assets and liabilities should remain unchanged.... In such case....reserves should be distributed or not?
latest answer
Unchanged
Girinath A
CA Inter
★ 765
2
745
Partnership - Revaluation and Memorandum revaluation
Accountancy
answered on 15-Dec-20 04:58
Sir... Let.. Old partner be A,B Incoming partner C Asset value before admission is 1L Current market value of that asset is 1cr. Admission of C happens Revaluation is made only because C should not enjoy the profits...... Upto this understood..... My doubt: If the Question tells that "value of assets and liabilities should remains unchanged" Is that means the incoming partner is having also having right to enjoy the profits arising out of the increase in value of land?
latest answer
When value is not changed, the incoming partner bears a part of the revaluation profits. Credited to old partners in Old PSR Debited to old+new in new PSR.
Girinath A
CA Inter
★ 765
1
654
Dept accounts
Accountancy
answered on 17-Dec-20 18:12
In video 3 ,y have u taken 1500000 as total sales and not sales Ã?units ???
latest answer
Can you elaborate your question?
Reetikaa R
CA Final
★ 7K+
1
647
Query
Accountancy
answered on 17-Dec-20 18:17
If expense ratio ,on wat basis should it be calculated: sales ratio or equally ???
latest answer
If on expense ratio, it has to be done on the basis of ratio of expense.
Reetikaa R
CA Final
★ 7K+
5
638
Query
Accountancy
answered on 15-Dec-20 05:02
Is this covered in ur dept account videos ?? ToPIC :: INTER DEPARTMENTAL TRANFER AT MARKET PRICE ??
latest answer
Full chapter is covered.
Reetikaa R
CA Final
★ 7K+
1
729
Cash flow statement
Accountancy
answered on 15-Dec-20 05:02
Why is premium on redemption of preference shares added to net profit in some problems and not added in some problems
latest answer
Can you share the question.
Gvs Shekhar
ACCA Skill
★ 17K+
1
718