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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
814
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
789
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
773
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+
Rectification
Accountancy
answered on 08-Dec-20 17:42
If we get a question to rectify entries in subsequent periods, then where will the balance of P&L Adjustment be transferred?
latest answer
Transfer to capital a/c
Aman Mahajan
CA Final
★ 19K+
1
792
Partnership accounts
Accountancy
answered on 08-Dec-20 21:05
How to find percentage of normal profit in this sum?
latest answer
Market return and risk return added 10+2
vidhya ayyarappan
CA Inter
★ 5K+
1
664
Depreciation
Accountancy
answered on 09-Dec-20 15:49
In the chapter preparation of Financial Statements, illustration 1: Why Depreciation calculated on Cost of plant and Machinery of Rs.760 @ 10%? I think it should be calculated on W.D.V i e . Cost- Accumulated depreciation?
latest answer
Its given in the question that 10% of depreciation is on cost.
manasa preeshma
CA Inter
★ 2K+
1
864
Adv accounting
Accountancy
answered on 08-Dec-20 11:08
I could attempt only for 70 marks, sir.Would it affect my performance.
latest answer
If you could do 70-80% correctly, you will score 50-55
Sajan Gangadharan
CA Final
★ 9K+
1
743
Working Notes.
Accountancy
answered on 08-Dec-20 11:09
1) Does working Notes carry marks, would they reduce marks if we computed the Answer by mind calculation and wrote without working notes? 2) Is working notes required for all adjustments we do? 3) would they reduce marks if we write working Notes directly in the Answer by putting(Add, Less...); Instead of writing it separately under working notes.
latest answer
1. Working notes carry marks. 2 & 3Simple working notes can be given in main solution (like 10% of 10,000 = 1,000)
ALDRIN G
CA Inter
★ 12K+
1
809
Presentation in exam
Accountancy
answered on 08-Dec-20 11:15
Sir, what are sums can we do in horizontal order? Only subsidiary and cash book?
latest answer
`You can do any sum in horizontal order.
Vani
CA Foundation
★ 2K+
2
746