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Balance sheet
Accountancy
answered on 03-Dec-20 09:13
Is it necessary to follow order of permanence or liquidity in the balance sheet (in exam). Can we list the items randomly?
latest answer
Try to follow to the extent possible.
Aman Mahajan
CA Final
★ 19K+
1
617
Normal Loss and Abnormal Loss
Accountancy
answered on 13-Sep-22 16:49
Raj of Gwalior consigned 15,000 kgs of Ghee at Rs. 30 per kg to his agent Siraj at Delhi. He spent Rs. 5 per kg as freight and insurance for sending the Ghee at Delhi. On the way 100 kgs. of Ghee was lost due to the leakage (which is to be treated as normal loss) and 400 kgs. of Ghee was destroyed in transit. Rs. 9,000 was paid to consignor directly by the Insurance company as Insurance claim. Siraj sold 7,500 kgs. at Rs. 60 per kg. He spent Rs. 33,000 on advertisement and recurring expenses. In this question, how will the value of abnormal loss be calculated? Will normal loss be deducted first or abnormal loss?
latest answer
Yes
Aman Mahajan
CA Final
★ 19K+
6
4K+
Depreciation
Accountancy
answered on 02-Dec-20 15:44
Sir.... In annuity method depreciation... Why we are debit-ing the interest account? What is the story behind? Please explain.....sir?
latest answer
Ok sir
Girinath A
CA Inter
★ 765
2
765
Format of BRS
Accountancy
answered on 02-Dec-20 14:55
Which format of BRS should be followed in exam? The 1st one or second one?
latest answer
Either is fine.
Aman Mahajan
CA Final
★ 19K+
1
981
ESOP
Accountancy
answered on 02-Dec-20 14:56
How can the company estimate today ,the furute market value of the Employee stock on the vesting date,in practically how can a company can estimate the market value of the Employee stock ?
latest answer
There are mathetical formulae which are used to estimate. Black scholes is one such model.
Paidala Harish
CA Final
★ 2K+
1
715
Doubt
Accountancy
answered on 02-Dec-20 07:47
Sir is it necessary to take 28 days in February if question is silent about it .? What if it is leap year
latest answer
You can take 29 days with an assumption.
Sri kanaga Varshini
CA Final
★ 3K+
1
739
Consignment
Accountancy
answered on 01-Dec-20 09:22
Why reduction of 10% in cost due to fall in market price is calculated on(20000+1100) and not on(30000+1100) ? What does 20000 specify in this answer?? Has attached question and solution below
latest answer
Valuation done at Invoice Price.
Pooja .
CA Final
★ 210
1
833
Final a/c
Accountancy
answered on 01-Dec-20 18:50
What will the effect of these adjustments on trading nd p&l a/c and balance sheet
latest answer
Yes
aishwariya P
CA Inter
★ 180
9
697
Banking companies
Accountancy
answered on 01-Dec-20 09:39
What % is to be used for CRR and SLR?
latest answer
CRR 3% SLR 18%
Gomathi K
CA Final
★ 40K+
1
664
AS 19
Accountancy
answered on 01-Dec-20 09:57
3rd one is it operating lease or finance ??
latest answer
Operating.
Mudassar Mahmood
CA Inter
★ 3K+
1
730