Forums
Didn't get Ans.
Accountancy
answered on 15-Oct-20 19:58
Final accounts of Non-Manufacturing Entities. Practical question 1.
latest answer
Thank You Sir, I found out the mistake. The value of "intrest received" given in the question is wrong, I think so. It's given correctly in the Answer.
ALDRIN G
CA Inter
★ 12K+
2
522
What is provision for Depreciation?
Accountancy
answered on 14-Oct-20 17:58
1)What is Provision for Depreciation? 2)Why do we credit both provision for Depreciation and depreciation to the Asset ac. 3)What type of account is provision for Depreciation?
latest answer
Thank You Sir.
ALDRIN G
CA Inter
★ 12K+
2
762
Income &expenditure
Accountancy
answered on 14-Oct-20 09:02
What is meant by moving machine
latest answer
Something like crane or loader.
Gowshika LT
CA Final
★ 40K+
1
530
Joint venture
Accountancy
answered on 14-Oct-20 09:45
Memorandum method
latest answer
What is your doubt?
rakesh Kumar
CMA Foundation
★ 0
1
490
Couldn't understand Logic.
Accountancy
answered on 15-Oct-20 10:55
May 2020 Foundation exam question. 1)Couldnt understand the logic of depreciation in this question, especially of Furniture.
latest answer
Generally if it is mentioned that depreciation is to be provided or charge depreciation, the balance is before depreciation.
ALDRIN G
CA Inter
★ 12K+
11
611
Redemption of debentures
Accountancy
answered on 14-Oct-20 19:09
Sir , of debentures are going to redeem on 31 mar 2018 . We have to create only on preceeding financial year or Every year it is mandatory till the redemption.
latest answer
Thank you suraj sir
M Naresh
CA Final
★ 3K+
3
522
Two sums of similar nature solved differently in Banking Companies (ICAI Study Mat)
Accountancy
answered on 17-Oct-20 08:31
Requesting your attention to *Illustration 4 (Vaishnavi Bank) on Page 8.108 of Module 3 of ICAI- Advanced Accounting and * Question 5 (DVD Bank) on Page 8.122 of the same book. The treatment of overdraft against current account while being the same adjustment have been shown differently in both sums. I am attaching the photos of the relavant parts of the question and solution of both problems as given in the study material. Requesting you to advice on what is the right treatment and what we should do in the exam if either of these sums appear.
latest answer
When you remove OD balance, it will increase the current account balance. THe practice question 5 has incorrectly computed the closing balance of current account.
Suraj Narayanan
Qualified CA
★ 7K+
1
624
Sale of goods on sale or return basics
Accountancy
answered on 12-Oct-20 17:48
How to find the amount in the last transaction on December 31 which were neither said anything
latest answer
They are unsold.
Roshan Zameer
ACCA Professional
★ 24K+
1
555
Redemption of preference shares
Accountancy
answered on 12-Oct-20 17:45
Sir in the illustration 4 minimum fresh issue divided with issue price whereas previous sums did on face value It's so much confusion sir pls. Explain How can we know that
latest answer
I have done a video on this and is available on youtube. Aug 2020 | Revision | Redemption of Pref Shares & Debentures - CA Inter / IPCC
M Naresh
CA Final
★ 3K+
1
516
Liquidation of companies
Accountancy
answered on 12-Oct-20 17:55
In this chapter institute has given in the textbook a deficiency a/c as per list H Should we follow the format for the exam
latest answer
Yes
Swathi Krishna
CA Final
★ 8K+
4
523