Forums

Parnership Introduction

Accountancy

answered on 06-Oct-20 18:21

In the 4th video there is a sum regarding division of profit But sir didn't take drawings WHY

latest answer

Thamk you

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

6

528

CRR, SLR, Capital Adequacy Ratio for Nov 2020 exams

Accountancy

answered on 01-Jun-21 09:19

What is the applicable CRR, SLR, Capital Adequacy Ratio for Nov 2020 exams

latest answer

Since Study Material is recently updated and is specifically available for May 21 exams - pls follow that

J J

J J

CA Final

180

11

2K+

Avg due date

Accountancy

answered on 05-Oct-20 17:53

In Q2 see third bit No of days before we which anand paid amritha is 9 but it is taken as 11 in material see this

latest answer

Ok sir thanks for your regard

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

4

469

Consolidated Financial Statements (20. Treatment of Bonus - 1)

Accountancy

answered on 07-Oct-20 19:58

The entry on the video screen seems wrong, pls clarify

latest answer

The error has been rectified and uploaded.

Rahul Sharma

Rahul Sharma

CA Inter

3K+

2

531

Redemption of preference shares

Accountancy

answered on 04-Oct-20 12:13

Sir, Can we Use security premium reserve to redeem the preference shares at premium ?

latest answer

Most companies would be covered in exception.

M Naresh

M Naresh

CA Final

3K+

2

489

Average due date

Accountancy

answered on 04-Oct-20 12:41

In the 8th video i.e ADD IN CASE OF LOANS in that sum the average due date 1 1 14 which dass should give loan to kumar and sons but if it is so why will kumar and sons pay interest for previous years because the date of commencement will become 1 1 14

latest answer

Ok sir

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

4

487

Sale or approval on return basis

Accountancy

answered on 06-Oct-20 17:13

In the 7 th video about 8 51 minutes there is a sum being entered in day book In the GOODS APPROVED COLUMN the first transaction should be dated as dec 25 and not dec 15

latest answer

Thank you

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

4

475

Sale on approval or return basis

Accountancy

answered on 05-Oct-20 15:53

In the 5 th video of this chapter sir said a sum regarding RITU there is an entry in which sales account is debited but I think sale return account should be debited

latest answer

Yes. Since sale is not completed, we are debiting it to Sales. The goods are not returned after a sale being completed.

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

6

499

Consignment

Accountancy

answered on 03-Oct-20 19:44

What type of account is Goods sent on consignment?

latest answer

That is all right

krithika balu

krithika balu

CA Foundation

0

7

616

Liquidation- Alternative solution

Accountancy

answered on 03-Oct-20 19:54

This pertains to Question 3 (Full Stop Limited) in the ICAI book's book back exercises. In the working note they have found the final settlement differently. I have used a different approach and found a differing answer. Can you please check if this is fine and if not, why it is wrong?

latest answer

Thanks a lot sir! This clarifies it

Suraj Narayanan

Suraj Narayanan

Qualified CA

7K+

4

552