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Loss of stock
Accountancy
answered on 23-Nov-20 16:53
Should i credit drawn goods by partners at cost or sales value in trading a/c
latest answer
Thank u sir
Hemanth Vadagam
CA Inter
★ 0
2
713
Doubt
Accountancy
answered on 23-Nov-20 16:55
In this question last transaction (sep9 ) is the date is correct as I got 21 days(30-9) but in key it is 22 days ..
latest answer
In this method, for the last transaction you need to include the last date as well.
Sri kanaga Varshini
CA Final
★ 3K+
1
695
Doubt
Accountancy
answered on 22-Nov-20 17:49
Sir in point no. 6 they have given 20000 worth stock is not included I can't understand how they ignored it when the stock taking is done on 10th April . In key they have added this amount . Pls explain how this 20000 is not recorded in stock .
latest answer
Ok sir thank u
Sri kanaga Varshini
CA Final
★ 3K+
2
697
Doubt
Accountancy
answered on 23-Nov-20 16:57
Sir in this sum one partner retired but the joint life policy surrender amount is not transferred to partner's why?
latest answer
The firm will pay using other sources.
Sri kanaga Varshini
CA Final
★ 3K+
3
671
Joint Life Policy
Accountancy
answered on 23-Nov-20 17:13
In method 3 Why should we transfer joint life policy reserve account to joint life policy account?
latest answer
Because that account is no longer needed.
Swetha S
CA Inter
★ 15K+
5
660
Cheque
Accountancy
answered on 21-Nov-20 14:51
There is any difference b/w dishonour of cheque and cheque bounce
latest answer
there is no difference
Mallarapu GDR
CMA Inter
★ 2K+
1
605
Dept Accounts | Transfer at Cost- Why is there reserve?
Accountancy
answered on 22-Nov-20 01:11
MTP Nov 20: In the given case, the adjustments clearly say the transfer has been at cost. Why are we applying reserves then?
latest answer
Thank you sir
Suraj Narayanan
Qualified CA
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2
727
Capitalization of Removal Expenses
Accountancy
answered on 21-Nov-20 08:17
AS 10 clearly states that only expenses incurred till that date of commencement of usage of the asset are to be capitalised. However, in this case, an expense of future removal has been capitalized (May 2020- RTP). Can you please explain why and the logic?
latest answer
Decommissioning costs are also capitalised.
Suraj Narayanan
Qualified CA
★ 7K+
1
641
Ledgers
Accountancy
answered on 21-Nov-20 09:51
Normally when we're asked to write concerned ledgers and given excluding bank transactions, there is no need to write up bank ledger na??
latest answer
Thank you
Susee Arunachalam
Qualified CA
★ 26K+
2
767
Redemption of preference shares
Accountancy
answered on 20-Nov-20 13:23
Sir for calculating no of shares for fresh issue Should we divide the redeemed value by FV of equity shares or by FV+Premium at which it is issued
latest answer
Thanks sir
shivani lolla
CA Inter
★ 1K+
2
750