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Accountancy
answered on 18-Nov-20 19:42
Sir if gross profit on cost is 30% then how much on sales?
latest answer
Assume cost is 100 then 100+ 30 = sales price = 130 Profit as % of sales = 30/130 = 23.07%
Sri kanaga Varshini
CA Final
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AS 11
Accountancy
answered on 20-Nov-20 09:59
Shouldn't we restate to 47.15 on 31 December and then take the difference of profit or loss . As the books are closed on 31st December
latest answer
Gain or loss will be booked on 31st December if books are closed.
Swathi Krishna
CA Final
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704
AS 11
Accountancy
answered on 20-Nov-20 09:33
In the this entry can we debit p&l a/c ?
latest answer
K thank you sir
Swathi Krishna
CA Final
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797
Inventory
Accountancy
answered on 21-Nov-20 22:23
Can u pls explain point no. 6
latest answer
This is past year question, you please confirm with faculty
Sri kanaga Varshini
CA Final
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754
AS11
Accountancy
answered on 20-Nov-20 09:32
How is share captial treated as non monetary item as per AS 11? Plzz reply
latest answer
Thank you sir
Swathi Krishna
CA Final
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2
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Advanced acc Consolidated financial statements
Accountancy
answered on 18-Nov-20 16:07
In icai material, price of share was not given, and answer automatically assumed it to be â?¹10. Is it fine? Or they found the value somehow?
latest answer
Assumed.
Susee Arunachalam
Qualified CA
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750
Redemption of preference shares
Accountancy
answered on 18-Nov-20 16:52
In this sum since 100 shareholders were unknown dey paid oly fr 17900 holders but premium is paid fr 18000 shareholders? Is it crct.. If its crct... How and why sir?
latest answer
Entire amount is first transferred to payable account. The shareholders who could be identified have been paid. Rest will be payable.
Shruthi V
CA Inter
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1
711
Company accounts
Accountancy
answered on 18-Nov-20 08:08
Why they are adding forfeiture share to share capital?1500(RAM-500 shares SHYAM-1000 shares)??
latest answer
Forfeited shares balance are shown under share capital.
Aravindh Kumar
CA Inter
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833
Doubt
Accountancy
answered on 18-Nov-20 08:14
Sir here closing inventory is not shown in trial balance why? When to show and not to show in trial balance
latest answer
If it is adjusted against purchases, then it is show in trial balance. Otherwise its given in adjustment.
Sri kanaga Varshini
CA Final
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632
Advance account - buy back
Accountancy
answered on 17-Nov-20 19:22
Illustration 3 - 4th Journal entry Amount transferred to CRR account, but am not get how it is calculated? Please let me know.
latest answer
Preference shares were issued two months prior for purpose of buyback.
Rachith Bhat
CA Inter
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765