Accountancy

answered on 14-Jul-20 17:28

How to calculate debentures in this 2 problems

latest answer

In the second sum you don't have to calculate debentures separately

saranya dhamotharan

CBSE XII

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3

495

Journal

answered on 13-Jul-20 20:36

I didn't understand this sum

latest answer

Thank you mam

Prasanth Kumar

CA Inter

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5

474

Journal

answered on 12-Jul-20 23:36

When rent paid to arvind will arvind's name come in journal entry

latest answer

Yes, if there is a separate creditor account in his name, amount will be first credited to "Arvind A/c" while booking expense but if there is no creditor account with that name in the books of account, then Rent Payable A/c will be credited

Prasanth Kumar

CA Inter

★ 13K+

1

479

Journal

answered on 12-Jul-20 23:40

When we purchased furniture we debited it but when goods are purchased we didn' t debit goods . why?

latest answer

Because its not a capital asset and its a current asset. We first debit to purchases and if consumed or sold during the year, it will be debited to P&L as part of "Cost of production" or "Cost of goods sold" but if they remain unsold or unutilised, then they are transferred to closing stock value and taken into the balance sheet as an asset debit balance.

Prasanth Kumar

CA Inter

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1

469

Journal entries

answered on 12-Jul-20 23:41

Are networth and capital is same

latest answer

Capital and retained earnings together are Net Worth.

Prasanth Kumar

CA Inter

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2

474

Journal entry

answered on 12-Jul-20 23:43

Whe we pay salary or rent will the name of personto whom it is paid is involved

latest answer

Depends on whether there is a real account in the name of hte person to whom it is paid is being maintained by the organisation. If not it can either be directly debited to expense account at the time of payment or it can be credited to Salary /REnt payable account through a jouranl entry

Prasanth Kumar

CA Inter

★ 13K+

1

463

Regarding Syllabus

answered on 13-Jul-20 13:56

Is Joint Venture and Royalty Accounts part of CA foundation syllabus? Its not included in books but we have the topics in your module.

latest answer

Thank you, Mam

Swetha S

CA Inter

★ 15K+

3

495

Rectification of errors

answered on 13-Jul-20 13:56

Question4

latest answer

Sales ledger is where you enter the sales made and general ledger is where entries regarding transactions other than daily sales and purchases and cash and bank transactions are entered . Eg: rent paid, interest accounted

Gowshika LT

CA Final

★ 40K+

3

445

Notes

answered on 11-Jul-20 10:26

I have received an email regarding notes . I have enrolled for group2 accounting standards ,in the mail I was siad that notes has been added to course and the notes can be downloaded from the resources section in the course . I am not able to find the notes in my courses section... Is it any additional note or the provided in the free resources tab?

latest answer

All notes are available on the app in free resources section. There are no additional notes

lakshmi kollipara

CA Inter

★ 1K+

1

524

Meaning and scope

answered on 10-Jul-20 11:50

Sir in the 1st video of capital expenditure there is an example of bike modification around 3:40 sec. I feel this a revenue expenditure for wjich sir said it is a capital expenditure

latest answer

Sorry mam. It is 1st video in capital and revenue expenditure

Prasanth Kumar

CA Inter

★ 13K+

2

433