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Final accounts
Accountancy
answered on 16-Sep-20 19:21
In this sum there are expenses in opening balance sheet And also some expenses in adjustment Should not we add to original expenses
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Prasanth Kumar
CA Inter
★ 13K+
2
537
Common
Accountancy
answered on 16-Sep-20 20:38
If debentures are issued at premium and redeemable at par what is the redemption value..? Is it Face value + Premium or Face value.
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Sri Varshini
CA Inter
★ 575
2
610
Account current
Accountancy
answered on 15-Sep-20 17:56
Why do we debit balance owing by Y ?? What is the journal entry for balance owing by Mr.Y?
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We are preparing in bookx of X.
Pooja .
CA Final
★ 210
1
567
Rectification of errors
Accountancy
answered on 15-Sep-20 17:13
Illustration 7 q 4 photo attached how to solve it and what is general ledger
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Ohk
Parikshit Rathod
CA Foundation
★ 710
7
536
Insurance claims (Calculation of Gp ratio)
Accountancy
answered on 18-Sep-20 12:45
Sir in qn no 6 and 7 of insurance claims chapter while computing gross profit ratio.. we have taken Net profit + Insured Standing Charges/ Turnover for last financial year. But in qn no 8 we are taking Adjusted annual turnover for last financial year instead of simply turnover. Please clarify this doubt sir.. Regards Akshay Raghavan
latest answer
Ok sir understood. Thanks sir.
Akshay Raghavan
CA Inter
★ 240
4
752
Final accounts Non manufacturing
Accountancy
answered on 16-Sep-20 06:33
In the sixth video sir said about closing stock adjustment Op +purchases - Cs = Cost of goods sold Is COGS AND SALES SAME IF SO WHY COGS IS GIVEN ON DEBIT SIDE OF TRIAL BALANCE
latest answer
Both are acceptable.
Prasanth Kumar
CA Inter
★ 13K+
15
584
Branch accounts
Accountancy
answered on 14-Sep-20 18:40
Can anyone explain the contra entry in this ??
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anamika vardhan
CA Inter
★ 1K+
4
649
Discount
Accountancy
answered on 14-Sep-20 17:11
If a purchaser purchases goods of worth more than 5,00,000 then discount 3% will be allowed for the goods purchased in excess of 5,00,000 in a year. Discount allowed is 12,480. Gross profit ratio 30% on sales. Given sales = 12,80,000 No opening stock. Here how should we consider the discount whether it is trade discount or cash discount?? If discount is considered as trade discount then how can there be an uniform gross profit rate?? Please clarify this to me.....
latest answer
Uniform gross profit (is generally an average rate) through out the year.
VIJAYA SARADHI MAGANTI
CA Inter
★ 850
1
590
as 11
Accountancy
answered on 13-Sep-20 17:10
what is mean by contingent liabilities
latest answer
Liabilities which depend on future event. You will learn about it in AS-29.
shobha kamatwar
CA Inter
★ 250
1
579
Depreciation
Accountancy
answered on 14-Sep-20 02:07
Wt is the difference between depreciateion, provision for Depreciation and accumulated Depreciation
latest answer
Cost of the asset is spread over through out its useful life(working life). The portion of cost of asset that is allocated to a particular period is called depreciation. Depreciation is an estimate on some suitable basis because technically it is not possible to determine the exact remaining useful life of asset at the end of a period (As Wear and tear of machine depends upon many factors). Provision for depreciation and accumulated depreciation are same they are created for fair presentation of balance sheet. So that asset can be shown at original value at which it is purchased and total depreciation till date. Provision for depreciation is cumulative depreciation year after year. Hope it helps!!!
Shruthi V
CA Inter
★ 0
3
614