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Doubt
Accountancy
answered on 04-Dec-20 13:30
1)Can we write Working Notes first,then write Answer. I mean Working notes at Top and Answer subsequent to it. 2)Can we write working notes with Blue pen. 3)Can we write large Ledger A/c's horizontally.
latest answer
Pls use black ball pen
ALDRIN G
CA Inter
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3
818
Doubt
Accountancy
answered on 11-Nov-20 18:50
Sir in this point no.4 if I Dr. Naveen a/c instead of purchase account is it is wrong ?
latest answer
If earlier recorded as creditor for that amount ur opinion is correct. But logically if trade discount and cash discount given simultaneously it's reasonable to assume that immediate payment was inneciated and paid accordingly
Sri kanaga Varshini
CA Final
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3
790
Average due date
Accountancy
answered on 11-Nov-20 19:32
For calculation of interest on drawings in illustration 9 we have used months instead of days how can we know when to consider days and when months...calculation using months is very difficult
latest answer
You can do with either method.
Nandini S
CA Foundation
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1
763
In Amalgamation, can Goodwill and Capotal Reserve be Netted off?
Accountancy
answered on 11-Nov-20 17:08
If two companies were amalgamated to form a new company and the amalgamation was in the nature of purchase and the result of purchasing one company was goodwill and that of another was Capital Reserve. So, as per AS 14, can these resultant goodwill and Capital Reserve be netted off in the transferee's books? like this author has done in the image below
latest answer
Thank you
Kumarjit Dey
CA Inter
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3
1K+
An imp Question from Internal Reconstruction
Accountancy
answered on 11-Nov-20 13:04
Can you please explain why they calculated Profit on revaluation this way? ( 1st pic) (Q in 2nd pic) I have also solved in a way it felt correct. Please tell me why my calculation is wrong. This is one of the most important sums from this easy chapter, from which If questions come I dont want to lose marks.
latest answer
Yes..tq for ur understanding
Kumarjit Dey
CA Inter
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7
964
Accounting standards
Accountancy
answered on 10-Nov-20 17:43
Is AS 11,13 covered in respective chapters or should be seen in separate classes provided
latest answer
Ok sir Thank you
Lakshmipathirao Tantravahi
CA Inter
★ 0
2
678
Applicability of AS
Accountancy
answered on 10-Nov-20 15:48
I have watched your video on applicability of AS part one In that video the non corporate entities are classified into 3 Lvl 1,2 and 3 In lvl 1 the first criteria was those entities whose equity or debt securities are listed or in the process of listing....etc.. My doubt is that can a non corporate entity issue equity or debt securities and list them.. Kindly reply
latest answer
Ok
PKM Calicut
CA Inter
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2
672
Branch Accounting
Accountancy
answered on 10-Nov-20 18:12
Hi, in illustration 10- Q1. Is 1200 opening stock reserve of branch or ho? Q2. Why are we debiting closing stock reserve in HO column and not BRANCH column when we are calculating closing stock reserve on BRANCH closing balance that is 9560.
latest answer
Branch accounting is done at cost to branch. The excess profit which is generated because goods are invoiced at a higher price, it is to be removed from HO as it is not yet earned.
Karan Chellani
CA Inter
★ 0
1
730
Amalgamation related problem
Accountancy
answered on 09-Nov-20 09:43
Sir in this do we HAVE to settle debentures and loan from A through bank account or we can close them through realisation account?
latest answer
You can close through realisation account as well.
Kumarjit Dey
CA Inter
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1
770
Doubt
Accountancy
answered on 12-Nov-20 12:43
Look a the question image where I tick marked my one and only doubt is that when bad debt is written why we did not deduct from trade receivables that 5000 amt as also no provision is there
latest answer
OK sir
Nilesh Malviya
CA Inter
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6
800