Forums
Debenture
Accountancy
answered on 08-Sep-20 17:51
On what amount should we create drr & drr investment and when.
latest answer
Still on face value.
Shruthi V
CA Inter
★ 0
3
537
Cash flow statement
Accountancy
answered on 12-Sep-20 13:01
Why this is treated as cash flow from investing activities? (In the pic)
latest answer
Purchase of shares and other securities , giving loans are basically investing activities.
Swathi Krishna
CA Final
★ 8K+
3
571
Applicability of AS group 2
Accountancy
answered on 07-Sep-20 22:31
What are AS are applicable?. Only 4,5,11,16,19,26,29 are 12,20 excluded? Old syllabus
latest answer
Ok thank you sir
Triveni Patil
CA Inter
★ 290
2
504
Hire purchase
Accountancy
answered on 06-Sep-20 16:02
3 equal installments together with interest 9% mnz. Is interest included in the installments or Its not
latest answer
Yes.
Shruthi V
CA Inter
★ 0
3
707
Cost accounting
Accountancy
answered on 06-Sep-20 14:17
Materials chapter problem please explain problem sir
latest answer
Thank you sir
Chandra Maddi
CMA Inter
★ 1K+
4
562
Insurance claims
Accountancy
answered on 05-Sep-20 17:47
Normally gross profit % is calculated as NP+ISC/TURNOVER OF PREVIOUS FINANCIAL YEAR RIGHT. BUT y here ww have used adjusted turnover
latest answer
The question talks about adjustment to be made.
Shruthi V
CA Inter
★ 0
2
529
Insurance claims
Accountancy
answered on 06-Sep-20 09:15
For reduction we should take standard turnover - actual turnover right.. Den y hv u take annual turnover here
latest answer
In table.
Shruthi V
CA Inter
★ 0
4
562
Brs
Accountancy
answered on 09-Sep-20 23:58
Illustration 1. 7 th point
latest answer
Discount allowed is a loss to the business so it has debit balance as it is not posted in discount allowed column of cash book it will reduce the discount allowed total column by Rs 25. Which creates a difference(deficit of debit total) of Rs 25 in the total of debit balance and credit balance in trial balance and it will be transferred to suspense a/c. Once the reason for such difference is known suspense account balance is reversed and rectified with respective account as shown below entry. Currently suspense a/c will balance trial balance by appearing on debit side of trial balance which indicates suspense a/c has debit balance of Rs 25. Such (suspense a/c) debit will be credited as the reason known now and respective account (Discount allowed) will be debited which exactly should be debited. These nullifies the effect of suspense a/c. Hence, purpose of suspense account is served. Discount allowed a/c.....Dr. 25 To Suspense a/c. 25 (Being rectification entry passed in journal proper).
Prasanth Kumar
CA Inter
★ 13K+
4
579
Basic terminology of accounting
Accountancy
answered on 11-Sep-20 20:36
A machinery is purchased on 31rst march(end of accounting year.Whether is it considered as a transaction or an event? Many does answer it as an event.!
latest answer
The machinery which is purchased is a transaction as well as an event.
krithika balu
CA Foundation
★ 0
4
649
Modified cash basis of accounting
Accountancy
answered on 05-Sep-20 12:14
Do debtors and creditors accounts appear in modified cash basis of accounting as fixed assets accounts appear in it. To what extent accrual system is used in modified cash basis?? Please clarify this for me.....
latest answer
Cash. But most governments are gradually moving to accrual
VIJAYA SARADHI MAGANTI
CA Inter
★ 850
7
604