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NBFC PROVISIONAL RATES
Accountancy
answered on 27-Sep-20 09:04
friends ..can anyone share updated NBFC provision rates pls?
latest answer
You can refer to the latest study material.
Vishwanath Tadur
CA Inter
★ 2K+
1
609
Brs
Accountancy
answered on 27-Sep-20 20:29
Dishonor of a bill discounted with bank What if the bill is honoured Also bills collected by bank on behalf of a customer
latest answer
For entries for Bills of exchange, please refer to videos of Bills of Exchange chapter. They are also covered in pages 6.5 & 6.6 of ICAI Study Material. Link below and pages also are attached herewith https://resource.cdn.icai.org/55003bosfndnov19-p1-cp6u1.pdf What happens in BRS depends on the fact if the entity accounted or not. If both bank and the entity passed entries there is no reconciliation. If bank passed but entity did not pass entry then in the BRS , such amount should be reduced from Balance in Bank account as per books of entity in order to arrive balance as per bank.
Prasanth Kumar
CA Inter
★ 13K+
7
725
Internal reconstruction
Accountancy
answered on 26-Sep-20 08:17
Sir illustration 3 of ICAI material Explain Cash and cash equivalents balance amount
latest answer
Tq sir
Prasanna Jannu
CA Inter
★ 7K+
2
579
Debenture
Accountancy
answered on 26-Sep-20 10:37
Is this format mandatory, in case own debentures ? If so, Why is the interest portion separately shown in own debentures a/c ?
latest answer
K
Swathi Krishna
CA Final
★ 8K+
2
603
Partnership ca foundation
Accountancy
answered on 24-Sep-20 14:49
12. Illustration 2 part -2 Goodwill is transferred to revaluation account In question given that it should be eliminated from balancesheet Why you have not debited the partners capital account as in icai module they have debited the partners capital
latest answer
Ok sir
Vaibhav Salgare
CA Inter
★ 8K+
3
571
Insurance claims for loss of stock
Accountancy
answered on 24-Sep-20 11:26
ICAI Material In Illustration 1, we are subtracting written off value from opening stock in next year. But I dont understand why in Illustration 5 and 6, we are adding back the written off value to the closing stock in previous year. Then the written off will not be effected, right? Also we did not subtract the value from opening stock in the next year. Please explain why we are cancelling the "writing off" and where should we all do this. I've attached Illustration 1 and 5 (5 and 6 are similar)
latest answer
Okay sir thank you
Susee Arunachalam
Qualified CA
★ 26K+
4
627
Journal Entry
Accountancy
answered on 23-Sep-20 21:28
Q1 and Q3
latest answer
Its not increasing
Satyam Anand
CA Inter
★ 17K+
10
649
Partnership Accounts- Whether Max Loss or Highest Relative Capital Method?
Accountancy
answered on 23-Sep-20 12:00
Kindly advise how to identify whether this is Maximum Loss or Highest Relative Capital method. For your reference, this is Illustration 10 on Page 2.40 of ICAI CA Inter Group 1 Accounting Module.
latest answer
It would be given in the exam.
Suraj Narayanan
Qualified CA
★ 7K+
1
1K+
(Advanced Acc)Banking co. and NBFC
Accountancy
answered on 23-Sep-20 00:46
Apart from the videos in 1Fin, there are so much of theory in study material. Are they not necessary?
latest answer
Okay sir thank you
Susee Arunachalam
Qualified CA
★ 26K+
2
598
Redemption of debentures
Accountancy
answered on 23-Sep-20 21:38
In question 4 of the practical problem , the amount w.r.t debenture redemption reserve investment is encased upto 15% when own debenture is purchased. Why 15% is taken ?
latest answer
Now I understood . Thax
Swathi Krishna
CA Final
★ 8K+
2
584