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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
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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
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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
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2
585
Consolidated fin statements
Accountancy
answered on 22-Sep-20 12:08
Please explain illustration 10 from module.
latest answer
Can you please solve the problem and share let us know where you are getting stuck or where you have a query
Revant Batra
CA Inter
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1
545
Pass journal entry for the following:-
Accountancy
answered on 21-Sep-20 17:19
Purchased an old furniture for INR. 11,500 from Vijay. Paid INR 3,000 on its repair and INR. 500 on its Carriage.
latest answer
Furniture A/c Dr. - 15,000 To Vijay - 11,500 To Cash - 3500 (Assuming purchased on credit. Repairs and carriage paid in cash)
Satyam Anand
CA Inter
★ 17K+
3
855
Doubt
Accountancy
answered on 21-Sep-20 20:35
Can I use Double pages for sums like Account current, Triple column cash book... or I should use my Paper Horizontally.
latest answer
Thank you so much Sirð???
Akash Ash
CA Final
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2
546
Control
Accountancy
answered on 22-Sep-20 11:47
Explain b point. Who is acknowledged as he in "his appointment", "held by him"?
latest answer
Thank you so much sir
Susee Arunachalam
Qualified CA
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2
615
Pre-received income.
Accountancy
answered on 19-Sep-20 14:22
Why pre- received income goes to liability?
latest answer
Because, if contract is terminated on the date of receipts as services have not be delivered, income is not earned and the amount has to be retuned to the payer
Dipti Pethe
CA Foundation
★ 800
1
572
Redemption of Preference Shares- Value of fresh issue
Accountancy
answered on 21-Sep-20 16:50
Hi, Redemption of Preference Shares are to be done by issue of fresh capital or free reserves or both. In question 4,why are we deducting bank balance from value of redemption to arrive at value of fresh issue; when in another question(icai), free reserves are being reduced from value of redemption to arrive at value of fresh issue?
latest answer
Unless bank balance is to be maintained, treat it as a normal question.
Karan Chellani
CA Inter
★ 0
5
621
Consignment
Accountancy
answered on 20-Sep-20 14:10
Iam not able to understand how to evaluate stock reserve in this question. See the attachment pls
latest answer
Give an appropriate note in exams
Anirudh gupta
CA Inter
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8
596