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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
584
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)
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Okay sir thank you
Susee Arunachalam
Qualified CA
★ 26K+
4
650
Journal Entry
Accountancy
answered on 23-Sep-20 21:28
Q1 and Q3
latest answer
Its not increasing
Satyam Anand
CA Inter
★ 17K+
10
674
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
★ 26K+
2
619
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
602
Consolidated fin statements
Accountancy
answered on 22-Sep-20 12:08
Please explain illustration 10 from module.
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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
★ 0
1
554
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
877
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
★ 7K+
2
569
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
★ 26K+
2
629