Forums
Inventory
Accountancy
answered on 03-Aug-20 09:36
What adjustment should be made for point 5and why???
latest answer
Out of 8000 received 70% are sold, hence 30% is unsold which is adjusted to the stock (8000*30%= 2400) as they are included in value on 15th April
Gowshika LT
CA Final
★ 40K+
3
557
Rectification
Accountancy
answered on 03-Aug-20 10:06
In this photo explain e point( second from last) without preparing a suspense account
latest answer
U will debit suspense and credit discount received U will debit party account and credit suspense account
Prasanth Kumar
CA Inter
★ 13K+
3
585
AS 18
Accountancy
answered on 30-Jul-20 18:40
Whether Common directorship is related party transaction or not
latest answer
no. Unless the director is able to effect the company policies in their mutual dealings
Gomathi K
CA Final
★ 40K+
1
561
Fellow subsidiary
Accountancy
answered on 30-Jul-20 18:41
What is meant by fellow subsidiary?
latest answer
All subsidiary companies under one common holding company
Gomathi K
CA Final
★ 40K+
1
599
Company accounts
Accountancy
answered on 30-Jul-20 11:19
In the managerial remuneration we deductedthe the depreciation as per schedule II of the companies act 2013 to the gross profit but what is the reason for deducting the schedule II depreciation
latest answer
Can you be clear about your query
subramanyam yendakuarthi
CMA Final
★ 4K+
1
550
Partnership
Accountancy
answered on 03-Aug-20 10:18
the current value of goodwill be taken to be equal to the book value of the asset-> What it means. The treatment done in practice manual -write off the goodwill which was there in b/s before retirement, Through capital a/c of partners.And contribute share of goodwill to the retiring partner by existing partners.
latest answer
The net asset on the balance sheet is defined as the amount by which your total assets exceed your total liabilities and is calculated by simply adding what you own (assets) and subtract it from whatever you owe (liabilities). It is commonly known as net worth (NW).
Pranav Connecting...
CA Inter
★ 4K+
6
632
Insurance claims
Accountancy
answered on 27-Jul-20 19:09
Sir in this question why purchase is not written in trading account
latest answer
Because godown is used to store goods purchased for manufacture as well as to store finished goods. whereas, shop just receives goods from godown (transfers)
subramanyam yendakuarthi
CMA Final
★ 4K+
1
536
Exam doubt
Accountancy
answered on 27-Jul-20 18:44
Consignment or NPO which one is easier??
latest answer
Both are easy, if you understand the concept
Pooja .
CA Final
★ 210
2
591
Depreciation
Accountancy
answered on 27-Jul-20 09:15
Is Retrospective effect is in syllabus for CA foundation Nov. 2020?
latest answer
No, restrospective effect in the syllabus
atharva sanap
CA Inter
★ 4K+
2
600
Amalgamation of Partnership- Illustration 3
Accountancy
answered on 29-Jul-20 13:43
In Illustration 3 of Amalgamation of Partnership Chapter (Question pertains to Acquisition of Business by Shri Raman and is Illustration 2 in Pg 2.71 of Module 1 of ICAI Material: Advanced Accounting), the answer to business purchase differs with what is given in ICAI Material. May I please seek clarification about the same?
latest answer
Thanks a lot ma'am for the clarification
Suraj Narayanan
Qualified CA
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3
769