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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
728
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
692
Requirement of AS lectures for ca final old syllabus
Accountancy
answered on 03-Sep-20 16:55
Sir, May I know the procedure for purchase of AS and IND AS compartives
latest answer
Please reach out to us at support@indigolearn.com and we shall help you
Yamini g.b
CA Final
★ 0
1
628
AS 5 Prior Period Items
Accountancy
answered on 04-Sep-20 13:58
Sir while disclosing prior period items you told we can disclose after PAT as net off of taxes but where will we show the tax effect
latest answer
Ok. Thank you Sir
Manju H S
CA Inter
★ 9K+
6
621
Banking Companies
Accountancy
answered on 04-Sep-20 11:13
At present ,what is the SLR and CRR ratio's to be maintained while doing B/S problems??? As per Amendments , crr is 3%, as against 4% earlier...and SLR 23 or 18% ?? Pls clarify my doubt SLR ..... ? CRR ......?
latest answer
18%
Ramya kudupudi
CA Inter
★ 2K+
12
648
Bank reconciliation statement
Accountancy
answered on 02-Sep-20 12:08
What is the difference between Cheques paid into bank and Cheques deposited into bank
latest answer
You do not pay in to the bank.
Prasanth Kumar
CA Inter
★ 13K+
5
558
Purchases ledger
Accountancy
answered on 01-Sep-20 22:11
While preparing the purchases ledger why is the freight amount not included as per the illustration 2 of ch 2 unit 4
latest answer
Ok thanks
Parikshit Rathod
CA Foundation
★ 710
4
622
Business documents
Accountancy
answered on 31-Aug-20 17:38
Why should we draft accounting vouchers as we already have source documents like cash memos(for payments and receipts), invoices/bills,pay-in slips etc What is the need for vouchers Can't we take source documents as conclusive evidences?? Please explain...
latest answer
Thank you sir.
VIJAYA SARADHI MAGANTI
CA Inter
★ 850
2
577
As 3 cash flow
Accountancy
answered on 31-Aug-20 14:56
Voluntary separation payment is a liability to the company then why it is shown on the asset side of the balance sheet ( it can be fictitious asset) voluntary separation payment is extraordinary item so can you please explain the above mentioned voluntary the above mentioned voluntary separation payment and how it can influence the cash and cash equivalents
latest answer
That is the payment which is made in advance
Deepak Thinu
CA Inter
★ 390
1
730
Cma foundation doubt
Accountancy
answered on 31-Aug-20 17:36
over which of the following costs management is likely to have least control Wages Building insurance Machinery breakdown cost Advertisement cost
latest answer
A machine breakdown is like an accident. How can we control that?
Anirudh Gupta
CA Inter
★ 3K+
3
852