Journal Entry

answered on 30-Apr-20 13:47

Introduced cash, goods and furniture into the business.

latest answer

Thank you��

Rahul U S

CA Foundation

★ 0

4

572

Wrong animation in AS 20 lecture 9 "Diluted EPS"

answered on 29-Apr-20 17:04

See at around 2:55. The text should be Rs 250 Cr. Its written 50 Cr.

latest answer

We have made the change in the video. Thank you.

Kumarjit Dey

CA Inter

★ 4K+

2

574

Partnership Accounts

answered on 29-Apr-20 09:08

If new partner capital is more than old partners capital it is possible? Example: A's capital is 20,000 and B's capital is 15,000 and they share profits equally. C is admitted as a partner with 18,000 as his capital for 1/4 share in the profits.

latest answer

Thank you

Nalin kumar

CA Final

★ 445

2

527

Partnership-sale of the firm

answered on 29-Apr-20 08:45

How is business purchase account prepared ??

latest answer

Please refer to notes for Advanced Accounting (pg 317) under CA Inter- free resources in the app

anamika vardhan

CA Inter

★ 1K+

1

484

Accounting for independent branch illustration no. 11 Messrs ramchand & co

answered on 13-May-20 15:33

This question demands preparation of branch P&L, branch assets ac in the books of HO after incorporating trial balance as given in the question. 1,Such TB showing an account called head office current ac. What is the purpose of the account in this question? 2, after incorporating the TB in HO books, how can we transfer only cost portion of goods from HO ac & opening stock ac to trading & P&L. Becose if it done like that the profit portion of such ac still remain in such ac

latest answer

1. In order to know the amount payable or due to Head Office...Its current account is necessary 2. Because as per AS-2 Inventories to be recorded at cost and the Stock Reserve a/c will take care of the loading

subeesh p

CA Final

★ 1K+

1

544

Doubt

answered on 29-Apr-20 15:53

Sir i m not understand the company account pro rata concept. When i take questions of pro rata to solve i feel fear from it. And how to solve the prob no. 7 in icai material. I see ur vedio but i had not understand it . Can u help me in this

latest answer

Welcome jj

Dhanashree Amle.

CA Foundation

★ 240

3

472

CA foundation

answered on 29-Apr-20 12:13

It's my humble request sir i came to know about the car foundation free classes only today it is very useful. Can u please extend it for a week. It is my humble request.

latest answer

Thanks sir

Shreeya Rathnakumar

CA Foundation

★ 0

6

503

Rectification of error

answered on 08-May-20 13:53

I haven't clear this question

latest answer

Sales A/c Dr. 432 (sale price) ==> sale entry cancelled Drawings A/c Dr. 423 (cost price) ==> personal use registered at cost from purchases To Ganesh A/c 432 (sale price) ==> sale entry cancelled To Purchases A/c 423 (Cost price) ==> drawings from stock for personal accounted under drawings

Saloni Kumari

CA Inter

★ 180

6

2K+

Flowchart copy pasted from CA Ravi Kanth Miriyala's Accounting Standards book?

answered on 27-Apr-20 19:11

I was taken aback to discover that the flowchart in video 6 of AS 29 module has been ripped off from last page of Miriyala sir's famous book "Accounting Standards Made Easy"

latest answer

It is taken from AS-29 Illustration B.

Kumarjit Dey

CA Inter

★ 4K+

2

558

Please cut the video after the whole illustration has been solved

answered on 27-Apr-20 15:18

I am refering to AS 26 module first 2 QnA videos. Please cut the videos after the questions have been solved.

latest answer

Are you an admin/staff? I ask because I see you have a CA Inter batch attached to your name.

Kumarjit Dey

CA Inter

★ 4K+

2

529