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Sale or approval on return basis
Accountancy
answered on 06-Oct-20 17:13
In the 7 th video about 8 51 minutes there is a sum being entered in day book In the GOODS APPROVED COLUMN the first transaction should be dated as dec 25 and not dec 15
latest answer
Thank you
Prasanth Kumar
CA Inter
★ 13K+
4
621
Sale on approval or return basis
Accountancy
answered on 05-Oct-20 15:53
In the 5 th video of this chapter sir said a sum regarding RITU there is an entry in which sales account is debited but I think sale return account should be debited
latest answer
Yes. Since sale is not completed, we are debiting it to Sales. The goods are not returned after a sale being completed.
Prasanth Kumar
CA Inter
★ 13K+
6
706
Consignment
Accountancy
answered on 03-Oct-20 19:44
What type of account is Goods sent on consignment?
latest answer
That is all right
krithika balu
CA Foundation
★ 0
7
782
Liquidation- Alternative solution
Accountancy
answered on 03-Oct-20 19:54
This pertains to Question 3 (Full Stop Limited) in the ICAI book's book back exercises. In the working note they have found the final settlement differently. I have used a different approach and found a differing answer. Can you please check if this is fine and if not, why it is wrong?
latest answer
Thanks a lot sir! This clarifies it
Suraj Narayanan
Qualified CA
★ 7K+
4
690
Consignment
Accountancy
answered on 02-Oct-20 17:10
Should we deduct the quantity and the amount of the abnormal loss in the valuation of the closing stock?
latest answer
Thank you sir
AKSHITA SITA PRAVA
CA Final
★ 590
4
637
Inventory
Accountancy
answered on 02-Oct-20 17:09
I don't understand how much amount should we take in iv and v points. Please explain
latest answer
thank you sir
AKSHITA SITA PRAVA
CA Final
★ 590
3
755
Financial statements
Accountancy
answered on 03-Oct-20 10:26
Sir..why do we take for continuous business profit before tax for discontinued business profit after tax for profit for the period in financial statements...
latest answer
You have a line item called Tax Expense.
Subha N
CA Inter
★ 4K+
5
639
Buy back of shares
Accountancy
answered on 02-Oct-20 23:41
In illustration 1 of the institute's textbook, why is CRR entry passed? We don't actually require CRR right. Even sir mentioned in it in the lecture. Then why is it given in the tb ?
latest answer
Thanks, sir
Swathi Krishna
CA Final
★ 8K+
2
678
If any thing is not given in question of trial balance from what method should we prepare 1.total method 2.balance method 3.total and balance method
Accountancy
answered on 02-Oct-20 16:16
Pls tell me
latest answer
Balanced method
Nilesh Malviya
CA Inter
★ 655
3
822
Advanced Accounting
Accountancy
answered on 01-Oct-20 12:35
Redemption of debentures for old syllabus which individual module shall be refer can we take ca inter new for this Is it the same or not All problems in sm are discussed there or not Plz replyð???ð???ð???ð???
latest answer
You can purchase now.
Prasanthi Bura
CA Inter
★ 0
5
818