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Commerce
Accountancy
answered on 25-Sep-22 09:56
Commerce
latest answer
If your question is what is commerce? Then -commerce refers to all those activities which help directly or indirectly by the distribution of goods and services ....It is a trade i.e buying and selling of goods and auxiliary to trade i.e ,communication, transportation advertising etc.. It is an art as well as science .
Priyanka Kumari
CBSE XI
★ 0
2
670
Financial statements
Accountancy
answered on 23-Jul-20 21:05
In profit and loss account format under the heading expense there is change in inventory in that why we subtract opening to closing ?? Why we cannot do closing to opening.
latest answer
Hello
Akshay jerry
CA Inter
★ 10
2
562
AS-26(goodwill) application in amalgamation, conversion and sale of partnership firms.
Accountancy
answered on 23-Jul-20 11:24
As per AS-26,only purchased goodwill can be shown in books, but in problems related to conversion/sale of partnership firms to company in study material they are providing purchase consideration for goodwill also.
latest answer
AS-26 does not apply to goodwill arising on an amalgamation and goodwill arising on consolidation
Deagle -oM
CA Final
★ 0
4
648
Esop
Accountancy
answered on 21-Jul-20 11:38
I no solve this problem.plse solve this problem
latest answer
Please solve the problem and ask for any specific doubt you have
bhuvaneswari sundaram
CA Inter
★ 330
1
593
Query
Accountancy
answered on 21-Jul-20 07:39
Sir is it okay to start Advance Accounting before completing Accounting Standards?
latest answer
Yes it is ok. But do read AS 14 & 21 before you start solving problems on Amalgamation & consolidation
Prateek Khandelwal
CA Inter
★ 0
1
617
Rectification
Accountancy
answered on 20-Jul-20 19:42
What is capitalization of asset mean
latest answer
Capitalisation of assets means to record expenses incurred for assets in the balance sheet as an asset and not charge it as an expenses in profit and loss account. Generally expenses which are incurred at a time of installation of asset or upto the assets are first ready to use are capitalised.
Prasanth Kumar
CA Inter
★ 13K+
1
661
Subsidary books
Accountancy
answered on 20-Jul-20 16:40
Sir generally credit sales will go into sales book And from there it will go into sales account trial balance and balance sheet...case 1 But if the creditor pays cash before we prepare balance sheet how is creditor account sales account cash account trial balance are impacted..case 2 Pls draw the ledger accounts in the two cases
latest answer
Now I understood
Prasanth Kumar
CA Inter
★ 13K+
4
614
Rectification of Errors
Accountancy
answered on 20-Jul-20 15:03
In the 10 th video of this chapter there is a second example about cheques dishonour In that example sir wrote one entry as sale returns debited to A and changed the credit item as to bank Why
latest answer
Because when initially scheque was received and accounted before it got dishounoured, Bank was debited assuming it would be honoured
Prasanth Kumar
CA Inter
★ 13K+
1
592
Rectification of errors
Accountancy
answered on 20-Jul-20 10:17
Why don 't we dr and cr on balance sheet. It may be silly but still I have a doubt
latest answer
Ok thank you
Prasanth Kumar
CA Inter
★ 13K+
2
523
Rectification of errors
Accountancy
answered on 20-Jul-20 17:51
When we provide provision for rent or depreciation for any asset you said that we should pass a journal entry . But why don't we write in journal proper
latest answer
Journal proper, Journal book, General Journal all mean the same.
Prasanth Kumar
CA Inter
★ 13K+
3
556