Subsidiary books

answered on 10-Apr-20 14:24

If purchase is on cash basis But what if return turns out to be on credit basis (i.e. someone returned goods but we didn't pay back them right now )

latest answer

Thanks

joshi dilip

CA Foundation

★ 10

2

618

Request for individual modules

answered on 05-Apr-20 10:16

I wish to buy, IPCC (old) Accounting Individual Modules mentioned below; AS 2 AS 9 Chapter - Preparation of Financial Statements

latest answer

Indigolearn usually permits to buy individual modules in the last 30 days before exams

Chethan N

CA Inter

★ 300

1

519

Retirement of partner illustration 4

answered on 13-May-20 08:37

How to calculate exesss capital paid off to M to make capital proportionate working I have dobt

latest answer

Take the balance after adjusting, reserves, goodwill revaluation loss in the accounts of remaining partners you will get 35,000 for K 28000 forM and 21000 for N. M is paid off to make it proportionate i.e. 28000 is for 4/12th ratio (present from capital accounts), now adjust it to 2/10th ratio (Profit sharing ratio). Sathya sir has solved this illustration (last illustration in the module Retirement of partner). See that it will help you understand better

hazil ameer

CA Inter

★ 2K+

1

553

Hire purchase

answered on 15-May-20 13:00

In the question it is mentioned that repossession was done on 1st January, 2017. Whether repossession entries to be made on 31st December, 2016 or 1st January, 2017(because they didn't pay the installment due on 31st December 2016)

latest answer

Its a mistake in the study material. But it has to be passed on 1st January only

Nivedha Balaji

CA Final

★ 9K+

3

564

Investment accounts

answered on 28-May-20 12:27

Why dividend is not received on rights share?

latest answer

It will be based on 40 lacs.

Sivaranjani PC

CA Inter

★ 240

7

538

There are 85 solved questions for Advanced Accountancy

answered on 04-Apr-20 11:46

Question 1. Do they cover ALL of the Institute's study mat questions? Question 2. If I post a question from elsewhere, which is not covered in the video, because I have a query and am not being able to solve it, how promptly will I get the solution for it? I am looking forward to purchase Adv Accountancy and EIS,SM lectures so please answer me.

latest answer

1. 90% of all questions in study material are solved - few repetitive or extremely simple questions will be left out 2. We will give you conceptual clarity and respond to specific aspects of an external question in which you have a doubt. But we will not provide you with full exam style answer for the external questions that you come up - you can post them here in the forums or you can email us such questions at our ID support@indigolearn.com

Kumarjit Dey

CA Inter

★ 4K+

1

541

Doubt Accountancy

answered on 04-Apr-20 22:10

Is icai deduct marks incase i dont maintain the sequence of items in balance sheets(sole proprietorship.)i.e.first all intangible assets then tangible then currents assets etc etc. Or i can write randomly?

latest answer

Yes I am sure

Punya Chakraborty

CA Inter

★ 0

4

684

Topic wise class

answered on 01-Apr-20 16:18

I want to purchase topic wise class... But I don't get it in the app.. Only subject wise class available there..

latest answer

Topic wise sales have been discontinued till end of May. We shall restart the window for sale of topic wise modules in latter part of May 2020

Kiss na Entertainment

CA Inter

★ 0

1

616

Doubt (Accountancy)

answered on 01-Apr-20 09:39

Why the profit and loss suspense a/c which is payable to the death partner's executors, comes in the assets side of the balance sheet...?

latest answer

It is an account with a debit balance (and not actually an asset). The share of profit of the deceased partner is credited to the executors and PL Suspense is debited. Later, this account is transferred to normal PL/Appropriation.

Punya Chakraborty

CA Inter

★ 0

1

557

How to contact the respective accounts faculty as i have some doubts

answered on 31-Mar-20 09:07

I am facing some problems and have some doubts in accountancy how can i contact the concerned accounts faculty regarding the same

latest answer

Post your query and we shall get it answered.

Punya Chakraborty

CA Inter

★ 0

1

541