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Rectification of errors
Accountancy
answered on 15-Sep-20 17:13
Illustration 7 q 4 photo attached how to solve it and what is general ledger
latest answer
Ohk
Parikshit Rathod
CA Foundation
★ 710
7
771
Insurance claims (Calculation of Gp ratio)
Accountancy
answered on 18-Sep-20 12:45
Sir in qn no 6 and 7 of insurance claims chapter while computing gross profit ratio.. we have taken Net profit + Insured Standing Charges/ Turnover for last financial year. But in qn no 8 we are taking Adjusted annual turnover for last financial year instead of simply turnover. Please clarify this doubt sir.. Regards Akshay Raghavan
latest answer
Ok sir understood. Thanks sir.
Akshay Raghavan
CA Inter
★ 240
4
1K+
Final accounts Non manufacturing
Accountancy
answered on 16-Sep-20 06:33
In the sixth video sir said about closing stock adjustment Op +purchases - Cs = Cost of goods sold Is COGS AND SALES SAME IF SO WHY COGS IS GIVEN ON DEBIT SIDE OF TRIAL BALANCE
latest answer
Both are acceptable.
Prasanth Kumar
CA Inter
★ 13K+
15
1K+
Branch accounts
Accountancy
answered on 14-Sep-20 18:40
Can anyone explain the contra entry in this ??
latest answer
Thank you
anamika vardhan
CA Inter
★ 1K+
4
843
Discount
Accountancy
answered on 14-Sep-20 17:11
If a purchaser purchases goods of worth more than 5,00,000 then discount 3% will be allowed for the goods purchased in excess of 5,00,000 in a year. Discount allowed is 12,480. Gross profit ratio 30% on sales. Given sales = 12,80,000 No opening stock. Here how should we consider the discount whether it is trade discount or cash discount?? If discount is considered as trade discount then how can there be an uniform gross profit rate?? Please clarify this to me.....
latest answer
Uniform gross profit (is generally an average rate) through out the year.
VIJAYA SARADHI MAGANTI
CA Inter
★ 850
1
793
as 11
Accountancy
answered on 13-Sep-20 17:10
what is mean by contingent liabilities
latest answer
Liabilities which depend on future event. You will learn about it in AS-29.
shobha kamatwar
CA Inter
★ 250
1
769
Depreciation
Accountancy
answered on 14-Sep-20 02:07
Wt is the difference between depreciateion, provision for Depreciation and accumulated Depreciation
latest answer
Cost of the asset is spread over through out its useful life(working life). The portion of cost of asset that is allocated to a particular period is called depreciation. Depreciation is an estimate on some suitable basis because technically it is not possible to determine the exact remaining useful life of asset at the end of a period (As Wear and tear of machine depends upon many factors). Provision for depreciation and accumulated depreciation are same they are created for fair presentation of balance sheet. So that asset can be shown at original value at which it is purchased and total depreciation till date. Provision for depreciation is cumulative depreciation year after year. Hope it helps!!!
Shruthi V
CA Inter
★ 0
3
888
Underwriting Commission
Accountancy
answered on 13-Sep-20 12:53
Underwriting Commission charged on Shares taken by underwriters or total shares issued by company
latest answer
Total number of shares
Mkv N
CA Final
★ 750
2
969
Profit sharing ratioo
Accountancy
answered on 12-Sep-20 22:49
Case (I) given in question please solve
latest answer
I am sorry, if I interpret the question in a wrong way. So, here is the solution for you.
Bhavya jain
CA Inter
★ 800
4
735
Conversion of partnership firm into company
Accountancy
answered on 12-Sep-20 09:19
How's that dena bank 25000 credited in realisation account
latest answer
Loan
anamika vardhan
CA Inter
★ 1K+
1
834
