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Capital or Revenue expenditure
Accountancy
answered on 12-Aug-20 19:34
Amount spent to reduce working expenditure Is this capital or Revenue expenditure???
latest answer
Where is MTP for Aug-20? I could find only MTP for May-20.
Gowshika LT
CA Final
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10
693
As 4
Accountancy
answered on 02-Aug-20 14:37
Shouldn't the cutt off date be 31st March 2017 Why is it given 31st May 2017?
latest answer
K
Swathi Krishna
CA Final
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4
670
Admission of partner
Accountancy
answered on 05-Aug-20 07:15
Pg no: 8.62 Example Case 5 Question its stated as 1/3rd share but solved as A's sacrifice 1/5 Ã?2/3.. Even in video its solved as 1/5. Is it to be solved using 1/3 or 1/5.If 1/5 what's the reason?
latest answer
Thank you,Sir
Swetha S
CA Inter
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2
705
Liquidation of companies
Accountancy
answered on 01-Aug-20 14:58
In the illustration 5 of new icai book of advance accounting module 2 chapter 7 how did trade payables became 75,500 in liquidator's final statement?
latest answer
As it is given paid 75,000 less 2% and also outstanding expenses were settled for 2,000 Creditors including Outstanding expenses => 75,000 X 98% + 2,000 = 75,500
Amal Antony
CA Inter
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663
Consignment accounts
Accountancy
answered on 03-Aug-20 10:37
Goods sent on consignment is it a transaction or event??. As goods sent on consignment does not transfer it's ownership only possession is changed
latest answer
Thank you very much mam!!!
VIJAYA SARADHI MAGANTI
CA Inter
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1K+
Rectification
Accountancy
answered on 03-Aug-20 10:05
In the 11th video there are two cases opening and not opening a suspense a/c Sir told if the suspense A/c is opened then the Suspense A/c debited to sales . In the trial balance, sales will become 2000 but on debit side there is already 2000 and with debit of suspense A/c it will become 3000 SO EXPLAIN THIS
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Thank you
Prasanth Kumar
CA Inter
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4
669
Inventory
Accountancy
answered on 03-Aug-20 09:36
What adjustment should be made for point 5and why???
latest answer
Out of 8000 received 70% are sold, hence 30% is unsold which is adjusted to the stock (8000*30%= 2400) as they are included in value on 15th April
Gowshika LT
CA Final
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3
638
Rectification
Accountancy
answered on 03-Aug-20 10:06
In this photo explain e point( second from last) without preparing a suspense account
latest answer
U will debit suspense and credit discount received U will debit party account and credit suspense account
Prasanth Kumar
CA Inter
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676
AS 18
Accountancy
answered on 30-Jul-20 18:40
Whether Common directorship is related party transaction or not
latest answer
no. Unless the director is able to effect the company policies in their mutual dealings
Gomathi K
CA Final
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678
Fellow subsidiary
Accountancy
answered on 30-Jul-20 18:41
What is meant by fellow subsidiary?
latest answer
All subsidiary companies under one common holding company
Gomathi K
CA Final
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