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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
★ 15K+
2
787
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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1
745
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
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Thank you very much mam!!!
VIJAYA SARADHI MAGANTI
CA Inter
★ 850
6
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
758
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
★ 40K+
3
700
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
★ 13K+
3
766
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
★ 40K+
1
764
Fellow subsidiary
Accountancy
answered on 30-Jul-20 18:41
What is meant by fellow subsidiary?
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All subsidiary companies under one common holding company
Gomathi K
CA Final
★ 40K+
1
742
Company accounts
Accountancy
answered on 30-Jul-20 11:19
In the managerial remuneration we deductedthe the depreciation as per schedule II of the companies act 2013 to the gross profit but what is the reason for deducting the schedule II depreciation
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Can you be clear about your query
subramanyam yendakuarthi
CMA Final
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1
679
Partnership
Accountancy
answered on 03-Aug-20 10:18
the current value of goodwill be taken to be equal to the book value of the asset-> What it means. The treatment done in practice manual -write off the goodwill which was there in b/s before retirement, Through capital a/c of partners.And contribute share of goodwill to the retiring partner by existing partners.
latest answer
The net asset on the balance sheet is defined as the amount by which your total assets exceed your total liabilities and is calculated by simply adding what you own (assets) and subtract it from whatever you owe (liabilities). It is commonly known as net worth (NW).
Pranav Connecting...
CA Inter
★ 4K+
6
788