INVENTORIES

answered on 20-Jan-20 19:46

How is net profit for the current year is overstated, if closing stock is overstated?

latest answer

Draw a trading account and just increase the closing stock. You will figure out why it increases.

Niyantra M

CA Foundation

★ 220

2

675

Depreciation

answered on 17-Jan-20 13:31

All topic explan with small notes

latest answer

You can check accounting notes for CA Foundation

Rohan karthi

CA Foundation

★ 0

1

697

Ammentment

answered on 17-Jan-20 13:32

How to relize it ?

latest answer

What's your query

Abhishek thampi

CA Inter

★ 0

1

761

Accounting standards

answered on 12-Mar-20 12:58

Sir .....how to prepare standards... Theoitical part is easy to understand but.....when it come to practicality....IAM confused which source has to refer for practice.....

latest answer

ð???

Suman. Parihar

CA Inter

★ 1K+

8

803

Redemption of preference shares

answered on 18-Feb-20 11:16

Sir you said while calculating number of preference shares we should not include security premium... As we deal all companies under sec-133. **but you have included security premium to find number of shares required to issue why??? In illustration-4

latest answer

Thanks for asking this question

Star Ca

CA Inter

★ 3K+

6

1K+

Syllabus

answered on 21-Feb-20 11:35

Sir which part of partnership is removed from group 1 accounts

latest answer

Partnership from group 1 is moved to group 2 From may 2020 onwards. SO, no partnership in group 1

K Ram Prakash

CA Inter

★ 6K+

5

829

Doubt

answered on 16-Feb-20 09:39

Can any one explain why credit sales of furniture is not enter into salesbook??

latest answer

I missed the small logic

sai t

CA Foundation

★ 2K+

5

901

Doubt

answered on 26-Apr-20 16:45

Why don't we write closing balance of ledger for purchase account for purchase books??

latest answer

Tnq sir

sai t

CA Foundation

★ 2K+

4

895

Doubt

answered on 26-Apr-20 16:45

Can any explain why 'provision of depreciation' for furniture was written in credit side of trial balance rather than in debit side .

latest answer

Tnq

sai t

CA Foundation

★ 2K+

3

882

Partnership

answered on 18-Feb-20 11:21

Sir if nothing is mentioned in the adjustments below the balance sheet of partnership firm ,then in the balance sheet there is a employment Provident Fund. then the adjustment for the employment Provident Fund is it we have to transfer to realisation account . but nothing is mentioned about the payment of that employment Provident Fund we have to pass the entry realisation account debit To Bank account . this entry will be passed or not

latest answer

Nicely given the reason,tq

subramanyam yendakuarthi

CMA Final

★ 4K+

8

995