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Accountancy - question
Accountancy
asked on 26-May-20 07:45
In some questions we are considering closing balance sheet is after deduction of some items like PBDebts, in other qsns we are Deducting from given closing balance, wherther it deducted or .. ?
latest answer
No answers yet!!
Suryaa Ss
CA Inter
★ 0
0
578
Credit provision
Accountancy
answered on 28-May-20 08:25
What is credit provision for bad debts? And how should it be treated? Should we subtract provision for bad debts from credit provision for bad debts , it is mentioned in the first line of the below attached photo
latest answer
PBD is a provision. It is reduced from Debtors in Balance sheet. If PBD balance is more than required then the excess is credited to P&L.
lithish kumar
CA Final
★ 3K+
6
904
Rectification
Accountancy
answered on 25-May-20 18:00
One item of purchase of â?¹ 25 has been posted from the day book to ledger as â?¹ 250. Then in trial balance purchase will have 250 debit bal and the supplier will have 25 credit bal and we will have a suspense account having credit bal of 225 So when we rectify I thought it should be Suspense account dr â?¹ 225 To purchase account â?¹ 225 But the answer in the book is Supplier a/c dr â?¹ 225 Suspense a/c â?¹ 225 Please help me to correct
latest answer
Once you post 250 in day book, the creditor account is credited by 250. Posting in ledgers happen from day book.
lithish kumar
CA Final
★ 3K+
1
896
Bank reconciliation statement
Accountancy
answered on 25-May-20 17:07
To rectify in adjusted cash book, if I have given a point like bank interest and charges amounting to â?¹4200 had been charged in the bank statement but not entered in the cash book My question is bank charges is a debit in passbook and bank interest is a credit balance in passbook but nothing has been mentioned clearly how should I consider it ,is it a inflow or outflow in cash book
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Thank you sir I got it
lithish kumar
CA Final
★ 3K+
5
781
Accounting standards ca Final old
Accountancy
answered on 24-May-20 18:11
I just bought Accounting standards [ca Final old] Where can i find pdf notes ?
latest answer
Found it. Thank youð???
Jai Vasuri
CA Inter
★ 4K+
2
667
Self ledger balancing
Accountancy
answered on 25-May-20 11:07
I'm intermediate July 2020 exam ,self ledger balancing chapter is useful for any another chapter concept are we leave it that
latest answer
We cannot predict and comment on specific chapter being tested in exams.
Kanaga Mani
CA Inter
★ 3K+
1
652
JE query from amalgamation
Accountancy
answered on 24-May-20 23:40
In case of an amalgamation in nature of merger, If it is given in the question that amalgamation expenses is bourne by purchasing company, which of the below two entries is correct? Goodwill a/c Dr... To Bank Or P & L a/c Dr... To Bank?
latest answer
Thank you.
Kumarjit Dey
CA Inter
★ 4K+
4
654
Revaluation account, partner's capital account and balance sheet
Accountancy
answered on 22-May-20 15:49
Please give answer of this question fast
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Upload the solution you solved and where exactly are you stuck
Priyanka Saini
CA Foundation
★ 12K+
3
1K+
Single entry
Accountancy
answered on 21-May-20 17:28
In illustration 3 part 2 video: A's capital was 150000 then he withdrew 75000 (when C's capital was introduced).so withdrew means we want to reduce the amount from 150000-75000 only know then How putting 2 capital amt for A alone?
latest answer
Ok tq mam
Kanaga Mani
CA Inter
★ 3K+
4
645
Depreciation
Accountancy
answered on 01-Jun-20 06:24
Is annuity method of calculating depreciation is in the portion ?
latest answer
Annuity and sinking fund methods are not in the syllabus...
Balaji R
CA Inter
★ 6K+
5
617