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Exam presentation
Accountancy
answered on 30-Jun-20 11:02
In Npo sir told in video5 last 3mins of other method can we write in exam
latest answer
Yes you can but with complete working and explanation
Jashwanth S
CMA Inter
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2
722
Death of partners
Accountancy
answered on 29-Jun-20 20:47
How gain of y calculated.i am getting 4/15 but the answer seems to be 2/15?? Can some one show the working of gaining ratio
latest answer
Thank you..
Aravindh Kumar
CA Inter
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2
780
Branch
Accountancy
answered on 29-Jun-20 15:49
In illustration 13 of icai why is goods sent to branch credited to trading acc
latest answer
Sorry wrong ques no replies req.:)
Saathik Nj
CA Inter
★ 0
1
753
REDEMPTION OF DEBENTURES
Accountancy
answered on 30-Jun-20 14:43
Sir, If the balance sheet date is 31 March and the board has decided on 1 st June that the debentures are to be redeemed at the end of the year or in coming future. As we create the DRR on 31 March of previous year and the investment on or before the 30 th April so do we have to consider this DRR as a prior period item as per the AS5 ?
latest answer
Thanks
aman kawad
CA Inter
★ 7K+
2
750
Rectification of errors
Accountancy
answered on 29-Jun-20 10:19
Practical question 1
latest answer
Bad debts written off, needs a new entry => Bad Debts A/c Dr. 1560 To Trade Receivables A/c 1560 Provision for bad debts 10% of Actual debtor balance Debtor balance given = 23390 LEss: point (iv) excess amount accounted to a customer (1740-1470) = 270 Less: Bad debts written off, (not accounted earlier, entry passed now) = 1560 i.e 21560 is correct balance of debtors correct provision = 10% of 21560 = 2156 Provision created = 2320 Excess provision to be reversed now = 164 Provision for bad debts A/c Dr. 164 To P&L A/c 164
Sweety SRH
CA Inter
★ 9K+
1
879
REDEMPTION OF PREFERENCE SHARES
Accountancy
answered on 29-Jun-20 15:30
Sir/Ma'am How do we identify whether the company is Sec133 or not so that we know that SPR can't be used. What does this sentence mean
latest answer
Section 133 talks about notification of AS by Government. Most companies would fall in this category. For your second doubt refer to our revisionary video on preference share on youtube. https://youtu.be/5WSDaC_0Qfc
aman kawad
CA Inter
★ 7K+
1
753
Branch acc
Accountancy
answered on 29-Jun-20 11:56
In illustration 10 of icai material why is the difference in invoice and cash price goods sent to branch a/c not credited to stock n reserve a/c?
latest answer
It is not goods sent to branch it is goods received by outlet. In Rahul's books we will not record the stock reserve which belongs to the wholesaler.
Saathik Nj
CA Inter
★ 0
1
698
Branch accounts
Accountancy
answered on 28-Jun-20 00:49
Why is bank/cash account not opened in illustration 8 while the same is opened in illustration 4 in icai material?
latest answer
In illustration 10 why is the difference in invoice and cash price of goods invoiced to outlet not credited to stock reserve a/c?
Saathik Nj
CA Inter
★ 0
3
694
Inventory chapter 4
Accountancy
answered on 28-Jun-20 17:57
Sir in case the purchase is made in the current year for eg march 2019 and the good are recieved on next year , Now Whether the inventory for the year ended 2019 will include that purchased inventory or not? And one more doubt ie is there a difference between physical inventory and closing stock? If yes then what it is?
latest answer
Ok thank u mam
Abhishek Purohit
CA Inter
★ 10K+
9
798
Joint life policy
Accountancy
answered on 26-Jun-20 13:21
When partner died after claiming a insurance he is still liable then what there do and what will effect in balance sheet
latest answer
When a partner dies, the amount received from the insurance company will be credited to the Joint Life Policy Account, the balance on this account is then transferred to the capital accounts of partners (including the deceased partner) in the profit- sharing ratio.
Jashwanth S
CMA Inter
★ 2K+
1
769