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Accountancy
answered on 16-Jun-20 09:59
Infact, I also have them downloaded. Still they arent playing (sale of partnership)
latest answer
Please send screen shots to support@indigolearn.com. Will ask tech team to revert to you.
Kumarjit Dey
CA Inter
★ 4K+
1
660
Who is the founder of book keeping and accountancy?
Accountancy
answered on 15-Jun-20 08:58
Mordern accountancy
latest answer
5th century Italian mathematician, Frater Luca Pacioli is hte founder of modern day book keeping
jmk empire
CA Foundation
★ 0
2
817
General
Accountancy
answered on 15-Jun-20 09:07
What is meant by P&L Dr balance. Can u explain expandedly? Normal profit will have what balance either debit or credit?
latest answer
Profit & loss account includes both profits and losses, if the net effect is profit then its credit balance, if the net effect is loss then P&L a/c is a debit balance.
surya prakash
CA Inter
★ 2K+
2
816
Managerial remuneration
Accountancy
answered on 15-Jun-20 09:06
For the purpose of calculation of profits u/s 198 for providing managerial remuneration why we are not taking provision for tax value?
latest answer
because its profit before tax
surya prakash
CA Inter
★ 2K+
1
769
Journal
Accountancy
answered on 15-Jun-20 09:25
The journal for wages paid for erection of machinery 5000 rupees 1. Machinery account dr. 5000 To wages account. 5000 2. Wages account dr. 5000 To cash account. 5000 Or Machinery account dr 5000 Cash account. 5000 Which of the set should be recorded the first set of journal or directly the second set
latest answer
All expenses incurred for installation of the capital asset and necessary for it to be put to use have to be capitalised, hence wages paid for erection have to be debited to the Machinery account
lithish kumar
CA Final
★ 3K+
5
1K+
Cash flow statement
Accountancy
answered on 15-Jun-20 11:43
Can anybody explain What is voluntary separation payment and why is it in the asset side of balance sheet..?
latest answer
A voluntary separation scheme is established by a company struggling financially. The company offers employees the option to resign or voluntarily end their employment with the company in exchange for a certain settlement amount. Hence, the company sets up a fund to pay for future voluntary separation payments to these covered employees and that payment fund is reported as an asset in the balance sheet.
Aruna thavamani
CA Inter
★ 0
1
1K+
Pre .inx.and post Inc
Accountancy
answered on 13-Jun-20 16:02
Why dividend paid in equity shared is shown directly in balance sheet and not in pre inc .& post inc. profit statement ....why there is no treatment in pre &post Inc . Profit statement ?
latest answer
Dividend income does not affect company's net income or profit, dividends impact the shareholders' equity of the balance sheet
Sachin M
CA Inter
★ 280
1
692
Branch account
Accountancy
answered on 15-Jun-20 18:20
In book back illustration 5 In debtor method we no need to consider the branch ( in head office point of view we don't know that) but in this sum they entered in branch account Outstanding expense of branch also included how??
latest answer
Net profit as per branch account is 1102 it's correct
Kanaga Mani
CA Inter
★ 3K+
11
747
AS 11
Accountancy
answered on 15-Jun-20 11:54
In forward exchange contract When does premium or discount arise? When does profit or loss arise? When does exchange difference arise? What is the difference between All these? Please explain with examples
latest answer
1. The premium or discount, arises by the difference between the exchange rate at the date of the inception of the forward exchange contract and the forward rate specified in the contract. 2. Profit or loss arises upon cancellation or renewal of such forward contract
Satya Shashank
CA Inter
★ 13K+
3
796
Restoration expenses.
Accountancy
answered on 12-Jun-20 18:09
If restoration expenses is 66.5 after 3 years. And discount rate is 10% ... How to calculate present value
latest answer
1÷1.1 tease to 3 times =0.7513148009� 66.5 = 49.96 p.v of three years
Divya K
CA Inter
★ 885
1
729