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CA foundation, paper1
Accountancy
answered on 06-May-20 14:49
CA foundation, Principles and practice of accounting, rectification of errors, vedio no. 20 You have state that P&L account transferred to Capital account but in page no. 60 of PDF material that you have provided shows P&L adjustment account transferred to P&L account of the current year
latest answer
Tanq so much for clarification
Eswar Narayan
CA Inter
★ 3K+
4
750
Rectification of error
Accountancy
answered on 30-Apr-20 13:03
A debit Balance bof 2500 in the account of Shyam ,a creditor is included in the list of sundry debtors What entry will be pass ??
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Sundry debtor ac dr 2500 ...To sundry creditors ac2500 (SHYAM)
Saloni Kumari
CA Inter
★ 180
1
987
Rectification of error
Accountancy
answered on 13-May-20 08:15
I have not clear this all questions in image given below
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Stock Loss on stock damaged a/c Dr. 50000 Damaged To Purchases A/c 50000 Scrap sale Sale A/c Dr. 20,000 included in Sale To Loss on Stock damagedA/c 20,000 Amount received Building A/c Dr. 25,000 from insurance To Loss on Stock damaged A/c 25,000 for stock loss Loss transferred P&L A/c Dr. 5000 to P&L To Loss on stock damaged A/c 5000
Saloni Kumari
CA Inter
★ 180
7
1K+
Incomplete question
Accountancy
answered on 04-May-20 13:13
In video 15 (qna part 3) of AS 20, somewhere after 3 minutes, Sir says out loud "NP for CY rs 85.50 lacs" but this portion of text does not appear in the question
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We regret for the inconvenience caused. Necessary changes are made. Thank you.
Kumarjit Dey
CA Inter
★ 4K+
2
759
Extend time for another 20mins
Accountancy
answered on 29-Apr-20 18:46
In investment chapter completed upto 20 illustration pls give me another 20mins to finish it completely. Pls sir..
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Regret to inform that we have not yet built such capability to adjust course duration for one specific person. We shall ask tech team to implement that in due course
Uma j
CA Inter
★ 2K+
1
822
Journal Entry
Accountancy
answered on 30-Apr-20 13:47
Introduced cash, goods and furniture into the business.
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Thank you��
Rahul U S
CA Foundation
★ 0
4
819
Wrong animation in AS 20 lecture 9 "Diluted EPS"
Accountancy
answered on 29-Apr-20 17:04
See at around 2:55. The text should be Rs 250 Cr. Its written 50 Cr.
latest answer
We have made the change in the video. Thank you.
Kumarjit Dey
CA Inter
★ 4K+
2
960
Partnership Accounts
Accountancy
answered on 29-Apr-20 09:08
If new partner capital is more than old partners capital it is possible? Example: A's capital is 20,000 and B's capital is 15,000 and they share profits equally. C is admitted as a partner with 18,000 as his capital for 1/4 share in the profits.
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Thank you
Nalin kumar
CA Final
★ 445
2
774
Partnership-sale of the firm
Accountancy
answered on 29-Apr-20 08:45
How is business purchase account prepared ??
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Please refer to notes for Advanced Accounting (pg 317) under CA Inter- free resources in the app
anamika vardhan
CA Inter
★ 1K+
1
697
Accounting for independent branch illustration no. 11 Messrs ramchand & co
Accountancy
answered on 13-May-20 15:33
This question demands preparation of branch P&L, branch assets ac in the books of HO after incorporating trial balance as given in the question. 1,Such TB showing an account called head office current ac. What is the purpose of the account in this question? 2, after incorporating the TB in HO books, how can we transfer only cost portion of goods from HO ac & opening stock ac to trading & P&L. Becose if it done like that the profit portion of such ac still remain in such ac
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1. In order to know the amount payable or due to Head Office...Its current account is necessary 2. Because as per AS-2 Inventories to be recorded at cost and the Stock Reserve a/c will take care of the loading
subeesh p
CA Final
★ 1K+
1
775