Forums
AS 11
Accountancy
answered on 27-Aug-24 13:16
Can anyone send solution of this problem?
latest answer
Thanks, it is clear now
Mainak Chakraborty
CA Inter
★ 0
3
230
Partnership and LLP accounts
Accountancy
answered on 23-Aug-24 10:06
Who we got ram,mohan, and shyam capital accounts.
latest answer
They've been carried down there from the partners capital a/c A[balance Carried down (c/d)]
RAVITEJA MERUGU
CA Foundation
★ 740
1
226
Partner ship firm
Accountancy
answered on 28-Aug-24 09:03
Why he took 2000000 in the answer
latest answer
Can you share the question
RAVITEJA MERUGU
CA Foundation
★ 740
2
253
How to calculate pvf @12.6% for 2yrs in calculator sir
Accountancy
answered on 21-Aug-24 10:35
My pvf is different from book pvf
latest answer
Thank u so much
Sri Durga
CA Inter
★ 590
7
484
AS 13 - right issue - renouncement of rights
Accountancy
answered on 19-Aug-24 10:24
If we are selling the right issue to other person without purchasing the share then why should we credit the investment of equity share acount. We haven’t make any impact previouly. (i.e. Purchase of investment entry)
latest answer
Generally after a rights issue, the price of share would fall down. So if the price falls down, it is appropriate to reduce it from the cost of shares.
Akshaya Sridhar
CA Inter
★ 1K+
1
259
Rectification
Accountancy
answered on 19-Aug-24 10:31
Goods worth Rs.1000 were sent on sale or return basis to a customer and entered in the sales book.At the close of the year, the customer still had the option to return the goods.The sale price was 25% above cost. Then what is the cost of the goods & how is the sale price 200.
latest answer
Cost - 100 Profit - 25 ------------ Sales - 125 Profit percentage is 25% on cost i.e. 25/100 which is 20% on sales i.e. 25/125
Aamina Muneera
CA Foundation
★ 1K+
5
499
Rectification of error
Accountancy
answered on 19-Aug-24 17:10
Why income is shown in liability side
latest answer
Income has a credit balance and is shown on credit side of profit & loss account.
Sathya S
CA Foundation
★ 3K+
1
274
AS 7
Accountancy
answered on 20-Aug-24 09:08
ICAI material Pg no.8.27 4th and 5th MCQs explanation?
latest answer
In 4th MCQ revenue to be recognized based on work certified as given in the question. So, the answer is 320Lakh In 5th MCQ the total expenses are the cost incurred till date i.e., 360Lakh
Monika T
CA Final
★ 7K+
1
234
AS 16
Accountancy
answered on 17-Aug-24 01:03
here in this question, where did 52,50,000 Rs came from?!
latest answer
We are calculating the average accumulated interest. And then reducing the specified loan part from it. That is 50 Lakhs. And on the balance part that is 2,50,000 we apply 9.6% to arrive at the interest. So the interest to be capitalized is 1. On specified loan [50,00,000 × 8%] 4,00,000 2. On general Borrowing [(52,50,000 - 50,00,000) ×9.6%] 24,000
Niveta Rajkumar
CA Inter
★ 6K+
1
356
Journal
Accountancy
answered on 17-Aug-24 00:43
I need Solution and explain for this sim
latest answer
You're welcome
Muthu Manickam
CA Foundation
★ 100
6
291