ILLUSTRATION 4 I COMPLETE RECORRDS

answered on 13-Mar-24 14:29

sir in illustration 4 some items of furniture whose written down value on 31st march 20x1 and sold on 30th September 20x1 for 8000 is related to previous year transaction but how it can be shown in current year cash book and p and l account

latest answer

Think of it as 31st March 2001 & 30th September 2001. So if it is sold during September 2001, it falls in financial year ending 31st March 2002.

Surya Kiranmayee

CMA Inter

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1

63

SUM NO 8

answered on 13-Mar-24 14:15

In this question, the solution contains the profit and loss a/c already reduced from (875-50) and shown as 825 while passing the journal entries and again why are we deducting the 50 in the balance sheet as from(825-50)?

latest answer

The cost of issue of debentures has been reduced from the P&L balance.

Srividhya Sundarrajan

CA Inter

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4

129

Wrong Video Uploaded

answered on 02-Mar-24 20:06

There is no Question and Answer Video

latest answer

This has q&a

Prateek

CA Inter

★ 120

1

192

AS 28

answered on 02-Mar-24 20:07

Why there are no problems solved in AS 28 in the video lecture, which is there in the study material provided by you

latest answer

towards 3rd week of March.

Prateek

CA Inter

★ 120

3

57

Treatment of goodwill

answered on 01-Mar-24 15:52

In answer they take profit and amount withdrew by partners are taken only 1/2 off the amount

latest answer

No, question does not mean that the half of profit is withdrawn from the firm, it means that drawings during the year are 1,50,000 and profit during the year is 2,00,000 and balance sheet is prepared at the year end, So to get the average capital employed at the beggining of year (For computation of normal profit) we need to do back caluclation i.e Total capital at the end of year means as on B/S date-profit+drawings.

Harish Raj

CA Inter

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1

172

As 13 Investment accounting

answered on 27-Feb-24 13:36

On purchase of debentures on cum-interest Is Brokerage on Percentage is computed after reducing interest portion?

latest answer

On transaction price

Mile s

CA Inter

★ 250

3

203

Cash flow statement

answered on 02-Mar-24 19:04

In Illustration 8 in cash flow statement, jyoti sum, in the answer, receipt of grant for capital projects is mentioned as cash flow from investing activities. But in the video, the answer has been solved on the basis of receipt of grant as financing activities. So is receipt of grant an investing activity or a financing activity? What to write in exam if this question arises? Please solve this doubt for me. I am confused.

latest answer

Ok... Thank you

MURALIDAR 05 M

CA Final

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6

414

Illustration 9

answered on 16-Mar-24 03:43

Sir as illustration 9 is not uploaded,I hv done the qn and attached..can u check and say whether it's correct

latest answer

Ok sir

Nithya sree G

CA Inter

★ 0

3

61

illustration 9

answered on 27-Feb-24 07:27

sir i think video is repeated .the video shows ilustration 6 instead of illustration 9.

latest answer

will check

Nithya sree G

CA Inter

★ 0

1

59

ILLUSTRATION 6

answered on 27-Feb-24 09:34

sir why in this sum u hv done proportionately whereas the similar qn illustration 2 it was simple and not complicated.can u xplain the difference b/w both the qns .i find them similar but the solution is confusing

latest answer

Okay sir

Nithya sree G

CA Inter

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2

55