Dissolution

answered on 27-Jan-24 10:34

Can anyone solve thiis question

latest answer

Ok sir thank u sir

jayesth Jain

CA Foundation

★ 835

5

208

Insurance claim

answered on 26-Jan-24 16:37

In some questions taking increase in turnover and in some questions not taking that how to understand this??

latest answer

Ok done

Devisree

CMA Inter

★ 0

5

207

Past year questions

answered on 24-Jan-24 15:06

Please help me to get past year question in 1fin qpp

latest answer

Yes Sir thank you

karthik m.k

CA Inter

★ 140

9

223

Treatment of expenses on accrual basis

answered on 26-Jan-24 16:32

If salary or rent for current month becomes due on 1st of next month and is payable by 7th of next month. Then as at 31st of current month, will there be a present obligation, and should this be treated as liability as at 31st of current month? These become due on next month due to contract (legal form) and we have enjoyed using the asset or received service of employee (substance). Should we use substance over legal form and conclude there exists a liability as at 31st? or Is there no liability as at 31st? Thanks :)

latest answer

You will create a liability on 31st itself. There are two aspects - Accrual and due. Salary is accrued as on 31st and it falls due on 1st.

Vignesh Venkatesan

CA Final

★ 5

1

305

Amalgamation

answered on 23-Jan-24 10:24

In realisation account why we haven't take debentures and loan from A. And taken trade payable?

latest answer

In the question it is said that the transfor company transferred only trade payable. So It got assumed that other liabilities got settled by transfor itself not taken over by buying company.

Abhishek Sahu

CA Inter

★ 1K+

1

201

AS 2 VALUATION OF INVENTORY

answered on 31-Jan-24 10:42

Fixed overhead valuation is correct in this question Budgeted capacity 15000 But actual is 10400 Fixed overhead is constant

latest answer

Can you pls elaborate your doubt?

sudharshan babi

CA Inter

★ 1K+

4

223

AMALGAMATION

answered on 22-Jan-24 14:54

why are we crediting business purchases account?

latest answer

You can combine and pass a single entry but sometimes you can miss.

Rohith Ashva

CA Inter

★ 140

2

166

Framework for Preparation of FS

answered on 22-Jan-24 08:45

Kindly help me in Balance sheet part. Although not asked in qn. New syllabus Pg. 2.35 sum no. 10.

latest answer

Thank you.

Rajasekaran Suresh

CA Inter

★ 495

5

256

Increase in inventory to be reduced in total expenses-illust 1 preparation of FS

answered on 23-Jan-24 11:52

WHy is increase in inventory added in total expenses?It should be reduced right since it will be credited to cost of good sold?

latest answer

okay

Nayana Kowshik

CA Inter

★ 120

2

205

Accounting Process

answered on 26-Jan-24 16:31

TRUE OR FALSE Is ledger an account? False, explanation: Ledger is not an account. It's a book (i.e) secondary book of accounting where accounts are recorded? IS THIS CORRECT??

latest answer

When we say ledger its a book. However, its an outdated concept because most accounts are maintained online.

Nidhi S

CA Inter

★ 4K+

4

202