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AS 10, revaluation reserve which method is proper ?
Accountancy
answered on 20-May-24 15:24
Sir there are 2 ways one question is solved in sujjested answer different format is mentioned and in icai mat different format is mentioned
latest answer
both are acceptable and depends on the question.
Sushmita Chowdhury
CA Inter
★ 2K+
4
412
Inventory account
Accountancy
answered on 20-May-24 15:27
Why is inventory account being prepared and not trading account, for this question. Also how to know which account to prepare: inventory or trading account?
latest answer
You can prepare Trading account and solve it. You would get the same answer.
Nova Shaji
CA Inter
★ 2K+
1
236
Accommodation of bills
Accountancy
answered on 20-May-24 15:27
For 1/9/22, three entries are being passed. Is it fine to pass a single compound entry like this: Bills Payable A/C Dr 180000 Cash a/c. Dr. 9000 Discount account. Dr. 1000 To Sales account. 1 90 000
latest answer
Yes
Nova Shaji
CA Inter
★ 2K+
1
205
AS 12
Accountancy
answered on 09-May-24 09:10
If the asset is accounted for a nominal value of say ₹1 or ₹10 and the useful life is 10yrs, then what will be the amount of depreciation that will be charged for the useful life of the asset?
latest answer
Depreciation will not be charged as it is immaterial
Mahesh Ram
CA Inter
★ 0
1
348
Bank reconciliation statement illustration 11
Accountancy
answered on 07-May-24 08:21
Sir, please explain this sum I can't understand this method
latest answer
Ok thankyou sir
Pradeesha Dharmaraj
CA Foundation
★ 1K+
2
286
GOODWILL OF PARTNERSHIP ACCOUNTS
Accountancy
answered on 07-May-24 15:44
Can we write goodwill table form as working notes in the exam ( like explained in the lecture ) instead of profit sacrificing ratio will we get marks for it ? or should I just write the same way given in module
latest answer
Yes
Vijaya Lakshmi Pojula
CA Foundation
★ 2K+
1
403
goodwill of partnership accounts
Accountancy
answered on 20-May-24 15:52
can we write/ use goodwill table form in the exam the same way thought in the lecture instead of sacrified share all ?
latest answer
Yes
Vijaya Lakshmi Pojula
CA Foundation
★ 2K+
3
217
Preparation of final accounts of sole proprietorship illustration 9
Accountancy
answered on 07-May-24 15:44
Sir please explain about this GST
latest answer
We have added a video on GST - separate chapter. The final accounts question will also be added.
Pradeesha Dharmaraj
CA Foundation
★ 1K+
1
289
Buy back equations
Accountancy
answered on 03-May-24 11:08
From reserves of ₹45 L we deduct crr amount and amount used for buyback. Here buy back price is ₹30 it means it includes ₹10 face value per share. So that remaining ₹20 per share is needed. Am I correct in this context?
latest answer
yes
sitaram kollepara
CA Inter
★ 2K+
1
190
Revenue recognition
Accountancy
answered on 03-May-24 07:45
Sir, if expenses are identified.we should provide in the current year..but it is given in the 3nd question that 36000 but we have to provide for 120000 sir..likewise in the 5th question sir..what is the correct answer sir
latest answer
Thank you so much..
shanthini hariharan
CA Final
★ 10K+
2
317