Company accounts

answered on 05-Dec-23 04:33

In this sum In the interest calculation how they calculate months Please tell me

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Understood tq bro

Devi sri K

CA Foundation

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241

Dec mtp

answered on 04-Dec-23 16:55

Employees had taken stock worth ` 20,000 (Cost price ` 15,000) on the eve of Deepawali and the same was deducted from their salaries in the subsequent month. Journal entry

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Yes

Devi sri K

CA Foundation

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385

Account current

answered on 03-Dec-23 09:05

Balance in Cooper’s Account (Credit) It is debit balance or credit balance

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Ok sister 👍 thnks

Devi sri K

CA Foundation

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219

Dec 2023 RTP

answered on 04-Dec-23 16:00

Q.4 B (4).....' Bad Debts aggregating 45,000 were written off during the year in the Sales Ledger but were not adjusted in the General Ledger' What does 'written off during the year in the Sales Ledger' mean? Answer to the question was: Bad Debts dr. to Suspense Ac (written off but not adjusted in general ledger)---> narration

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Ok sir, thank you!

Vishnu Muraleedharan

CA Final

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380

Acc for sole proprietor

answered on 04-Dec-23 15:39

Can't understand 4th and sixth adjustment

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Shared from *1FIN by Indigolearn* Final accounts How to calculate closing stock which is given in 6 adjustment. https://1fin.page.link/8SiQwRbX5xU3AvoK9

SRIHARI K U [XI-D]

CA Inter

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290

Depreciation

answered on 04-Dec-23 15:40

M/s Mazars purchased a brand new machinery on 1st January 2019 for ` 3,20,000 and also incurred ` 80,000 on its installation. Another machinery was purchased on 1st July 2019 for ` 1,60,000. On 1st July 2021, the machinery purchased on 1st January 2019 was sold for ` 2,50,000. Another machinery was purchased and installed on 30th September 2021 for ` 60,000. Under existing practice, the company provides for depreciation @10% p.a. on Original cost. However, from the year 2022 it decided to adapt WDV method and charge the depreciation @ 15% p.a. You are required to show the Machinery Account for the years 2021 and 2022 considering the books of accounts are closed on 31st December each year. Can anyone please solve the question and say the answer ? My answer is 151300 , whether it is correct or not?

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Pls share your workings.

Divinne Fiona

CA Inter

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777

Partnership Accounts Admission

answered on 28-Nov-23 12:22

How did we got 50,000 sir please help

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And thankyou

Prathmesh Kharul

US CMA All

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304

Joint venture

answered on 28-Nov-23 17:51

M and N enter into joint venture where 'M' supplies goods worth 12,000 and spend 200 on various expenses. 'N' sells the entire lot for 15,000 meeting selling expenses amounted to 400 profit sharing ratio equal. N remits M the amount due. The amount of remittance will be (a) 13,400 (b) 14,600 (c) 12,800 (d) 12,200

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12200+1200 = 13,400.

Sowmiga Chandrasekaran

CA Inter

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367

BRS

answered on 24-Nov-23 13:21

Of the total cheques amounting to ₹12370 drawn in the last week of December 2021 cheques aggregating ₹9360 where encashed in December 2021 How this treatment will be in BRS Please state with reason

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Understood tq sir

Devi sri K

CA Foundation

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348

BRS

answered on 25-Nov-23 04:46

On 20th December 2021 the debit balance of ₹8460 as on the previous day was brought forward as credit balance in the cash book How to account this in BRS Please state with reason

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Understood tq sir

Devi sri K

CA Foundation

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301