Doubt

answered on 06-Nov-23 13:37

I am confused between BALANCE B/D AND BALANCE C/D please help. Even I am confused in Dr Bal and Cr bal of Cashbook and passbook

latest answer

Dr. Balance in cash book - Its an asset - receivable from bank Cr. balance in cash book - liability - payable to pank Dr. Balance in passbook - Bank has to receive / we have to pay Cr. balance in passbook - Bank has to pay us / we need to receive. So whereever you see a debit balance - think of it as an asset and receivable. So if bank passbook has dr balance - Bank's Asset - Bank to receive.

Prathmesh Kharul

US CMA All

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207

Adv acc Banking company

answered on 05-Nov-23 19:25

P & L Nov 19 ques paper Ques 4 a *How come they have computed interest / discount to be 114,85 for the yr 2018- 19?

latest answer

Loss on sale of investment should be deducted from profit on sale of investment or should be shown in operating expenses. Since it was deducted from interest and discount it should be added back.

kowselyaa G

CA Inter

★ 2K+

5

217

Depreciation

answered on 06-Nov-23 09:21

6 X purchased a machinery on 1st January 2017 for Rs. 4 80,000 and spent Rs. 20,000 on its installation. On July 1, 2017 another machinery costing Rs. 2,00,000 was purchased On 1st July, 2018 the machinery purchased on 1st January, 2017 having become scrapped and was sold for Rs. 2,90,000 and on the same date fresh machinery was purchased for Rs. 5,00,000, Depreciation is provided annually on 31st December at the rate of 10% p.a. on written down value. Prepare Machinery account for the years 2017 and 2018 Loss on sale of Machine Rs. 1,37,500, Closing Balance of Machine: Rs.6,46,000

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What is your doubt in this?

Sonia Arora

CA Foundation

★ 0

2

484

AS 20 sum

answered on 05-Nov-23 19:26

In this sum...while computing BASIc EPS why convertible debentures issued taken in WANES?....................and the same (10lakh shares)is also divided by 2......why?

latest answer

You are welcome 🤗

kalees waran

CA Final

★ 5

5

259

NBFC

answered on 05-Nov-23 16:01

Can anyone share me NBFC handwritten notes.

latest answer

Thanks a lot

kowselyaa G

CA Inter

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5

266

Advanced acc - NBFC

answered on 07-Nov-23 11:52

Illus 3 “4 accounts Amount over due rs. 20 lacs - already identified as substandard assets “ What does already identified mean ?

latest answer

They have to be classified.

kowselyaa G

CA Inter

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1

189

AS-10 : Property plant and equipment

answered on 04-Nov-23 21:19

Cost incurred after PPE is ready for use but is not put to use / partially put to use is not included in cost of PPE . Explain!

latest answer

Got it. Thank you!

Gungun Lahoty

CA Inter

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2

193

As 16

answered on 03-Nov-23 17:02

Yesterday question paper Is my answer correct??

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Thank you sir

Krishnan K

CA Inter

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2

262

Order

answered on 07-Nov-23 11:55

Can anyone please let the the sequence to study AS 1-29 to be able to learn conveniently? Please

latest answer

Rest after that. Amalgamation, Cashflow, Consolidation along with main chapters.

Sathya Moorthy

CA Inter

★ 340

8

209

INVESTMENT PRESENTATION

answered on 02-Nov-23 12:53

For investment Ac sums can we use both sides of papers one for Dr side and another for credit side. Or Can we write the answer by rotating the paper and writing

latest answer

Try using horizontal , single page.

Study together IAS with tamil

CA Inter

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3

213