Forums
Partnership
Accountancy
answered on 06-Dec-23 01:43
What will be Accounting treatment for retirement or death of partner when the partner says amount payable to him should be paid in equal installments just like pension every month??? And is it allowed as per law??
latest answer
Will be treated as loan to the Firm ( will be paid every month or as instructed)
Prathmesh Kharul
US CMA All
★ 6K+
2
259
Company accounts
Accountancy
answered on 05-Dec-23 04:33
In this sum In the interest calculation how they calculate months Please tell me
latest answer
Understood tq bro
Devi sri K
CA Foundation
★ 7K+
4
289
Dec mtp
Accountancy
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
latest answer
Yes
Devi sri K
CA Foundation
★ 7K+
17
450
Account current
Accountancy
answered on 03-Dec-23 09:05
Balance in Cooper’s Account (Credit) It is debit balance or credit balance
latest answer
Ok sister 👍 thnks
Devi sri K
CA Foundation
★ 7K+
5
271
Dec 2023 RTP
Accountancy
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
latest answer
Ok sir, thank you!
Vishnu Muraleedharan
CA Final
★ 32K+
2
432
Acc for sole proprietor
Accountancy
answered on 04-Dec-23 15:39
Can't understand 4th and sixth adjustment
latest answer
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]](https://lh3.googleusercontent.com/a/AAcHTtdScYQCuNRjJAXk0FzLv6v8DmxXAQ-DDznN_DDh=s96-c){kind=avatar}
SRIHARI K U [XI-D]
CA Inter
★ 4K+
3
365
Depreciation
Accountancy
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?
latest answer
Pls share your workings.
Divinne Fiona
CA Inter
★ 9K+
3
850
Partnership Accounts Admission
Accountancy
answered on 28-Nov-23 12:22
How did we got 50,000 sir please help
latest answer
And thankyou
Prathmesh Kharul
US CMA All
★ 6K+
8
395
Joint venture
Accountancy
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
latest answer
12200+1200 = 13,400.
Sowmiga Chandrasekaran
CA Inter
★ 7K+
2
449
BRS
Accountancy
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
latest answer
Understood tq sir
Devi sri K
CA Foundation
★ 7K+
2
400