Forums
Loss of stock
Accountancy
answered on 30-Oct-23 13:41
A fire occurred on 1st October, 2007 in the premises of X & Co. From the following, calculate the amount of claim: Stock at cost on 1.1.2006 Stock at cost on 1.1.2007 Purchases during 2006 90,000 Purchases from 1.1.2007 to 30.9.2007 70,000 4.00,000 Sales during 2006 Sales from 1.1.2007 to 30.9.2007 8,80,000 You are informed that: a) In 2007 the cost of purchases has risen by 20% over the levels prevailing in 2006. b) In 2007 the selling prices have gone up by 10% over the levels prevailing in 2006. c) Salvaged stock is Rs 5,000.
latest answer
Question does not look complete. Pls share image from the book/notes.
Sowmiga Chandrasekaran
CA Inter
★ 7K+
4
300
Cash flow statement
Accountancy
answered on 30-Oct-23 15:41
How income tax paid 1,15,775 in this que?
latest answer
https://youtu.be/q6OpWp30lQM?si=M3ezBGB7koY0AFZJ
Ujwal Reddy
CA Inter
★ 7K+
2
248
Accounts
Accountancy
answered on 28-Oct-23 22:05
What is the difference between an NGO and an NPO?
latest answer
Both are formed by private person NGO: 1.It main aim is to provide benefit to society by providing services 2.scope of NGO is large NPO: 1.It main aim is to promote certain object like education, trade, research etc.. 2.scope of NPO is limited with their objective
Nidhi S
CA Inter
★ 4K+
1
239
AS 10
Accountancy
answered on 30-Oct-23 16:17
Sir I have a small doubt in AS 10 Actually relocation cost will not be added to cost of the PPE but if that relocation gives future economic benifit can we add that cost sir?
latest answer
Okay thank you
JANANI SELVAM
CA Inter
★ 4K+
5
304
Depreciation
Accountancy
answered on 31-Oct-23 18:07
In this sum What is the depreciation for year3 Because if we apply 25% on WDV basis in year 3, the asset will not be fully depreciated at the end of useful life Because asset has only useful life of 4 years
latest answer
Thank a lot sir💯
Krishnan K
CA Inter
★ 5K+
12
344
Amalgamation of company
Accountancy
answered on 28-Oct-23 12:45
Practical question no.4 Why 3000Lakhs is deducted in general reserve
latest answer
Thank you sir.
Shyamala Murugan
CA Final
★ 0
4
284
Doubt
Accountancy
answered on 28-Oct-23 12:36
Why bad debts and return inwards are added in credit sales
latest answer
Prepare a ledger account and you will understand.
sai t
CA Foundation
★ 2K+
2
289
As 12 gov grant
Accountancy
answered on 28-Oct-23 12:40
Doubt 1: Refund happened on beginning of May. So why they didn't provided for depreciation for month of April and then add the refund like I did in my workings.
latest answer
The question itself has given the assumption.
Krishnan K
CA Inter
★ 5K+
1
247
Company accounts
Accountancy
answered on 30-Oct-23 22:47
How's the interest 60000 in the second transaction? Can anyone please explain me
latest answer
Thankyou so much bro 🤜
Divinne Fiona
CA Inter
★ 9K+
2
250
Departmental
Accountancy
answered on 27-Oct-23 14:30
Here, in khadi stock account how this ""1620"" is calculated i.e the adjustment of point 1. Plz explain
latest answer
https://youtu.be/yRMbOJC0cqY?si=Pz0mjjqAV6ubfT7U Covered in this video.
Rifhat Khan
CA Inter
★ 28K+
1
255