In this illustration 4 of the institute's textbook, Shouldn't the 25000 be deducted from the current account ? So wouldn't it become 945000?
Swathi Krishna
CA Final
★ 8K+
03-Nov-20 01:00
334
Answers (6)
Also why is rebate shown as other liabilities in this questions
Isn't rebate an income?
Thread Starter
Swathi Krishna
CA Final
★ 8K+
03-Nov-20 01:05
Plzz reply for the above two questions
Thread Starter
Swathi Krishna
CA Final
★ 8K+
03-Nov-20 01:06
One more doubt regarding same question
They have mentioned that "details are not based on figures given in the questions ."
Does that mean they have assumed some values ?
In exam they will gives the values rite ?
Plzz reply
Thread Starter
Swathi Krishna
CA Final
★ 8K+
03-Nov-20 01:11
Overdraft is already deducted. To disclose separately, we will add back.
CA Suraj Lakhotia
Admin
03-Nov-20 10:19
Unearned portion of discount has a credit balance.
CA Suraj Lakhotia
Admin
03-Nov-20 10:19
ARe you not able to trace back the values to the question?