Banking

Accountancy

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

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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

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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?

CA Suraj Lakhotia

Admin

03-Nov-20 10:20

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