powered by logo

Forums

Consignment Account

Accountancy

answered on 08-May-23 07:53

Dear Sir, As per Modern approach there are FOUR nature of accounts I.E ASSETS, EXPENSE, INCOME , LIABILITY&CAPIAL . My doubt is that What nature of account does CONSIGNMENT ACCOUNT belong to ?

latest answer

It captures both income and expense.

Thankachan Jimmy

Thankachan Jimmy

CMA Inter

0

3

637

Sir much time to sir solved internal reconstruction in exam time if q for 20 mark and very landy question

Accountancy

answered on 07-May-23 22:00

Advanced alc

latest answer

Yes it should be done by that much time

Karan Yadav

Karan Yadav

CA Inter

10

3

577

Returns

Indirect Taxation

answered on 08-May-23 09:36

What is the threshold limit for QRMP in case of GSTR1? Is it the same in case of GSTR3B?

latest answer

Rs.5 crores

Vasu Naidu

Vasu Naidu

CA Inter

0

1

472

Financial instruments

Financial Reporting

answered on 07-May-23 16:10

In illustration 37 , the question says they are convertible debentures Then while calculating FV of financial liability, why repayment at the end of 8th year also considered?

latest answer

Yes. If its compulsorily convertible, then only interest part will be used to compute liability

Priya Namburi

Priya Namburi

CA Final

2K+

3

549

Advance alc

Accountancy

answered on 07-May-23 16:50

Chapter reconstruction chapter 5

latest answer

Second entry is Sundry Shareholders Dr. 2000 To Bank 2000

Karan Yadav

Karan Yadav

CA Inter

10

3

410

Question regarding Communication of Acceptance

Corporate & Other Laws

answered on 07-May-23 13:41

I know that Communication of Acceptance from the Offeror's perspective is done on the day the message is put into transmission and from the Acceptor's perspective, on the day it comes to the knowledge of the Offeror. However, what happens if the message is lost in transmission?

latest answer

nvm , my bad

Vishnu Muraleedharan

Vishnu Muraleedharan

CA Final

32K+

1

440

Marginal costing

Costing

answered on 08-May-23 18:50

Why can't we take the margin of safety percentage to the new sales value to find out the new margin of safety

latest answer

Yeah

Shaviri Reddy

Shaviri Reddy

CA Inter

1K+

7

692

Batch costing

Costing

answered on 07-May-23 12:34

From where have they got that 1/2 in computing total carrying cost

latest answer

For calculating average inventory.

Abishek M

Abishek M

CA Final

11K+

1

829

Cost sheet

Costing

answered on 07-May-23 12:20

Y cost per unit not included for fixed and variable overheads?

latest answer

Tq i dint see that

Ujwal Reddy

Ujwal Reddy

CA Inter

7K+

3

607

icaionlineregistration site

Others

answered on 08-May-23 07:49

I am not able to visit icaionlineregistration site to check ICITSS batches.

latest answer

Pls reach out to icai helpdesk

Angel Maria Varghese

Angel Maria Varghese

CA Final

9K+

3

626