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Journal Entry
Accountancy
answered on 02-Sep-22 15:49
Purchase of Car The journal entry should be Purchase a/c. Dr To Cash a/c Or Motor Car a/c Dr To Cash a/c
latest answer
See he can purchase the car on two reasons 1. He is into business of sale of cars 2. He uses such car for business purpose (ex:he travels by car to the client places) So if his business is sale of cars then it will be inventory for him so the entry will be as follows PURCHASES. A/C. Dr To Cash/Bank If he uses such car for business purpose then it becomes capital expenditure So entry will be as follows Car A/ C. Dr To cash/ bank
Prathmesh kharul
CA Foundation
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6
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Inventory
Accountancy
answered on 02-Sep-22 21:09
oil used in machines is it inventory or not??
latest answer
Yes inventory
Prathmesh kharul
CA Foundation
★ 3K+
4
407
Inventory
Accountancy
answered on 01-Sep-22 22:25
For a car manufacturers WHEELS AND ENGINE is a RAW MATERIAL OR WORK IN PROGRESS???
latest answer
You can call it raw material.Work in progress is if a car is completed only half way,then it will be called as work in progress
Prathmesh kharul
CA Foundation
★ 3K+
6
508
Presentation of Auditing paper in the final examination
Auditing
answered on 02-Sep-22 09:15
How to present Auditing true or false statements in auditing paper
latest answer
Step 1 : Given Statement is True / False Step 2 : Write the provision, based on which you consider the statement as True / False
Sindhuja VT
CA Final
★ 3K+
8
513
Doubt
Accountancy
answered on 02-Sep-22 21:11
What is capital appreciation??
latest answer
Increase in the value of stocks, land such that such investor does not have involvement in such increase
Prathmesh kharul
CA Foundation
★ 3K+
6
436
Insurance claims
Accountancy
answered on 01-Sep-22 18:55
Kindly solve this sum no 2 please
latest answer
You got it right.
Dhakshana Dhakshana
CFA L2
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5
601
Practical ques 10 of investment decisions
Financial Management
answered on 01-Sep-22 19:08
Why opportunity cost is added here ?....Can we add opportunity cost after tax like in the 8th sum ?...if we do so ,can we get the same ans?
latest answer
No.. We cannot add it after tax like we added in 8th sum In 8th sum it is specifically given in the question that "opportunity cost which is after tax"
Sri Yoga Vishwa. P
CA Final
★ 2K+
4
503
Changes in study material
Accountancy
answered on 01-Sep-22 17:01
What are the changes in 2021 study material over 2020 material in advanced accounting for ch 4,5,6,7?
latest answer
You can refer the latest study material available
Pushkala S
CA Final
★ 3K+
3
494
What is interest accrued and not due?
Accountancy
answered on 02-Sep-22 16:17
Here I am confused in this adjustment
latest answer
142500 is loan payable - long term Interest payable - short term - shown separatelyÂ
Sugam SM
CA Final
★ 9K+
6
743
MOCK TEST SERIES
Others
answered on 03-Sep-22 14:24
Is mock test free for course buyers?
latest answer
Yes !
Shankari C
CA Inter
★ 12K+
14
810