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Hire purchase

Accountancy

answered on 22-May-22 23:45

In the books of Hire purchaser, What is the nature of interest suspense a/c?

latest answer

May be liability

Girinath A

Girinath A

CA Inter

765

3

481

Hire purchase and installment sal transaction

Accountancy

answered on 12-May-22 16:18

Where this 1,50,000 came from and will the interest rate remain same if cash price is = rs.1,65,000

latest answer

Yes. This is the IRR formula. We have also taught the logical method without formula in AS 19.

Harsh Mittal

Harsh Mittal

CA Final

1K+

6

598

About the course purchased

Others

answered on 12-May-22 06:20

If I want to extend the course that I purchased for the next attempt what is the price that i need to pay?

latest answer

An extension is allowed once, the extension window opens after exams end. extension is available from one attempt to immediate next only. ping us on whatsapp at 9640 11111 0 for further doubts

Sahana S

Sahana S

CA Inter

0

2

457

Investment account

Accountancy

answered on 12-May-22 16:21

If debentures are sold the profit or loss is calculated by FIFO method or Avg. Method

latest answer

If nothing is mentioned you should consider dividends on bonus and rights.

Harsh Mittal

Harsh Mittal

CA Final

1K+

4

444

How to use GT fucntion

Others

answered on 11-May-22 22:35

Friends how to use GT function in DJ-120D calculator

latest answer

Yes this is working

nisam M

nisam M

CA Final

23K+

8

587

Company accounts

Accountancy

answered on 12-May-22 09:26

At time of forfeiture share capital should be debited with called value or face value ? In case if the shares are issued at premium the shares are fully called up and forfeited for non payment ? Then which value should be debited in share capital ? Either called value with premium or face value ?

latest answer

At the time of forfeiture, share capital should be debited with called up value. the shares are fully called up and forfeited for non-payment then share capital should be debited with called up value excluding Premium.

Veera dinesh.B

Veera dinesh.B

CA Inter

2K+

3

485

Internal Reconstruction

Accountancy

answered on 12-May-22 08:28

Can anyone explain this 5th point

latest answer

They told, after making all reconstruction entry and all adjustment whatever given in the question if any surplus funds remains in Capital Reduction A/c or Restructuring A/c then transferred to Capital Reserve A/c, or If any shortage of funds for meeting Dr bal of P&L a/c and towards writting off of assets then use other reserves to the extent needed...

Manoj Raj

Manoj Raj

CA Final

12K+

3

458

Internal financial control

Auditing

answered on 13-May-22 20:43

Which chap is belongs? Chap 6and another chap? Anyone explain this about plz, I am going to learn 1 st tym by ur explanation. So anyone explain crisp and short , or briefly ( if u have time )

latest answer

Welcome ð???

Sathiya Bama

Sathiya Bama

CA Final

24K+

12

588

AS 13 - ACCOUNTING FOR Investment

Accountancy

answered on 11-May-22 17:51

AS 13 - Not applicable to MITUAL FUNDS sir Why this answer given?

latest answer

Thank you

Subash Chandrabose

Subash Chandrabose

CA Final

32K+

3

528

settlement of Liabilities

Accountancy

answered on 11-May-22 19:26

In partnership, if no adjustments regarding Settlement of Liabilities given should we consider it as settled fully and debit Realisation a/c and credit cash a/c??

latest answer

Yes it is assumption

madhu miraa

madhu miraa

CA Final

5K+

3

465