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Branch accounts doubt
Accountancy
answered on 14-May-22 13:00
How in illustration 7 in woking note 3 602750 is written fron where does it come.
latest answer
Addition to plant and machinery given in the question
Sahil walia
CA Inter
★ 5
1
444
Branch accounts doubt
Accountancy
answered on 14-May-22 14:01
Please tell collection from debtors entry in head office books and branch books.....there is no photo of this....i am just asking journal entry
latest answer
Yes he is a teacher. Admin represents Faculty
Sahil walia
CA Inter
★ 5
5
425
Sale by seller after property pass section30(1) Sale by buyer before property pass30(2)
Corporate & Other Laws
answered on 14-May-22 13:04
In section (30)1 Will the buyer have the right against the seller? Section30(2)in this section seller can sue the buyer For the sale of good,
latest answer
30(1) The first buyer will have right against the seller. 30(2) Yes. for price.
SHARMA MUKESH
CA Inter
★ 11K+
2
485
Branch accounts doubt
Accountancy
answered on 14-May-22 13:08
Why in illustration 14 goods are not shown at invoice price and stock reserve is created,, and why in closing stock 80%of 3000 is taken
latest answer
Since branch is not preparing and trading accounts etc. HO will prepare the P&L as if it itself has done the transactions. So all items are recorded at cost.
Sahil walia
CA Inter
★ 5
1
453
Financial statements( managerial remuneration)
Accountancy
answered on 14-May-22 12:48
These not to be deducted for computation of profit Please explain the point C
latest answer
loss of a capital nature not including any excess of the written-down value of any asset which is sold, discarded, demolished or destroyed over its sale proceeds or its scrap value
Subash Chandrabose
CA Final
★ 32K+
2
587
Branch accounts doubt
Accountancy
answered on 14-May-22 13:11
Explain loss by theft journal enrry in illustraation13 and why in this question profit and loss account is prepared when it is not asked to.
latest answer
When you send goods to branch - you debit branch When the branch did not receive goods because of loss You debit loss and credit branch P&L Is prepared for the first entry
Sahil walia
CA Inter
★ 5
1
426
Audit Report
Auditing
answered on 14-May-22 13:12
If auditor has to include the paragraph Emphasis matter or other matter as a separate section in the audit report, he has to communicate with TCWG. Right What if TCWG refuses to include those matters as a separate one? What can auditor do in this situation? Can he include those without permission of TCWG ot should he make note of the reason for non acceptance by TCWG and let the report present without thr Emphasis matter or Other matter paragraph?
latest answer
Audit report is prepared by Auditor. So he/she would have all the right to include those matters in audit report.
Manoj Raj
CA Final
★ 12K+
1
581
AMENDMENTS
Accountancy
answered on 14-May-22 12:24
SLR CRR RATE
latest answer
Actually I have not started the branch accounts chapter, thatâ??s why hadnâ??t responded the queries When I am aware of the answers, will surely respond
Prasanna Venkatesan
CA Final
★ 3K+
3
488
Branch accounts doubt
Accountancy
answered on 14-May-22 13:17
Why in illistration 3(a) and illustration 6 in branch stock account loading and stock reserve is not written and why separate adjustment account is made here for these , how would we know that when to make adjustment account
latest answer
These two illustrations are based on different methods. Please read theory given before the illustrations to understand these.
Sahil walia
CA Inter
★ 5
9
496
Branch accounts doubt
Accountancy
answered on 14-May-22 10:58
Why in illustration 1(b) in branch expense account To expense is written , it should be To HO
latest answer
No. In the last entry Branch becomes our debtor. See it I have debited branch A/c
Sahil walia
CA Inter
★ 5
3
656