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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
440
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
601
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
500
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
513
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
678
Banking Companies, Unit 5, Illustration 7(d)
Accountancy
answered on 14-May-22 10:10
Entry for Opening RBD is: Rebate on BD a/c To Interest & Discount a/c Why Opening Balance is not considered in Interest & Discount A/c here. Please clarify my doubt.
latest answer
Thank you for clarifying. ð???
Rahul Chandramouli
CA Final
★ 600
2
703
Investment ledger account
Accountancy
answered on 14-May-22 08:39
Typically investment is what type of account real account or nominal account investment ledger account?
latest answer
Yes
MPR Sanjay Kumar
CA Inter
★ 525
3
543
Examination
Corporate & Other Laws
answered on 14-May-22 10:44
Ma'am if there is a question in exam answer of which contain 15 point so what so what should 1) write all points 2) write few points with explanation?
latest answer
Yes
Nai Jay
CA Inter
★ 7K+
7
517
Financial accounts
Accountancy
answered on 14-May-22 12:48
What is Adjusted Purchases
latest answer
OS + Pur - CS = COGS Pur - CS = Adj Pur
Harsh Mittal
CA Final
★ 1K+
5
496
Branch accounts doubts
Accountancy
answered on 14-May-22 10:40
In practical question 5 please explain calculation of 245 and 2188 in branch account
latest answer
Yes i did
Sahil walia
CA Inter
★ 5
9
522