Forums
Mock test
Exams
answered on 05-Jul-21 12:27
I like to submit my mock test before 14 July. It will be evaluated before exams?
latest answer
Our turnaround time is 15 days. if you need before exams - please keep this time line in mind and send the paper across
Vani
CA Foundation
★ 2K+
1
578
Matching concept
Accountancy
answered on 05-Jul-21 11:58
If opening stock is 6000 Units @Rs.40 per unit. Purchase 24000 units @ Rs.50 per unit. Sales 20000 units @ Rs.60 per Unit. Closing stick is 10000 units. Given that , Opening stock units is included in closing stock is 2000 units. Find Closing stock & profit.
latest answer
Yes. I too have derived this answer. Thank you for the response. No issuesð???ð?¤?
Priya Anandan
CA Inter
★ 810
5
624
Matching concept
Accountancy
answered on 05-Jul-21 14:20
If opening stock is 3000 Units@Rs.20 per units. Purchase 25000 units @ Rs.30 per unit. Sales 26000 units @ Rs.40 per Unit. Entire Opening sold during the year. Find Closing stock & profit.(Entire opening stock sold during the year)
latest answer
Tq for ur response
Yaswini Nithyanantham
CA Inter
★ 2K+
4
629
Journal
Accountancy
answered on 05-Jul-21 11:26
In the 2nd question 4th subdivision, why the 10% trade discount is not shown in the journal entry while Rs.5,000 cash discount for quick payment is shown.
latest answer
Trade discounts are not recorded in accounting books here only they consider Cash discounts and trade discounts are always inclusive in invoice price..
Vijay K
CA Inter
★ 9K+
1
920
Foreign branches
Accountancy
answered on 05-Jul-21 15:55
Here they already included outstanding salaries in salaries above but y they again seperately given outstanding compulsory
latest answer
Ok sir thank u so much
Likhitha Sivani
CA Final
★ 14K+
2
669
Flow Charts
Information Systems
answered on 07-Jul-21 21:32
Anybody have pdf of flow charts applicable for this attempt
latest answer
They are there in our course videos
Surya Prakash
CA Final
★ 19K+
6
558
Class notes
Others
answered on 05-Jul-21 10:31
It was mentioned in the website at the time of purchase that there will be class notes ....but now i cannot see them....where to find?
latest answer
Go to the free resources section and select the course you're perceiving. You'll find them
Ankita Debta
CA Foundation
★ 110
1
688
Consolidatn illustratn 5
Accountancy
answered on 08-Jul-21 10:22
Is the answer given in textbook of Illustration 5 of consolidated financial statements wrong? Because they have taken 500000*40% as dividend declared instead of 300000*40%. Pls check the answer I have attatched. Is this the right way to do or the solution in textbook itself is correct?
latest answer
ICAI solution is correct. Total shares in S Ltd is 5000 shares of Rs. 100 each. In those 5000 shares, H ltd holds 3000 shares. Here, S ltd declared dividend. So, total dividend is 500000 x 40% = Rs. 2,00,000. Share of H Ltd Dividend is Rs. 1,20,000
Ali S
CA Final
★ 8K+
1
569
Dividend
Accountancy
answered on 05-Jul-21 09:01
Dividend is declared only on the profit earned DURING the year, right? Or will it be declared on opening balance of P&L as well?
latest answer
Dividend can distribute out of the current year profits or previous years profits or free reserves or money provided by cg/ sg but dividend can never be paid out of capital profits of the company
Ali S
CA Final
★ 8K+
2
630
Chapter 2, page no. - 2.35 of module 2
Corporate & Other Laws
answered on 05-Jul-21 13:01
Can someone please elaborate section 59 of negotiable instruments act?
latest answer
Refer Video No. 59 of the Negotiable Instrument Act Playlist for detailed explanation.
Sambhav Singh Patel
CA Inter
★ 150
1
520