Forums
Amalgamation
Accountancy
answered on 01-Jul-21 11:09
Why Deb be transferred to realisation ac?
latest answer
Transferor company winds up the business and dispose off all its assets and pays its liabilities. The surplus if any is distributed among share holders. So, Debentures must be taken in realisation account.
Mala Ca
CA Final
★ 23K+
1
585
Partnership accounts
Accountancy
answered on 01-Jul-21 00:35
How they taken 3/15 and how come 18/90....ipcc PM Show me the calculation
latest answer
4 partners cho 2 partners sacrificer ne 1 partner gainer aa Rest last one partner da share 21+6-9=18
Triveni Patil
CA Inter
★ 290
3
598
NI act Sec4
Corporate & Other Laws
answered on 30-Jun-21 22:08
Bearer of the instrument meaning sir ?
latest answer
One who possesses / holds / carries the negotiable instrument.
Naresh M
CA Final
★ 75
1
653
CMA
Others
answered on 30-Jun-21 18:03
Hi, Can we get direct entry to CMA Inter after qualifying CSEET?
latest answer
check this link https://www.indigolearn.com/exam/CMA-Course-A-Complete-Guide
Fathima Nazar
CFA L1
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1
593
Free classes
Others
answered on 30-Jun-21 18:04
From when will free classes will be for revision for exams
latest answer
Ok
Varun Endukur
CA Final
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2
542
Cost sheet
Costing
answered on 01-Jul-21 10:42
Material calculation ?
latest answer
Tq
Chandra Maddi
CMA Inter
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3
628
Long term borrowing
Accountancy
answered on 30-Jun-21 17:50
What is the meaning of LONG TERM MATURITIES OF FINANCE LEASE OBLIGATIONS.?
latest answer
non current ( >1 year) payments of finance lease as per AS 19
bsai partish
CA Final
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1
503
Journal and ledger
Accountancy
answered on 30-Jun-21 17:25
In the preparation of journal and ledger in ICAI study material when it is given only as received from x or paid for erection of machinery etc,. in some cases it is considered as cash account involved and in some cases it is given as bank account so how to find where to use cash account and where to use bank account. kindly explain. Thankyou.
latest answer
In case 2; Erection of machinery . While buying a machine we are paying bulk amount.ao we are using bank transaction for that purpose. at the time of purchase of machinery only erection charges happens.so we are adding installation charges. So the bank transaction appears here.
Aswin Chandar
CA Final
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3
674
Journal and ledger
Accountancy
answered on 30-Jun-21 16:46
In my school days when recording discount received and discount allowed we used have 2 different accounts for recording them, however in ICAI study material a single discount account is maintained for both discount allowed and discount received entries. Should i follow the ICAI material and use discount account instead of discount allowed and discount received account. Kindly clarify. Thankyou.
latest answer
Follow ICAI
Aswin Chandar
CA Final
★ 40K+
1
538
Redemption of preference shares
Accountancy
answered on 30-Jun-21 17:02
In this question why does the cash and bank acc includes 7500?..while the int on deb to transferred to p &l acc..
latest answer
Thank you!
Pushkala S
CA Final
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789