Forums
Partnership A/C
Accountancy
answered on 13-Mar-21 16:51
Hello Sir/Mam When we do memorandum revaluation A/C , we should adjust the bal. Fig b/w the outgoing partner or incoming partner and existing partners. My question is Can we prepare memorandum revaluation A/C without any change in partnership?
latest answer
Ok mam :)
Meda Jeevansai
CA Final
★ 21K+
2
642
Ratios
Financial Management
answered on 25-Mar-21 10:56
In solution Proprietary fund is calculated using TA= Equity + debt but shouldn't it be TA= Equity+Debt+CL? Please explain
latest answer
It is correct.
Priyanka Udeshi
CFA L1
★ 14K+
9
658
Agency
Corporate & Other Laws
answered on 13-Mar-21 12:06
What does the line underlined in red mean?
latest answer
The underlined sentence just substantiates the fact that consideration is not necessary for agency contract. Acceptance by Aman for being Raman's agent is deemed as sufficient consideration. Aman gets authority to act as agent Raman gets an individual who will work on his behalf
Aman Mahajan
CA Final
★ 19K+
1
667
Eligible for final
Exams
answered on 13-Mar-21 09:57
If I pass ipcc in May attempt I am eligible for final in Nov exam or not my articles also completed
latest answer
You may try but it will be difficult both to prepare as well as complete final registration immediately after IPCC results and also apply for exam immediately after getting registration
vinay kumar
CA Inter
★ 14K+
3
717
Economics
Others
answered on 14-Mar-21 10:58
Sir from where can we get the answer of long answers questions given in Modules Test you Knowledge section?
latest answer
Will check but not sure
Priyanka Udeshi
CFA L1
★ 14K+
11
612
fast moving item
Costing
answered on 15-Mar-21 10:19
Can someone solve this question?ð??? I got the answer as material X. But the inventory turnover ratios I got are so big.
latest answer
Please provide your workings. We will let you know if it is correct.
Ali S
CA Final
★ 8K+
2
636
Admission of partner
Accountancy
answered on 13-Mar-21 16:27
Why that entry (coloured part) has been passed in partner capital accounts
latest answer
It will tally. Increase in Bank by 25,000 and Beeta's capital by 25,000
siva chaitanya
CA Final
★ 13K+
5
751
AS 2
Accountancy
answered on 12-Mar-21 22:04
In question 4 how we know that excise duty is at rs10/unit
latest answer
It got missed in the question. Please read it as : Purchase price includes an excise duty of Rs. 10 per kg in respect of which full CENVAT credit is admissible.
Agness Blessy
CA Final
★ 2K+
3
756
semi annual
Costing
answered on 15-Mar-21 10:39
If semi annual carrying cost is given as 5%, then while finding EOQ it should be taken as 10% .right?
latest answer
Yes. Semi annual is for half-year.
Ali S
CA Final
★ 8K+
1
633
total carrying cost at EOQ
Costing
answered on 15-Mar-21 10:31
In finding total carrying cost at EOQ, is min stock always 0 while finding avg stock level (=min stock +EOQ/2), even if min.stock is given as, say 1000 units? At all other reorder quantities, it is obvious to take min stock as 1000(in this case) while finding average stock. I am asking about at EOQ level.
latest answer
Minimum stock is taken at a value given in the question and will not be taken as '0'. Where is it specified that you should take it as '0'?
Ali S
CA Final
★ 8K+
1
572