powered by logo

Forums

Query related to Joint Life Policy (partnership firm, dissolution)

Accountancy

answered on 04-Nov-20 17:11

How to treat â?¢ JLP Reserve (which appears on Liability side) â?¢ JLP (asset side) â?¢ JLP "surrendered" given in additional info Through Realisation and/or Partner's Capital Accounts? See attached for Q.

latest answer

Two approaches. 1. Transfer both reserve and policy to realisation and give credit to the amoutn collected/received from the policy. 2. Transfer reserve to partners capital account directly. Transfer JLP to realisation and give credit for amount received.

Kumarjit Dey

Kumarjit Dey

CA Inter

★ 4K+

1

1K+

Amalgamation

Accountancy

answered on 04-Nov-20 15:24

Which one is correct sir? Unrealised profit entry P&l a/c..dr To cash a/c (Or) P&l a/c..dr To stock a/c....

latest answer

Second entry. You have reduce the value of stock, by reducing the profit element

anju B

anju B

CA Inter

★ 21K+

1

736

Mock test paper nov20

Auditing

answered on 04-Nov-20 17:04

In the mock conducted by institute, in question 6(d) , if I provide my answer in this manner, how much mark will I be alloted?

latest answer

K. Thank you so much , sir

Swathi Krishna

Swathi Krishna

CA Final

★ 8K+

4

770

Provisional admit card

Exams

answered on 04-Nov-20 17:03

What to do if I got provisional admit card for my inter exam ??

latest answer

ICAI will contact in case of any further action required from your end.

anamika vardhan

anamika vardhan

CA Inter

★ 1K+

1

827

Example

Corporate & Other Laws

answered on 04-Nov-20 20:52

Please state some example for this section

latest answer

Understood sir thank you

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

★ 3K+

2

743

Sampling

Auditing

answered on 06-Nov-20 14:00

Can u give me an example of a situation in which the following two can't be found by an auditor?

latest answer

K thax

Swathi Krishna

Swathi Krishna

CA Final

★ 8K+

4

662

Sampling

Auditing

answered on 06-Nov-20 15:59

What does this sentence mean?

latest answer

Non statistical is judgemental.

Swathi Krishna

Swathi Krishna

CA Final

★ 8K+

3

798

Money debited

Direct Taxation

answered on 04-Nov-20 08:53

For buying income tax class 9 and 10 I had paid 250 rupees and it is credited from my bank account I had used the UPA mode of Google pay and after that in indigolearn showing the status as transaction is failed you please make me available that class as soon as possible

latest answer

Thanks for fast reply

Hafsath mc

Hafsath mc

CA Inter

★ 10K+

2

849

Provisional admit card

Others

answered on 04-Nov-20 07:30

How do I ensure my admit card is not provisional

latest answer

SUbmit pending documents asked by ICAI

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

★ 3K+

1

710

Capital gains

Direct Taxation

answered on 04-Nov-20 08:02

Is it 1/4/2014 or 2015 sir..

latest answer

Ok sir

Shruthi V

Shruthi V

CA Inter

★ 0

4

852