Forums
Happy teachers day!!
Others
answered on 06-Sep-20 10:59
Thank you so much sir
latest answer
Thanks a lot. Appreciate your wishes and all the very best for your exams
MAHESHWARI SHINDE
CA Foundation
★ 3K+
1
675
TEACHER'S DAY
Others
answered on 05-Sep-20 17:45
"A teacher presents the past, reveals the present and creates the future." HAPPY TEACHERS DAY" to all the teaching fraternity of Indigo learn. This app is really a wonder which is helping us to learn new things and clarifying doubts for students across the country. "Thankyou for everything and All the Best."
latest answer
Thanks a lot for the kind words and wishes!
VIJAYA SARADHI MAGANTI
CA Inter
★ 850
1
770
Insurance claims
Accountancy
answered on 05-Sep-20 17:47
Normally gross profit % is calculated as NP+ISC/TURNOVER OF PREVIOUS FINANCIAL YEAR RIGHT. BUT y here ww have used adjusted turnover
latest answer
The question talks about adjustment to be made.
Shruthi V
CA Inter
★ 0
2
667
Insurance claims
Accountancy
answered on 06-Sep-20 09:15
For reduction we should take standard turnover - actual turnover right.. Den y hv u take annual turnover here
latest answer
In table.
Shruthi V
CA Inter
★ 0
4
889
Teacher's day
Others
answered on 05-Sep-20 17:48
Happy teachers day :)
latest answer
Thank you!
Swathi Krishna
CA Final
★ 8K+
1
636
Cloud computing
Information Systems
answered on 06-Sep-20 11:25
Sir Netflix zoom app is pibkic cloud?
latest answer
Ok sir
Nivetharaman Raman
CA Foundation
★ 11K+
7
753
Chapter 3 of BCK
Exams
answered on 05-Sep-20 14:46
I have May 2020 print of bck book and I am going to attempt Nov. 2020 exams but various CEO,CFO and other members of company are changed as per the website. Which names should I remember for the exam??
latest answer
As per website.
Ram Shete
CA Inter
★ 2K+
1
909
Brs
Accountancy
answered on 09-Sep-20 23:58
Illustration 1. 7 th point
latest answer
Discount allowed is a loss to the business so it has debit balance as it is not posted in discount allowed column of cash book it will reduce the discount allowed total column by Rs 25. Which creates a difference(deficit of debit total) of Rs 25 in the total of debit balance and credit balance in trial balance and it will be transferred to suspense a/c. Once the reason for such difference is known suspense account balance is reversed and rectified with respective account as shown below entry. Currently suspense a/c will balance trial balance by appearing on debit side of trial balance which indicates suspense a/c has debit balance of Rs 25. Such (suspense a/c) debit will be credited as the reason known now and respective account (Discount allowed) will be debited which exactly should be debited. These nullifies the effect of suspense a/c. Hence, purpose of suspense account is served. Discount allowed a/c.....Dr. 25 To Suspense a/c. 25 (Being rectification entry passed in journal proper).
Prasanth Kumar
CA Inter
★ 13K+
4
782
Basic terminology of accounting
Accountancy
answered on 11-Sep-20 20:36
A machinery is purchased on 31rst march(end of accounting year.Whether is it considered as a transaction or an event? Many does answer it as an event.!
latest answer
The machinery which is purchased is a transaction as well as an event.
krithika balu
CA Foundation
★ 0
4
828
Teachers Day Wishes
Others
answered on 05-Sep-20 11:39
Being one is the highest privilege Having One is the best blessings ! Happy Teacher's Day to my all Faculties !ð??? All are the gems.
latest answer
Thanks a lot for your wishes. All the best for your upcoming exams
Madhaan S
CA Final
★ 14K+
1
779