Forums
Journal
Accountancy
answered on 15-Jun-20 09:25
The journal for wages paid for erection of machinery 5000 rupees 1. Machinery account dr. 5000 To wages account. 5000 2. Wages account dr. 5000 To cash account. 5000 Or Machinery account dr 5000 Cash account. 5000 Which of the set should be recorded the first set of journal or directly the second set
latest answer
All expenses incurred for installation of the capital asset and necessary for it to be put to use have to be capitalised, hence wages paid for erection have to be debited to the Machinery account
lithish kumar
CA Final
★ 3K+
5
1K+
Cash flow statement
Accountancy
answered on 15-Jun-20 11:43
Can anybody explain What is voluntary separation payment and why is it in the asset side of balance sheet..?
latest answer
A voluntary separation scheme is established by a company struggling financially. The company offers employees the option to resign or voluntarily end their employment with the company in exchange for a certain settlement amount. Hence, the company sets up a fund to pay for future voluntary separation payments to these covered employees and that payment fund is reported as an asset in the balance sheet.
Aruna thavamani
CA Inter
★ 0
1
1K+
Maths P AND C
Maths & Stats
answered on 14-Jun-20 05:39
in the question of no two boys and no two girls sit together there is a possibility in the first case i.e when I start with boys the girl can sit at yhe first place or last . Why that option is not taken
latest answer
In how many ways can i arrange 3 boys and 3 girls such that no boys and girls sit together
Prasanth Kumar
CA Inter
★ 13K+
4
793
Probability
Maths & Stats
answered on 28-Jun-20 14:02
The probability of getting at least 3 heads in 8 tosses of an unbiased coin is A. 197/256 B.199/256 C.219/256 D.217/256
latest answer
I think you understand now
lohita Prava
CA Final
★ 35
4
811
Pre .inx.and post Inc
Accountancy
answered on 13-Jun-20 16:02
Why dividend paid in equity shared is shown directly in balance sheet and not in pre inc .& post inc. profit statement ....why there is no treatment in pre &post Inc . Profit statement ?
latest answer
Dividend income does not affect company's net income or profit, dividends impact the shareholders' equity of the balance sheet
Sachin M
CA Inter
★ 280
1
672
Branch account
Accountancy
answered on 15-Jun-20 18:20
In book back illustration 5 In debtor method we no need to consider the branch ( in head office point of view we don't know that) but in this sum they entered in branch account Outstanding expense of branch also included how??
latest answer
Net profit as per branch account is 1102 it's correct
Kanaga Mani
CA Inter
★ 3K+
11
724
AS 11
Accountancy
answered on 15-Jun-20 11:54
In forward exchange contract When does premium or discount arise? When does profit or loss arise? When does exchange difference arise? What is the difference between All these? Please explain with examples
latest answer
1. The premium or discount, arises by the difference between the exchange rate at the date of the inception of the forward exchange contract and the forward rate specified in the contract. 2. Profit or loss arises upon cancellation or renewal of such forward contract
Satya Shashank
CA Inter
★ 13K+
3
775
Registration
Indirect Taxation
answered on 13-Jun-20 10:56
A person engaged in making inter state taxable supply of handicraft craft goods is not liable to get registered if his turnover is less than threshold limit. In this case, whether the threshold limit is 40lakhs or 20lakhs?(other than special category state)
latest answer
Threshold limit for registration - inter-state supply of household goods will be Rs. 20lakhs.
Nivedha Balaji
CA Final
★ 9K+
1
742
Money supply
Economics
answered on 15-Jun-20 09:21
How does excess reserves does not affect the money supply ? Can u given reason with example
latest answer
money supply is M1, which includes money in circulation (not held in a bank) and demand deposits held inside banks. The bank receives deposits and will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money supply. When a bank makes loans out of excess reserves, the money supply increases. But when it doesnt loan the money supply doesnt decrease. IF 100 is deposited into bank, M1 = 100 and reserves @ 20% is 20 & excess reserve is 80. If bank lends from excess reserves 50, the M1 = 50+100 (money supply increases) but if excess reserves are not lent then M1 still remains at 100.
Swathi Krishna
CA Final
★ 8K+
3
813
IRR
Financial Management
answered on 13-Jun-20 08:59
While calculating irr how to identify guess rates easily?
latest answer
Thanks sir
Satya Shashank
CA Inter
★ 13K+
4
767