Forums
Investment accounts
Accountancy
answered on 13-May-20 10:18
Sir, in below problem in question given that interest is received on 30th September. Then if we sold debentures in october how interest will come.
latest answer
Business purchase account is prepared to incorporate assets and liabilities and settle the purchase consideration. You will learn it in depth in Amalgamation of companies chapter.
Star Ca
CA Inter
★ 3K+
3
813
Time table
Exams
answered on 09-Mar-20 12:37
What are the best way to make time table for cma inter for working student?
latest answer
You know your circumstances and lifestyle better than anyone else. So, you are the best person to decide how to study and when to study. Just utilize your time efficiently keeping some buffer for any contingencies.
Aman Maithani
CMA Inter
★ 0
1
822
Investment accounts
Accountancy
answered on 07-Mar-20 17:01
Sir, when convertiable debentures are converted into equity shares, why we credit investment in equity sharesa/c . In invenstment in bonds ledger a/c
latest answer
No we don't credit , the journal entry is Investment in equity shares A/c debit To bond/debentures AC
Star Ca
CA Inter
★ 3K+
1
689
Doubt
Accountancy
answered on 07-Mar-20 12:10
What is 7 8 and 9 points and how can I solve that 3 points can any one explain so that it would be helpful Thanks in advance
latest answer
7) interest received includes 1000 rs which is actually cash received from debtors , so you need to credit debtors account and deduct 1000 from interest received . 8) you need to create a liability for interest outstanding i.e 100000 Ã? 12 % As well as create a asset as interest receivable in balance sheet . 9) you need to prepare a debtors account and create 5% provision. this provision amount will be debited in profit and loss account and in balance sheet you will deduct this provisions from gross debtors
sai t
CA Foundation
★ 2K+
1
774
Recognized Provident Fund
Direct Taxation
answered on 15-Mar-20 20:19
1. What do you mean by recognized by Income Tax act ? 2. Sir in this example , the recognized fund will be different from company to company. So how did it form part as continuous period ?
latest answer
Statutory is maintained by government, recognised pf is maintained by the employer
Raviteja Kusumanchi
Qualified CA
★ 42K+
7
1K+
Live
Accountancy
answered on 06-Mar-20 20:33
Live streaming for accounting standards .. what about starting time and ending time sir
latest answer
4 pm to 5 : 30 pm march 7
Shanmukha Chippada
CA Inter
★ 520
1
695
Live Streaming By CA Sathya Raghu on Accounting Standards.
Others
answered on 08-Mar-20 14:59
Hi. Just got to view a notification on my phone regarding a live streaming by CA Sathya Raghu on Accounting Standards but unfortunately I missed the date and time. Could anyone help me with it?
latest answer
Yes
Ajay Kumar Manghat
CA Inter
★ 770
8
759
Abnormal loss in Cost sheet
Costing
answered on 06-Mar-20 17:41
What is the treatment of abnormal loss in Cost Sheet ???
latest answer
Ohhk got it sir... thank u
Chandan Subudhi
CA Final
★ 12K+
2
852
Illustration
Direct Taxation
answered on 13-Mar-20 18:58
Can anyone tell me the solution of question 4 of salary
latest answer
Please share the question and your working of the solution here and we shall go through & respond
sweta poddar
CA Inter
★ 5K+
3
803
Material Chapter Query
Costing
answered on 06-Mar-20 17:15
In some quantitative levels, there are 2 formulas for calculating a same level of stock... In exams, if the information is available for solving by both the methods, do we need to solve both of them or any one will do...? Just asking for time management purposes...
latest answer
One of them is sufficient.
Deepak Gupta
CA Inter
★ 1K+
1
694