Forums
cash book
Accountancy
answered on 18-Jun-24 10:21
If the received cheque is endorsed to the other part on the same day then what will be the journal entry
latest answer
Let's assume that Company A receives a cheque of ₹10,000 from Customer X and endorses this cheque to Supplier Y on the same day to settle a debt. Journal Entries: When the cheque is received from Customer X: Bank Account Dr. ₹10,000 To Customer X Account ₹10,000 (Being cheque received from Customer X) When the cheque is endorsed to Supplier Y: Supplier Y Account Dr. ₹10,000 To Bank Account ₹10,000 (Being cheque endorsed to Supplier Y) Or a combined entry Supplier Account Dr To customer Account.
Bharavi Kothari
CA Foundation
★ 20K+
1
544
Mathematics of finance
Maths & Stats
answered on 20-Jun-24 05:13
Exercise 4A 5th sum .. new syllabus
latest answer
Int 16500-12000 4500 For 2.5 years Yearly int 4500/2.5 1800 Int % 1800/12000 15%
Sathya S
CA Foundation
★ 3K+
3
264
AMT
Direct Taxation
answered on 19-Jun-24 08:54
Can someone say me AMT is in which chapter of tax
latest answer
Refer to Agricultutural Income & total income chapters
Sushmita Chowdhury
CA Inter
★ 2K+
16
450
All in cost
AFM
answered on 17-Jun-24 19:56
Hi sir, In the question they mentioned " P ltd., a dealer, quotes 'All in cost' for generic swap ". what is meant by 'All in cost' ? Is it fixed interest rate? and Is it fixed interest rate in just this illustration context or in any other question if they use 'All in cost' should we consider it as fixed rate only ?
latest answer
All in means without any additional fees - including all interest payments to be made in respect of this loan All in diff contexts can mean either fixed on variable. In this question it means fixed cost
B. Dinesh
CA Final
★ 3K+
1
450
Audit teacher
Auditing
answered on 17-Jun-24 19:59
Which teacher should I opt for ca inter audit?
latest answer
Pradnya Mundada of IndigoLearn https://1fin.link/course/tiyajn Demo - https://youtu.be/RBpadgcMyqU
Vanshika Agrawal
CA Inter
★ 850
2
485
Why we consider only FCFF
AFM
answered on 17-Jun-24 19:54
Is how can we identify that we should Only FCFF here??
latest answer
Pls be specific - which Q no?
Surya Prakash
CA Final
★ 19K+
3
367
Financial statement Analysis (FSA)
CFA
answered on 17-Jun-24 18:41
Kindly explain the weighted avg sh outstanding calculations how 11k,3300...here they added 1+interest rate I didn't Understand explain pls
latest answer
Bonus shares adjustment. Like you do in AS20
Dhakshana Dhakshana
CFA L2
★ 18K+
10
497
profit/ loss in futures
AFM
answered on 17-Jun-24 16:09
Hi sir, In futures when interest rate is 4.5% we will sell future @ 94.15 and bought back @95.5. So the loss is 1.35 Euros (94.15-95.05). But why we took 1.35 %, isn't it 1.35 Euros loss for 1 future ?
latest answer
On a FV of Euro 100, loss of 1.35% is 1.35 Euro
B. Dinesh
CA Final
★ 3K+
1
364
Hedge accounting
Financial Reporting
answered on 18-Jun-24 10:18
Writing put option is not a hedging instrument. Like wise writing call option is a hedging instrument or not ? And why
latest answer
Animation mistake. Thanks for highlighting. In video I have mentioned written option only. Will correct.
Chandan Subudhi
CA Final
★ 12K+
4
329
FSA
CFA
answered on 17-Jun-24 11:54
What is double declining balance method of depreciation? I'm finding it difficult to understand can anyone explain
latest answer
As the name suggests its "Double" the SLM rate. Just a way of arriving at rate in a simplified manner.
Dhakshana Dhakshana
CFA L2
★ 18K+
3
298