Doubt -Departmental accounts

answered on 07-May-22 10:25

I have one doubt Sir/Mam For EG: if Dept A sends goods to Dept b at cost plus 50% Rs. 10000 then dept b sells Rs.8000 remaining 2000 unsold in Dept B ,then why we not deduct likes this in purchases of Dept B Rs10000*50/150=3333.33-Closing stock of Dept B Rs.2000*50/150=666.6 ,then the answer will be 3333.33-666.66=2666.67

latest answer

If you deduct from purchases, you would not be showing the correct picture of purchases. The reason of mark-up is to ensure that we get to see true picture of respective department.

Chandramouli A

CA Inter

★ 720

8

236

NPO

answered on 06-May-22 17:56

Sir take the same example which you took in NPO for match fund and suppose sale of tickets amounts to 200000 then by net of there is 90000 net gain from sale. So then what happens is it credited to I&E a/c or will it be added to match fund?

latest answer

Surplus is added to match fund.

Sugam SM

CA Inter

★ 9K+

4

177

Negotiable Instruments Act, 1881

answered on 06-May-22 12:00

Can anyone explain After sight instruments with examples

latest answer

Thankyou

Harsh Mittal

CA Final

★ 1K+

9

169

Assessment of cooperative society

answered on 06-May-22 16:46

Dividend receive from indian company 100000 Iska kya adjustment hoga cooperative society ki total taxable income m

latest answer

No See proviso to Sec 57

Varsha Agarwal

CA Final

★ 0

6

178

Non applicability of TDS

answered on 06-May-22 06:19

Why is it specified that individual not being non resident in the 1st point ? Isn't sec 193 only for residents?

latest answer

That means the benefit of no TDS with respect to national defence bonds is only for residents,

Christeena Ambel

CA Final

★ 220

6

159

Mcq

answered on 06-May-22 18:50

Which is crt and explain with reason

latest answer

U'r most welcome

Sathiya Bama

CA Final

★ 23K+

8

238

Returns

answered on 07-May-22 19:04

Kindly explain ,How for Q.5 ans is October?

latest answer

Thanks Sir

Sundar Rajan

CA Inter

★ 85

4

235

BPA

answered on 06-May-22 09:19

What is the meaning of last line on Christmas card from because of to half-finished work

latest answer

Suppose you where creating a ppt then canâ??t save them. Half finished work - it can be any sort of work

Sumita Shah

CA Inter

★ 2K+

2

193

Inflation accounting

answered on 06-May-22 17:51

In this problem i can't understand unrealised holding gains

latest answer

The cost of inventory increased by 20,000 - so there is unrealised gain of 20,000 per truck. if they sell inventory at 2,40,000 - the entity makes a profit of 40,000 per truck

sriram kannan

CFA L1

★ 0

2

218

Liquidation

answered on 05-May-22 22:18

This is problem is my exam sum Can anyone explain me fully by working if possible 14b

latest answer

Thank u sir

sriram kannan

CFA L1

★ 0

2

188