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Final accounts

answered 2 days ago

Can you please explain the effect of adjustment in final accounts

latest answer

One fourth of the printing and stationary expenses are prepaid. So, it shall be deducted from Printing expenses and shown on asset side of Balance Sheet. So, if we are given printing and stationary expenses as 10,000. 7,500 will only be shown as expense in P&L; 2,500 will be shown on asset side

siva chaitanya

siva chaitanya

CA Foundation

3K+

2

35

Depreciation

answered 2 days ago

Is provision for depreciation a/c and accumulated depreciation a/c the same?

latest answer

Every year provision for depreciation a/c is credited for depreciation of that year. Accumulated depreciation is a term which implies depreciation till date from asset purchase. So, total amount lying in Provision for depreciation account is nothing but accumulated depreciation

Girinath A

Girinath A

CA Inter

655

1

22

Depreciation

answered 1 day ago

1st question in practical question 1) In the anwer I understood the plant & machinery account, but why we debiting the depreciation provision account and crediting the sale/disposal of plant and machinery account? 2) In the debit side of depreciation provision account, how the value of sold-2010 asset became 2,16,000?

latest answer

Total depreciation charged on the asset till date from the purchase date

Vijay K

Vijay K

CA Foundation

265

4

52

Banker discount

answered on 22-Jul-21 18:53

Plz can anyone answer it

latest answer

1. True discount is the difference between amount due and present value of the amount. 2. Banker discount is simple interest on the face value for a time from the date when the bill was discounted and the due date

Krish Goyal

Krish Goyal

CA Foundation

3K+

1

31

Exam

answered on 22-Jul-21 17:36

Where I can do working notes before or after answers in accounts?

latest answer

Either ways is fine

Vani

Vani

CA Foundation

2K+

1

43

Maths

answered 2 days ago

Plz can anyone solve it.

latest answer

You r welcome bro..ð???

Krish Goyal

Krish Goyal

CA Foundation

3K+

3

38

Scholarship amt received

answered on 22-Jul-21 16:04

This amount exempt?

latest answer

Yes

OMKAR REDDY

OMKAR REDDY

CA Inter

5K+

1

27

ICAI

asked on 22-Jul-21 14:44

Sir, when can I upload my 12th marksheet to appear in the nov 21? I've got my provisional marksheet today. Should I upload original or provisional is ok?

latest answer

No answers yet!!

Sibi Srinivasan

Sibi Srinivasan

CA Foundation

3K+

0

37

NPO

answered 2 days ago

how to deal with 1. Cheque unrepresented being payment for repairs. How is honorarium 600 we get balancesheet How is bank overdraft coming How is honourarium comes in the opening balancesheet Pls clarify this

latest answer

Thank u guys

nisam M

nisam M

CA Foundation

15K+

4

64

Chapter 6a deductions

answered 2 days ago

Donation to notified trust for construction of ghat for Hindus (if registered) in which category under 80G

latest answer

These donations are eligible for 50% Deduction Subject to 10% of Adjusted Gross Total Income

OMKAR REDDY

OMKAR REDDY

CA Inter

5K+

1

24

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