IndigoLearn
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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
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
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
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
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
CA Foundation
★ 2K+
1
43
Maths
answered 2 days ago
Plz can anyone solve it.
latest answer
You r welcome bro..ð???
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
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
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
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
CA Inter
★ 5K+
1
24
