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In mtp oct 20 or rtp may 20 . Why the amount to be drawn was calculated in that way any logic behind it
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Thread Starter
Satya ShashankThat's not my question I have already mentioned regarding drawings computation
When partners draw, the draw against profits or interest on capital. The question has asked to retain profits in PSR. You can refer to the computation attached for better and alternate understanding.
Thread Starter
Satya ShashankNo answers yet!
This is what appears when i am clicking on the inage you posted.
Kumarjit Dey
This is what appears when i am clicking on the inage you posted.
Its of rtp may 2020 question regarding sale of partnership
Thread Starter
Satya ShashankIts of rtp may 2020 question regarding sale of partnership
Was such kind of sum taught in class? I dont recall so. I cant help you with this this. I want to know from the faculty that such sum may be asked in exam? If yes, why wasnt it taught in class.
Thread Starter
Satya ShashankIt's totally new kind of sum
The moderators are deliberately ignoring. Maybe sum is not that important for exam purpose
Kumarjit Dey
The moderators are deliberately ignoring. Maybe sum is not that important for exam purpose
Yes, they're ignoring but we can't say anything can come in the exam
Kumarjit Dey
The moderators are deliberately ignoring. Maybe sum is not that important for exam purpose
Yes, they're ignoring but we can't say anything can come in the exam
I think whatever we withdraw it must be in psr and hence here we have int on capital which is not in psr and it should also be withdrawn we deducted it for knowing exclusive drawings and apportioned it in psr and added back ioc and then deducted the drawings already made to know the additional drawings to be made as per psr. Is that so, atleast reply to this sir
Thread Starter
Satya ShashankYes, they're ignoring but we can't say anything can come in the exam
Relating to That Ram, Wazir, Adil 1st Q from Rtp may 20, i have a query can you help? In Working Notes, they have credited Patent and Trademarks with Realisation 4000 i.r.o remaining patents realized which is 10000 - 6000. Shouldn't the entry be Realisation a/c Dr 2000 Bank a/c Dr 2000 To Patents & Trademarks 4000 ?? Surprisingly when I saw their Realisation account, they credited it with Patents Rs 2000 Hwo is this possible? Wheres the remaining 2000 in realisation?
Thread Starter
Satya ShashankYes I'll check
Ah, nah. Silly of me. Silly of me. I am sorry. Got it now.
Thread Starter
Satya ShashankOk
Damn, all these sums from Partnership which appeared in rtp may 20 are solid time consumers, what say? With the exception of the conversion of Partnership to company sum (which is there in ICAI study mat), the other two are unique.
The image you posted for doubt is not available. If you have asked as to why shares have been issued in the manner in which they have been issued, - The question requires interest earnings to be maintained. To maintained the interest earnings, preference share capital is issued. - To maintain the profit sharing, equity shares are issued in profit sharing ratio. If your doubt was pertaining to something else, let us know. The questions which are very long will not be asked in the exams. These are for your practice to understand the concepts.
CA Suraj Lakhotia Admin
The image you posted for doubt is not available. If you have asked as to why shares have been issued in the manner in which they have been issued, - The question requires interest earnings to be maintained. To maintained the interest earnings, preference share capital is issued. - To maintain the profit sharing, equity shares are issued in profit sharing ratio. If your doubt was pertaining to something else, let us know. The questions which are very long will not be asked in the exams. These are for your practice to understand the concepts.
That's not my question I have already mentioned regarding drawings computation