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Advance account banking chapter in financial statements topic (illustration 2)
Accountancy
answered on 29-Mar-23 20:25
How we interest/discount earned 2297 for current year in illustration 2
latest answer
In the question it is given in point (i) that the items are already adjusted so we have to add back those except rebate on bills discounted. 2045+148+92+12=2297. Because those are not related to interest and discount
Hima vamsi Grandhisila
CA Inter
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496
Supply under gst
Indirect Taxation
answered on 28-Mar-23 14:27
Is this a supply or not Import of goods worth ₹55000 for personal use
latest answer
Thankyou so much sir
Kishore Ch
CA Final
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8
479
Presentation of Accounts
Accountancy
answered on 28-Mar-23 13:49
Companies prefer T format balance sheet or Vertical Balance sheet???
latest answer
As per Schedule III
Prathmesh kharul
CA Foundation
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2
414
Contra Entry
Accountancy
answered on 29-Mar-23 07:57
When we withdraw money from our account and deposited same in bank will it be contra entry???
latest answer
Then there will be two contra entries.. 1. When you withdraw from bank Cash ac To Bank 2. When you deposit to bank Bank ac To Cash ac
Prathmesh kharul
CA Foundation
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6
717
AS-11
Accountancy
answered on 28-Mar-23 13:52
Explain que. 3
latest answer
You cannot adjust cost of inventory.
Rifhat Khan
CA Inter
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1
453
Balance Sheet
Accountancy
answered on 28-Mar-23 05:55
For a balance Sheet in case i purchased a car for rs 50 lakh and taken a loan so balance sheet got tallied... Now the car will depriciate so asset will reduce what will be the impact on liability side???
latest answer
Profits will reduce. So capital would be lesser
Prathmesh kharul
CA Foundation
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1
411
Law test question
Corporate & Other Laws
answered on 29-Mar-23 17:29
Can someone plz explain how it's answer is not option (d)
latest answer
Pardon me. There is small correction here. See hypothecation is when a moveable property is put as security to get a loan. Whereas, Mortgage is where an immovable property is put as security for the loan. In the given question, Land is put as security which is an immovable property thus making it a mortgage. However, that option is not available to us. The closest option is (b) term loan. It can't be hypothecation since the security is not moveable.
Rifhat Khan
CA Inter
★ 28K+
3
484
Articles registration
Others
answered on 28-Mar-23 09:31
Through direct entry if I join in articleship , is it possible to write exams in coming may 2023,(gap 1mnth from now) , because earlier 9mnths gap is required .. if anyone have knowledge on this query please let me know
latest answer
You should atleast have 9 months of articleship period before inter exams.
sairam soma
CA Inter
★ 1K+
3
475
Misstatement in previous year financials
Auditing
answered on 11-Apr-23 15:08
What the current auditor should do if he/she finds a misstatement in closing balance of previous year financials? What will be the impact in current year financials?
latest answer
Thank you sir
Nivedha Balaji
CA Final
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6
445
ICAI Journals
Others
answered on 29-Mar-23 09:25
Can anybody please tell me where to download all the past month Journals of Icai ? Or can they be ordered directly from ICAI ? Please guide me
latest answer
Thank you sir
Ardhendu Sekhar Acharya
CMA Inter
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13
511