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Real or nominal?

Accountancy

answered on 20-Jul-21 16:23

1.Why Purchases and sales are classified both as real and nominal? 2.And what does the word nominal indicate in this context? 3.Is it ok if I write them as nominal accounts? Pls answer

latest answer

Ok. Thank you so much mate

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

3

3K+

Weighted deduction and standard deduction

Direct Taxation

answered on 20-Jul-21 12:55

Can you tell about their meanings

latest answer

Standard deduction is fixed amount of deduction irrespective of actuals. Weighted deduction is given more than actual. For Example: 150 percent of the expenditure is allowed as deduction

OMKAR REDDY

OMKAR REDDY

CA Inter

6K+

1

577

80tta

Direct Taxation

answered on 20-Jul-21 12:55

whether itIs applicable only to IND,huf

latest answer

Yes

OMKAR REDDY

OMKAR REDDY

CA Inter

6K+

1

592

Doubt

Accountancy

answered on 20-Jul-21 08:45

Here in this question cash and bank have no separate balances so it is maintained in combined manner so can I omit the contra entry transaction as they have no effect in this combined form...?

latest answer

Yes you can make one single account

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

1

660

Are the Ammendments Updated?

Exams

answered on 22-Jul-21 12:43

Sir, I Have Bought Inter 2nd group For June 2020 and i have extended it till now and thinking of extending it to Nov 2021 Exam, But I have a doubt that whether all the ammendments for Nov 2021 Exams updated in the lectures? and please mention above the lectures or remove the topics which are irrelevant for Nov 2021

latest answer

Yes

Asim Saif

Asim Saif

CA Inter

6K+

2

588

Depreciation

Accountancy

answered on 24-Jul-21 13:28

Please give me solved answers of all. Who solve this will get maximum marks in exam. With regards Aditya Sharma

latest answer

5th

Aditya Sharma

Aditya Sharma

CA Foundation

2K+

9

673

Fear of Ca foundation paper 2

Corporate & Other Laws

answered on 20-Jul-21 00:18

How can i over come this best 1.5 day strategy? Plss

latest answer

Good luck for exam

PRO TECHS BY JANU

PRO TECHS BY JANU

CA Inter

13K+

2

539

Exam preparation

Accountancy

answered on 20-Jul-21 09:59

Is necessary to study the theoretical framework line by line in books or I can study indigo learn summaries? I'm not able to study theories in accounts.

latest answer

Thank lot!!!!

Vani

Vani

CA Foundation

2K+

4

559

Capital structure

Financial Management

answered on 19-Jul-21 22:19

The question says 12% on term loan as interest, why they've taken 72 lakh?

latest answer

Welcome

Susee Arunachalam

Susee Arunachalam

Qualified CA

26K+

3

691

Amalgamation

Accountancy

answered on 19-Jul-21 21:31

How to find out whether the sum under payment method or net asset method

latest answer

You can infer it from the question

Hari Prakash

Hari Prakash

CA Inter

2K+

1

591