Forums
Inventory
Accountancy
answered on 09-Dec-20 15:59
If the question says the physical inventory at 15 Apr 2020 and we are to find value of stock at 31 March 2020, should we find PHYSICAL inventory or PERIODIC (book value) inventory?
latest answer
No
Aman Mahajan
CA Final
★ 19K+
3
731
Rectify
Accountancy
answered on 08-Mar-22 11:54
Purchase of furniture on credit from Nigam for 3000 posted to Shubham as 300
latest answer
While posting for the 1st time...they only debited 300 for furniture. But the value of furniture is 3000 so we have to debit 2700. Then only furniture a/c will be in correct value...
Aman Mahajan
CA Final
★ 19K+
10
2K+
Rectification
Accountancy
answered on 08-Dec-20 17:42
If we get a question to rectify entries in subsequent periods, then where will the balance of P&L Adjustment be transferred?
latest answer
Transfer to capital a/c
Aman Mahajan
CA Final
★ 19K+
1
714
Partnership accounts
Accountancy
answered on 08-Dec-20 21:05
How to find percentage of normal profit in this sum?
latest answer
Market return and risk return added 10+2
vidhya ayyarappan
CA Inter
★ 5K+
1
635
Assertion
Auditing
answered on 08-Dec-20 15:28
It was asked which type of assertion is ' liability of rs.40000 appears on the BS. I selected positive implied. What should be the ans? Audit ipcc
latest answer
It is explicit.
Rakesh Prabhu
CA Final
★ 2K+
1
687
Query about the lectures applicable for may 21
Direct Taxation
answered on 11-Dec-20 05:46
Can you say a date about the launching of the new lectures of the income tax according to tha Finance Act 2020
latest answer
Not yet .. unexpected delay. Will be launched on dec 11th by evening
Paidala Harish
CA Final
★ 2K+
4
779
Depreciation
Accountancy
answered on 09-Dec-20 15:49
In the chapter preparation of Financial Statements, illustration 1: Why Depreciation calculated on Cost of plant and Machinery of Rs.760 @ 10%? I think it should be calculated on W.D.V i e . Cost- Accumulated depreciation?
latest answer
Its given in the question that 10% of depreciation is on cost.
manasa preeshma
CA Inter
★ 2K+
1
796
Logical reasoning
Maths & Stats
answered on 08-Dec-20 12:59
Pls explain ques 13,19,23
latest answer
Thank you sir
gopika sivaperumal
CA Inter
★ 6K+
4
799
Revocation
Corporate & Other Laws
answered on 08-Dec-20 14:21
If The offer letter and the revocation of offer letter reac the offeree at the same time, will the offer be considered revoked or active.?
latest answer
I have just told you the logic behind.
Aman Mahajan
CA Final
★ 19K+
4
730
Reg nov2020 inter exam result
Others
answered on 08-Dec-20 18:11
When can we expect nov2020 result declaration
latest answer
Institute should reduce this wait time. Its too long. :(
GAYATHRI SHREE VD
CA Inter
★ 0
3
687