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Partnership
Accountancy
answered on 03-Nov-20 07:16
Sir here the partner's are sharing profit in 5:4:3 & during the accounting year PSR changed to 3:4:4 . Now to write off good will they have used 1st ratio why. Also in profit adjustment , profit is written back in 5:4:3 ratio why?. There is confusion on what ratio to use and where.pls CLR
latest answer
Ok sir
Sri kanaga Varshini
CA Final
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branch accounts
Accountancy
answered on 31-Oct-20 10:01
in illustration 4 of the icai's book while using stock debtors method, they have taken the cash received as 171000 . but in the debtors methods( in illustration 5), they have taken the cash received as 163500. why is there a difference in the amount
latest answer
Sales are not different. ONe has amount collected from debtors Other has amount remitted out of collection.
Swathi Krishna
CA Final
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640
Maths
Maths & Stats
answered on 30-Oct-20 11:03
Sir how to attempt maths foundation question paper during that 2 hours? I mean to ask whether I have to attempt first maths,stat , LR or in any other order . Please state the any strategy to be followed during exam.
latest answer
Thank you . I am going to appear for exam for first time I don't the curriculum.
Sri kanaga Varshini
CA Final
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616
Buy back
Accountancy
answered on 30-Oct-20 16:14
Why is the amount transferred to CRR is 300 here ??
latest answer
Preference shares of 200 issued for buy back. So balance 300.
anamika vardhan
CA Inter
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Internal Controls
Auditing
answered on 29-Oct-20 10:06
What is the difference between Internal Controls and Internal Financial Controls? A standard ICAI question is that "An auditor should check if the internal controls in an organsiation are working correctly- Correct or Incorrect". The answer is he focusses on *Internal Financial Controls* and not on internal controls. Is it wrong therefore to say *Internal Controls* and not *Internal Financial Controls* when we are discussing auditing?
latest answer
In audit we talk about both internal control and financial controls.
Suraj Narayanan
Qualified CA
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2
663
Articleship
Others
answered on 29-Oct-20 15:18
I have registered for articleship two days back but i have not got options to upload ITT and OP certificates. Is it because of relaxation given to direct entry students.
latest answer
It would be available under profile.
shamanth rm
CA Final
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Time value of money
Maths & Stats
answered on 29-Oct-20 11:19
In this question 300 is not is accumulating Then why the term 10 percent ci used instead he could say 10 percent SI know
latest answer
Thank you
Prasanth Kumar
CA Inter
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2
631
Doubt
Economics
answered on 28-Oct-20 21:15
What is meant by "INCREASING AT A DECREASING / DIMINISHING RATE" In economics this has repeated many times ????
latest answer
Letâ??s say year in 1 salary is 1 lac and in year 2 it increases to 2 lacs I.e growth of 100 % and in year 3, 5 lacs - growth 150% here salary is increasing at increasing rate. Next year salary say increases to say 7 lacs. Salary has increased from 5 to lacs but it has grown only at 40% from 150% previous year so it has increased at a decreasing rate
Roshan Zameer
ACCA Professional
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1
662
Difference between increment cost and sunk cost
Economics
answered on 28-Oct-20 20:47
If increment cost is the cost refers to additional cost incurred by firm and sunk means already incurred and irreversible so what is the difference between them
latest answer
Incremental is what could be incurred. Sunk is what is already incurred. Once is future & other is past
Nilesh Malviya
CA Inter
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1
3K+
assertions
Auditing
answered on 29-Oct-20 12:27
what is difference between the occurrence and cut off assertions ? both sound similar. what logic of their difference?
latest answer
K thax sir
Swathi Krishna
CA Final
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671