Forums
Journal
Accountancy
answered on 12-Jul-20 23:40
When we purchased furniture we debited it but when goods are purchased we didn' t debit goods . why?
latest answer
Because its not a capital asset and its a current asset. We first debit to purchases and if consumed or sold during the year, it will be debited to P&L as part of "Cost of production" or "Cost of goods sold" but if they remain unsold or unutilised, then they are transferred to closing stock value and taken into the balance sheet as an asset debit balance.
Prasanth Kumar
CA Inter
★ 13K+
1
638
Change of device
Others
answered on 13-Jul-20 11:29
Sir, sice last time i had seen classes in desktop and ifin.but this time i need to see in laptop. Now i do not have a desktop. Kindly allow me to see classes in laptop. Thanks and regards Akshay RaghavanÂ
latest answer
Send an email to support@indigolearn.com
Akshay Raghavan
CA Inter
★ 240
1
688
Access to website courses
Others
answered on 13-Jul-20 11:16
Hi sir. I had extended Ca inter new syllabus Accounts on the 1fin to nov2020. Can it be accessed through website? I had tried many times. But it cant be accessed. Kindly help me in this regard. Thanks and regards Akshay RaghavanÂ
latest answer
Are you able to access now?
Akshay Raghavan
CA Inter
★ 240
3
660
Journal entries
Accountancy
answered on 12-Jul-20 23:41
Are networth and capital is same
latest answer
Capital and retained earnings together are Net Worth.
Prasanth Kumar
CA Inter
★ 13K+
2
635
Journal entry
Accountancy
answered on 12-Jul-20 23:43
Whe we pay salary or rent will the name of personto whom it is paid is involved
latest answer
Depends on whether there is a real account in the name of hte person to whom it is paid is being maintained by the organisation. If not it can either be directly debited to expense account at the time of payment or it can be credited to Salary /REnt payable account through a jouranl entry
Prasanth Kumar
CA Inter
★ 13K+
1
718
Maintenance of minimum no of members
Corporate & Other Laws
answered on 12-Jul-20 17:46
Are members liable for the debts of the company incurred during the first six months or they are liable for debts incurred after 6 months
latest answer
Thanks mam
Leela Eswar
CA Inter
★ 6K+
2
608
section 115 Resolution required Special Notice
Corporate & Other Laws
answered on 12-Jul-20 12:07
In 2nd point as in attachment Special notice is required to pass To stand for directorship by a person other than retiring director 14 days notice is required under section 169(1) But in the Video recording as taught by mam it is To Expressly providing that retiring auditor shall not be reappointed under section 140(4) Which is correct one?
latest answer
OK Thank you ma'am.
sundesh kumar
CA Inter
★ 7K+
2
1K+
Nature and scope of Business economics
Economics
answered on 12-Jul-20 11:03
Explain the chapter
latest answer
Regret we cant explain full chapter here. You can enroll in our course on Business economics to understand it better
yashaswi kotrica
CA Foundation
★ 0
1
713
Course not appearing
Others
answered on 11-Jul-20 20:41
I made payment but course is not appearing in my courses
latest answer
Now it's appearing sir ok
Janahith Reddy
CA Inter
★ 12K+
1
648
Premium bonus method
Costing
answered on 13-Jul-20 19:36
According to illustration 11 as per halsey system if worker works efficiently he gets payment of Rs.420 But if he don't work efficiently then he will work for complete 8hrs and he will be paid 480Rs.(time allowed is 8hrs Ã? rate per hr 60Rs.=480Rs.) Then why would the worker works efficiently...?
latest answer
Thank u very much mam......
abhishek kapale
CA Inter
★ 980
2
786