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Accountancy - question
Accountancy
asked on 26-May-20 07:45
In some questions we are considering closing balance sheet is after deduction of some items like PBDebts, in other qsns we are Deducting from given closing balance, wherther it deducted or .. ?
latest answer
No answers yet!!
Suryaa Ss
CA Inter
★ 0
0
624
Composition scheme
Indirect Taxation
answered on 26-May-20 10:37
A person can provide other services other than restaurant services not exceeding 10% of turnover or Rs. 5 lakhs whichever is higher. Whether that 10% has to be calculated on aggregate turnover of a person on all India basis under the same PAN or on a turnover of each State/UT?
latest answer
Thank you
Nivedha Balaji
CA Final
★ 9K+
5
731
Composition scheme
Indirect Taxation
answered on 29-May-20 11:36
Whether a person making inter state outward supply of services is eligible under composition scheme?
latest answer
Thank you.
Nivedha Balaji
CA Final
★ 9K+
8
753
Credit provision
Accountancy
answered on 28-May-20 08:25
What is credit provision for bad debts? And how should it be treated? Should we subtract provision for bad debts from credit provision for bad debts , it is mentioned in the first line of the below attached photo
latest answer
PBD is a provision. It is reduced from Debtors in Balance sheet. If PBD balance is more than required then the excess is credited to P&L.
lithish kumar
CA Final
★ 3K+
6
975
Rectification
Accountancy
answered on 25-May-20 18:00
One item of purchase of â?¹ 25 has been posted from the day book to ledger as â?¹ 250. Then in trial balance purchase will have 250 debit bal and the supplier will have 25 credit bal and we will have a suspense account having credit bal of 225 So when we rectify I thought it should be Suspense account dr â?¹ 225 To purchase account â?¹ 225 But the answer in the book is Supplier a/c dr â?¹ 225 Suspense a/c â?¹ 225 Please help me to correct
latest answer
Once you post 250 in day book, the creditor account is credited by 250. Posting in ledgers happen from day book.
lithish kumar
CA Final
★ 3K+
1
964
Ca foundation
Others
answered on 25-May-20 17:09
I have been paid for ca foundation full course for Aug 2020 but I'm not getting any videos in my course so please find the mistake and correct it.
latest answer
Thank you sir
Brindha Ramakrishnan
CA Inter
★ 320
2
674
Query
Others
answered on 25-May-20 12:16
When does my courses get expire if I buy For nov2020 attempt??
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Thank u sir
Reetikaa R
CA Final
★ 7K+
4
632
Thanks for giving us download option
Others
answered on 25-May-20 15:41
Occasionally my home's wifi connection cause problems to connect to my mobile. Now I can watch videos seamlessly after downloading them. Thank you.
latest answer
You can download 3 hours in a day. The time to complete those 3 hours for a student would be around 4-5 hours. Students can still watch online any number of hours.
Kumarjit Dey
CA Inter
★ 4K+
10
678
Articleship
Others
answered on 24-May-20 23:15
Will the days that i go for ITT training be counted as leave or on work during articleship
latest answer
Thank you sir
San Samm
CA Inter
★ 2K+
2
687
Bank reconciliation statement
Accountancy
answered on 25-May-20 17:07
To rectify in adjusted cash book, if I have given a point like bank interest and charges amounting to â?¹4200 had been charged in the bank statement but not entered in the cash book My question is bank charges is a debit in passbook and bank interest is a credit balance in passbook but nothing has been mentioned clearly how should I consider it ,is it a inflow or outflow in cash book
latest answer
Thank you sir I got it
lithish kumar
CA Final
★ 3K+
5
843