CAclubindia

shakuntala chhangani's Expert Profile

Queries Replied : 590

About me

Hi, I am practicing CA from aamchi Mumbai. I am more of an academician. Teaching is my passion. I am a fun loving lady. I Enjoy listening music, dancing, playing guitar, doing pranayam and meditation, Swimming, reading books, water sports ........... Sometimes even I myself wonder is there anything which I don't enjoy doing?

Further i love watching cartoon and comedy movies. I equally love reading books.

Apart from professional friends, I basically believe that one should not makes friends without understanding n should not break it due to misunderstanding. Keep visiting my profile for more information about me.

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Minakshi Sharma says :
hello mam, can i hav ur e-mail id plz

nams says : insurance matured entry (Accounts
This is regarding the message dated 1/4/10 query was on insuarnce matured entry dtd 31/03/10 you mentioned to include premium amount as an asset and not as drawing could u please be elaborate I am new to accounts and I thought It can be just shown as drawings. as well as I would like to know if there is any wrong implications if I show one combine effect on capital below is your message: {It is absolute right. But it is always better to show insurance premium payment as asset and increase the capital n yearly basis rather than one combined effect on capital} thanks in advance

Girish S Khanvilkar says : Fundametal Accounting
Dear Madam Please explian me for minimum profit concept Regards Girish

mayank Nanavati says :
thanks ! can u tell me if one follows accrual concept but for some items like Insurance, NSC interest he is not following,i. e. he is crediting interest in the year of maturity. the same fact he is reporting in notes to accounts then is it ok?

Ravindra Mohanty says : account
chapter-insurance claim in given problem total closing stock is rs.170000. and opening stock included 40000 abnormal item.it EXPECTED abnormal item to be sold at rs 16000. in what should value taken to valuation of normal item/stock. a) rs 130000 b) rs 154000