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Redemption of preference shares
Accountancy
answered 9 hrs ago
In the first adjustment, though preference dividend is paid, why no entry? Can anybody say?
latest answer
I guess as it was already paid so we are not making that entry
HARI HARAN
CA Inter
★ 170
4
41
Investments
Accountancy
answered 1 day ago
I didnt understand anything Can any one explain this .
latest answer
Since the share price reduces upon issue of rights to offset it to the extent of cost of investment it is applied to reduce cost and balance charged to p&l This is because while you bought investment you paid for the investment and right to buy additions( rights and bonus) and since the rights are sold and market price has reduced you are offsetting ur cost of investment to cost without right ( ex right cost) So for second question 10,000 should be credited to cost of investment and 2000 to p&l
V S R Krishna
CA Inter
★ 795
1
55
How to solve AS based question
Accountancy
answered 14 hrs ago
How to solve AS based question ?should I learn it line to line?
latest answer
Thank you sir
Atharv Sankliya
CA Inter
★ 3K+
4
87
How to solve AS based question
Accountancy
asked 1 day ago
How to solve AS based question ?should I learn it line to line?
latest answer
No answers yet!!
Atharv Sankliya
CA Inter
★ 3K+
0
24
Branch accounts (debtors method)
Accountancy
asked 1 day ago
In branch account that head office (HO)creates, we show liabilities given to branches on CR.side. the ques is why does HO gives its liabilities to the branch? why would branch be interested in taking HO's liabilities, if they are taking HO's assets that makes sense that they need it to operate, but why would they take liabilities and pay them off on behalf of HO?
latest answer
No answers yet!!
Garima Bhargav
CA Inter
★ 185
0
23
AS 1
Accountancy
answered 1 day ago
Can someone explain this in simpler terms?
latest answer
This one too
Swetha S
CA Inter
★ 340
1
33
Capital Maintenance
Accountancy
asked 1 day ago
How is the value ₹14400 obtained?
latest answer
No answers yet!!
Swetha S
CA Inter
★ 340
0
20
May 2024
Accountancy
answered 1 day ago
Is there any possibility of asking such theoretical questions in the exam? Which is provided in the study material?
latest answer
Yes
Swetha S
CA Inter
★ 340
7
63
Investment acc
Accountancy
answered 2 days ago
Current investment should be valued at lower of COST or fair value. Here cost means historical cost or carrying cost
latest answer
..
Krishnan K
CA Inter
★ 5K+
4
30
Investment account
Accountancy
answered 2 days ago
Investments are assets held by an enterprise for earning income by way of dividends, interest and rentals, for capital appreciation, or for other benefits to the investing enterprise What Does other benefits means, does it include non monetary/financial benefits
latest answer
Aren't they getting subsidies , donations other benefits from sec8 company...no company would do direct charity ..
Atharv Sankliya
CA Inter
★ 3K+
20
108
