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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

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

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

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

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

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

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

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

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

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

Atharv Sankliya

CA Inter

3K+

20

108

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