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Redemption of debentures
Accountancy
answered on 05-Sep-23 13:30
As mentioned in C que deb issed at premium of 5 percent.is redemption of deb premium of 10 percent calculated on issed deb(inclusion of 5% premium)or the face value ?
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Tq sir
Ujwal Reddy
CA Inter
★ 7K+
4
275
please explain
Accountancy
answered on 04-Sep-23 15:26
as per the rule of the schedule III a maturity of a long term loan is consider as a current liability but book material says something different please explain
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true i forgot that thank you
Angry Toshniwal
CA Final
★ 505
4
487
please explain
Accountancy
answered on 07-Sep-23 07:08
as per the image number 3 trade payable do not involve bill payable as it is a statutory agreement but the book material is telling something else if you want reference : https://www.taxmann.com/post/blog/presentation-of-trade-payables-in-ind-as-financial-statements-a-brief/
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A payable shall be classified as a “trade payable” if it is in respect of the amount due on account of goods purchased or services received in the normal course of business.
Angry Toshniwal
CA Final
★ 505
1
300
Banking Companies - CRR and SLR
Accountancy
answered on 04-Sep-23 23:50
What are CRR and SLR rates applicable for Nov 23 ca inter exams ??
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Thx
Varun Mulay
CA Final
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4
365
Redemption of preference share
Accountancy
answered on 04-Sep-23 13:48
Greetings, if the question is silent as to if securities premium can be used to provide for premium on redemption and there is sufficient amount in both General reserve and Securities premium. Should we give priority to Securities premium and use that to provide for premium instead of debiting P&L or general reserve as the former is a more restricted reserve. Kindly clarify. Thanks.
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Thanks a lot for the clarification Panneer.
Aswin Chandar
CA Final
★ 40K+
11
365
AS 5
Accountancy
answered on 02-Sep-23 15:47
the adoption of an accounting policy for events or transaction that differ in substance from previously occurring events --is not a change in accounting policy . pls explain . IT IS GIVEN IN ILL 4
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It basically means that if there are new type of transactions for which we are creating a new accounting policy- It is not called a change in accounting policy. For e.g earlier there is no policy of leave encashment. Now the company has introduced leave encashment policy. This is not a change in accounting policy.
Reetikaa R
CA Final
★ 7K+
1
258
Investments
Accountancy
answered on 02-Sep-23 15:49
Before and after the record date of bonus shares ,the shares were quoted at 175,90 per share means ? Sale price means after the record date of bonus shares price i.e 90 ?
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Before record date of bonus issue - 175 On the date it became ex bonus. - 90
Kavya Sri
CA Inter
★ 20
1
328
14. Accounting Concepts - Part 2 (Accrual Basis)
Accountancy
answered on 01-Sep-23 13:59
Sir, Referring to the above point (Accrual Basis) I have a doubt, as you know that every month's GST amount we should pay to GST department on 20th of succeeding month . If like this, GST amount of March 2023, should be paid on 20th April 2023 , if we do not pay on 20th we will have to pay interest and late fee . I could not pay my GST amount on 20th April 2023 (i.e GST payable amount of March 2023), I paid only on 29th April 2023. The interest and late fee, say, is Rs.3000. My question is this Rs3000/- should be taken an expense of March 2023 or April 2023 ? . Please guide me sir.
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Thank you sir....
Thankachan Jimmy
CMA Inter
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4
250
Accounts for incomplete records
Accountancy
answered on 31-Aug-23 09:17
How to find the sales? Can you explain??
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Calculate previous year credit sales by multiplying debtors t/o ratio with debtors
Taniya Thakur
CA Foundation
★ 1K+
1
414
General
Accountancy
answered on 29-Aug-23 16:07
I need to study AS in prospectus or main icai material
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Ok sir
Krishnan K
CA Inter
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6
368