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Bonus issue
Accountancy
answered on 12-Sep-23 09:20
What is the ratio of bonus issue and how to solve the problem?
latest answer
In the 2nd para the company decides that shareholders paid only 4/- and that worth of amount be converted into fully paid bonus and whatever the called up 6/- are assumed as normal, then we find bonus element i.e; 4 shares for every 6 shares then 4:6 ratio they allotted bonus. And whatever ratio get apply on above 1.5L shares( in 2nd para from 2nd line last ) then we get no. of bonus shares held. 1,50,000×4/6 =1,00,000 bonus shares are allotted to holders. The 2nd para is saying to find the bonus element and no. of bonus shares allotted.
GOKULALAKSHMI PANNEER
CA Final
★ 2K+
3
383
Average due date
Accountancy
answered on 09-Sep-23 11:12
can anyone tell me how 3.17 came in the calculation of interest in the given sum?
latest answer
Thankyou
Divinne Fiona
CA Inter
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2
419
Doubt
Accountancy
answered on 07-Sep-23 07:33
Commission will be written in profit and loss account only when it is paid but why Commission Payable is written in profit and loss as it has to paid to manager but I have a doubt that generally we follow accrual concept of accounting so it should be still added to p& l but I have a doubt that in general we write only current year expenses and income in p& l accounts na as per matching concept but we should use both accrual and matching concept and prudence concept for preparing final accounts ?? Prudence concept is for calculation of anticipated loss for example provision for bad debts and doubtful debts
latest answer
OK sir 🙏🙏
sai t
CA Foundation
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4
391
Accounts
Accountancy
answered on 07-Sep-23 07:04
Whether Amalgamation expenses for transferor company can be shown as current asset or non current asset as per IND AS
latest answer
It will not be shown as asset.
Anushya E
CA Inter
★ 440
1
352
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 ?
latest answer
Tq sir
Ujwal Reddy
CA Inter
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4
338
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
latest answer
true i forgot that thank you
Angry Toshniwal
CA Final
★ 505
4
569
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/
latest answer
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
373
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 ??
latest answer
Thx
Varun Mulay
CA Final
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4
515
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.
latest answer
Thanks a lot for the clarification Panneer.
Aswin Chandar
CA Final
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11
477
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
latest answer
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
324