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Amalgamation
Accountancy
answered on 06-Oct-23 23:45
Why we are not segregating premium on preference share capital when incorporating journal entries in this question
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Okk
Ramya Telikicherla
CA Final
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475
AS7
Accountancy
answered on 10-Oct-23 17:03
How's the loss on contract is 10L here?
latest answer
Material cost 50 Labour - 60 Dep - 20 Future cost - 80 Total 210
Monika T
CA Final
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636
Redemption of debentures
Accountancy
answered on 06-Oct-23 13:20
Anyone can please solve these !!
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Okk Thanks
jayesth Jain
CA Foundation
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573
AS 13
Accountancy
answered on 05-Oct-23 13:46
In new syllabus investment chapter has sums but in classes I don't see any sums will it get updated?
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Ok sir thank you
HariPriya C
CA Final
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Basics
Accountancy
answered on 05-Oct-23 17:07
Sir if we are asked to prepare financial statements From journal to b/s whether depreciation comes in trial balance?
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💯 Exactly 🤣😜
Sugam SM
CA Final
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AS 05
Accountancy
answered on 04-Oct-23 19:40
Could someone explain the ii point under illustration 02 Which is given below
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With Retrospective effect, the company signed(made) an agreement with Employees union on 1-9-X2, for revision of wages from 30-9-X1 onwards. For that co. had to pay the additional amount of 5,00,000, due to revise of wages. So for that purpose the disclosure of that amount is necessary or not i.e; amount of 5L is correct amount or not to disclose.
Balachandar S
CA Inter
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1
487
Explain in simple terms
Accountancy
answered on 04-Oct-23 11:09
1) What is meant by carrying amount? 2) Waht is the difference between cancellation and reduction of share capital ( give an example )
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Carrying amount means book value. Example asset valued after depreciation. Cancellation of share capital means already issued shares are cancelled In case of reduction, the corresponding amount would be debited with the amount of reduction
Nayani Agarwal
CA Inter
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1
470
Redemption of preference shares
Accountancy
answered on 04-Oct-23 14:49
In the first adjustment, though preference dividend is paid, why no entry? Can anybody say?
latest answer
You can assume it either ways and solve. make a note in the examination
HARI HARAN
CFA L1
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424
Investments
Accountancy
answered on 02-Oct-23 20:45
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
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1
412
How to solve AS based question
Accountancy
answered on 03-Oct-23 09:12
How to solve AS based question ?should I learn it line to line?
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Thank you sir
Atharv Sankliya
CA Final
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