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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 )
latest answer
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
★ 1K+
1
495
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
★ 170
6
442
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
★ 795
1
433
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?
latest answer
Thank you sir
Atharv Sankliya
CA Final
★ 3K+
4
483
How to solve AS based question
Accountancy
answered on 04-Oct-23 14:55
How to solve AS based question ?should I learn it line to line?
latest answer
Thankyou sir
Atharv Sankliya
CA Final
★ 3K+
3
408
Branch accounts (debtors method)
Accountancy
answered on 04-Oct-23 14:51
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
branch may use cash generated to directly settle the liabilities.
Garima Bhargava
CA Inter
★ 185
1
371
AS 1
Accountancy
answered on 04-Oct-23 15:44
Can someone explain this in simpler terms?
latest answer
Okay Sir
Soon to be CA
CA Inter
★ 4K+
3
475
Capital Maintenance
Accountancy
answered on 04-Oct-23 15:04
How is the value ₹14400 obtained?
latest answer
18000/2.5*2
Soon to be CA
CA Inter
★ 4K+
1
454
May 2024
Accountancy
answered on 02-Oct-23 10:30
Is there any possibility of asking such theoretical questions in the exam? Which is provided in the study material?
latest answer
Yes
Soon to be CA
CA Inter
★ 4K+
7
439
Investment acc
Accountancy
answered on 04-Oct-23 16:21
Current investment should be valued at lower of COST or fair value. Here cost means historical cost or carrying cost
latest answer
Thank you
Krishnan K
CA Inter
★ 5K+
6
434