Banking Companies

answered on 11-May-23 08:18

SLR rate applicable for May 23?

latest answer

18

R M

CA Final

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1

234

INTERNAL RECONSTRUCTION

answered on 11-May-23 22:02

Is the treatment for adjustment no. viii regarding continent liability is correct?? Is there any such account as continent liability?

latest answer

Ok sir thanks

James Js

CA Inter

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6

273

Amalgamation

answered on 11-May-23 14:32

At one point it is given debit all asset acquired except goodwill but in Q8 why they have considered goodwill for net asset

latest answer

goodwill is existing in the balance sheet.

Gauri Shete

CA Final

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317

Amalgamation

answered on 11-May-23 14:33

What is meaning of ponint 3 any example

latest answer

That is for inter company holdings. Not relevant at inter.

Gauri Shete

CA Final

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223

RECTIFICATION OF ERRORS

answered on 11-May-23 14:34

Sir why is SALES A/C.......DR instead of cash A/C??? Because selling furniture we will get cash and cash a/c should be debited right???

latest answer

Correct entry Cash A/c Dr. To Furniture A/c Wrong entry passed Cash A/c Dr. To Sales So reverse the impact of sales, we debit sales. SInce cash account is already debited, there is no need to debit it again

Prathmesh kharul

CA Foundation

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247

Accounting concepts

answered on 14-May-23 04:36

The concepts of conservatism, when applied to the Balance Sheet results in understatement of assets?

latest answer

Yes it will apply on b/s assets Suresh Did u understood ❓ the concept of conversation Or do you want to explain❓

Nidhi S

CA Inter

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311

Liquidation illu 9

answered on 10-May-23 22:23

Tax for 2-3 taken as preferential creditor is okay...but how yr 1-2 tax raised qithin 12 months

latest answer

Assesment concluded in July 20x3 .. year changed

Gauri Shete

CA Final

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247

Buy back

answered on 10-May-23 22:18

If Loan funds to be taken for computing Debt equity Condition Loan fund also...should we want to take other current liabilities also...?

latest answer

As u think. But tell in that notes

Saravana Perumal

CA Inter

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239

Liquidation remuneration

answered on 10-May-23 18:51

If a liquidator's remuneration is 3% on asset realised. And if there is an asset (ex: Machinery) which was secured by any mortgage loan of 100000. If the asset realised for 125000 then, 1 lakh will be taken by mortgager balance 25000 will be to liquidator statement. Now the liquidator remuneration will be on 125000 or 25000 ? Kindly help

latest answer

125000

Saravana Perumal

CA Inter

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4

288

Liquidation

answered on 10-May-23 19:02

Please explain How unsecured creditors 25000 What is over riding preferential creditors.

latest answer

Thank you

Saravana Perumal

CA Inter

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274