Forums
Bonus Issue - Restrictions
Accountancy
answered on 15-Jun-23 12:06
Can someone explain 1st two points
latest answer
Got the concepts...Thanks
CYNOPHILE S
CA Inter
★ 925
1
352
Income and expenditure
Accountancy
answered on 15-Jun-23 10:12
In this sum while preparing opening balance sheet why we are adding the amount due for printing ₹100 with Honarium ₹400.
latest answer
Ok. Tq
Lathika
CA Inter
★ 6K+
2
430
Depreciation of Plant and Machinery where to take TRADING A/C or PROFIT & LOSS a/c
Accountancy
answered on 16-Jun-23 09:11
Sir, Please guide me Depreciation of PLANT and MACHINERY where to debit , TRADING A/ C or PROFIT AND LOSS A/C ?
latest answer
You can take it to trading as well.
Thankachan Jimmy
CMA Inter
★ 0
7
1K+
Opening Entry for CLOING STOCK
Accountancy
answered on 16-Jun-23 09:08
Sir, In the previous year balance sheet STOCK is shown as "CLOSING STOCK" , but when we do the opening entry in the current year , how to show the name in the opening entry , should it be shown as " CLOSING STCK A/C DR" or " OPENING STOCK A/C DR". Please guide me sir.
latest answer
Based on date.
Thankachan Jimmy
CMA Inter
★ 0
7
391
Partnership accounts
Accountancy
answered on 15-Jun-23 16:08
Why is loss by fire is added to the profits of the year here???
latest answer
These are one time items which are not recurring.
Monika T
CA Final
★ 7K+
2
325
Depreciation
Accountancy
answered on 15-Jun-23 11:32
How to calculate depreciation for one truck and calculate the depreciation of the other trucks at the end of the year please anyone tell
latest answer
Ok thank you
Varun Palaniappan
CA Foundation
★ 15K+
5
339
Internal reconst
Accountancy
answered on 13-Jun-23 15:04
What is the ratio of new issue? Isn’t it 1:2
latest answer
1:2
Sugam SM
CA Final
★ 9K+
1
300
Exceptional item
Accountancy
answered on 16-Jun-23 09:30
Does disposal of short term is considered as exceptional item?
latest answer
No. Need more context.
Atharv Sankliya
CA Final
★ 3K+
1
333
Company a/c
Accountancy
answered on 13-Jun-23 13:00
Journal entry for the question
latest answer
Shares Applied for: 1500 Share Issued / forfeited: 600 Pro-rata: 1500:600 = 5:2 Paid Value + premium = 7 + 2 Unpaid Value + premium = 3 + 1 Since Application and Allotment value is not specified, we assume that there is no excess payment to be adjusted in call money Journal Entries in the books of Tushar Ltd. Share Capital A/c Dr. (600 x 10) 6,000 To Share first and final call A/c (600 x 3) 1,800 To Share Forfeiture A/c (600 x 7) 4,200 (600 Shares forfeited for non-payment of first & final call money) Bank A/c Dr. (400 x 9) 3,600 Share Forfeiture A/c Dr. (400 x 1) 400 To Share Capital (400 x 10) 4,000 (400 Shares reissued at Rs.9 as fully paid up) Bank A/c Dr. (100 x 11) 1,100 To Share Capital (100 x 10) 1,000 To Securities Premium A/c (100 x 1) 100 (100 Shares reissued at Rs.11 as Rs.10 paid up) Share Forfeiture A/c Dr. (400 x 1) 3,800 To Capital Reserve A/c 3,800 (Excess in Share forfeiture transferred to Capital Reserve A/c)
Diya Kandoi
CA Inter
★ 0
3
374
bank o/d
Accountancy
answered on 12-Jun-23 20:21
Where this shall be disclosed?
latest answer
It is Assumed that It will repaid in one year so short term borrowings If no idea about repayment then long term borrowings In Practical Life it is shown in loans and liabilities
Sugam SM
CA Final
★ 9K+
3
341