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Pre and post incorporation
Accountancy
answered on 21-Sep-23 09:58
When there is both date of incorporation and date of certificate of incorporation then what should be taken for calculation of time ratio? And why?
latest answer
Thankyou sir
GOKULALAKSHMI PANNEER
CA Final
★ 2K+
4
500
AS10
Accountancy
answered on 11-Sep-23 10:48
Explain these two illustrations
latest answer
When a part is replaced the existing carrying amount of part is to be derecognised and new part is to be recognised.
Rifhat Khan
CA Inter
★ 28K+
1
404
Profit or loss pre and post incorporation
Accountancy
answered on 10-Sep-23 17:05
Sir why the pre- incorporation profit is taken to capital reserve and loss is taken to Goodwill ? What is the logic or reason behind it?
latest answer
Loss means net assets are lower and we pid higher. Hence goodwill. You will understand in Amalgamation
GOKULALAKSHMI PANNEER
CA Final
★ 2K+
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As-20 eps
Accountancy
answered on 11-Sep-23 10:32
Sir, Example : (jan-dec) 1000 shares issued on jan-1 2000 shares issued on march-1st. Bonus issued 1:2 on Aug-1st.for above shares... [ ••PERIOD WEIGHT FACTOR•• ] What date should we consider For "bonus shares" weighted avg calculations (WANES) related to "2000" shares issued on march-1st... (when there are no shares issued in PY) From beginning of the year or... From march-1st.. ?
latest answer
Means not converted and will not be converted in future.
Divya K
CA Inter
★ 885
3
387
Banking co.
Accountancy
answered on 09-Sep-23 07:26
How 2586 has come under schedule 13 of yr ended 31/3/2023? My computation: 2045+55+112+177=2389 I don't know what I have missed
latest answer
Ok, thanks 😊
Yamuna S
CA Inter
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2
590
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
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3
485
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
555
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
475
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
448
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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453