Profit prior incorp

answered on 05-May-23 06:23

Provision for income tax should be allocated on what basis??

latest answer

Generally its on time basis

Prasanna Ram

CA Inter

★ 0

3

241

Fin statements

answered on 02-May-23 11:44

Share suspense account to be shown under current assets under other current assets???

latest answer

current

Reetikaa R

CA Final

★ 7K+

2

236

MTP -2

answered on 01-May-23 20:53

How is 14033 interest is calculated? And why is it on debit side?

latest answer

This is Debenture interest closing balance transfer to P/L A/C...

Pooja .

CA Final

★ 210

1

295

Scrap sale of spoiled direct material

answered on 01-May-23 19:03

Does scrap sale of spoiled/destroyed direct material reduces the cost of production means does it is credited to mfg a/c

latest answer

Either reduce from cost of production or consider as other misc. income.

Atharv Sankliya

CA Final

★ 3K+

1

238

Classification of accounts

answered on 01-May-23 19:31

Cash is a real account and a bank account is a personal account, right?

latest answer

Oh yes Sir, got it. Thank you!

Nidhi S

CA Inter

★ 4K+

2

232

Grp 1 accounts chapter 8 REDEMPTION OF DEBENTURES book back sum que 4 icai study material

answered on 01-May-23 18:48

Why in the debenture redemption reserve account, 10% of purchase of 2000 shares (2000*100*10%) not done on the debit side?

latest answer

Thank u sir

Vibraja Janardhanan

CA Inter

★ 80

3

366

cashflow statement

answered on 02-May-23 11:45

will interest on debenture be calculated on opening or closing balance of debenture? (study material practical question 2)

latest answer

Here you need to state assumption and compute. It is not very clearly given inthe question.

Pooja .

CA Final

★ 210

4

231

Redemption on debentures

answered on 01-May-23 18:00

Drr 10% and Drr investment 15% only ri8?

latest answer

tnx brw

Ganesh U

CA Final

★ 6K+

2

231

Preference share

answered on 01-May-23 15:51

Generally the premium on redemption of preference shares is written. Off from p and l right?

latest answer

Yes

SANSKRITI BADRI 2111339

CA Final

★ 3K+

1

250

Debenture redemption reserve

answered on 01-May-23 14:18

Why is the ledger account of debenture redemption reserve account not normal.? Like the "by" are on the debit side and "to" are on the credit side. Attached pic for reference.

latest answer

Error

Prasad Ramasamy

CA Final

★ 4K+

2

313