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Bonus, Pref Shares
Accountancy
answered on 30-Apr-23 15:25
What reserves and in which order can we use them to 'Issue Bonus Shares' and 'Redeem Pref Shares'
latest answer
Bonus shares - CRR - Securities Premium - P&L balance For redemption of preference shares - Free reserves.
Kriti Iyer
CA Inter
★ 3K+
2
248
Markup a/c departmental accs
Accountancy
answered on 30-Apr-23 15:26
There is difference in solution in old material and nee material in markup acc which one we need to follow
latest answer
Both can be followed.
Neha
CA Inter
★ 3K+
1
220
Investment accounts
Accountancy
answered on 30-Apr-23 10:42
Why is the dividend adjusted against the cost of purchase and why the bonus and right issue is not adjusted?
latest answer
It's okay
Shaviri Reddy
CA Inter
★ 1K+
6
324
Firm's Rent waived by landlord accounting
Accountancy
answered on 30-Apr-23 15:28
Is there any accounting treatment for the rent waived by landlord during pandemic Does it is considered as gain for the purpose of accounting?
latest answer
If rent waived off there is no accounting requirement. However as you move to CA Inter/CA Final you will understand the concept of lease accounting where you will see the impact of rent waived etc.
Anjali S
CA Inter
★ 0
8
259
Sales promotion expense as cost of production
Accountancy
answered on 30-Apr-23 15:28
Does sale promotion expense is a part of cost of production if the promotional gift is inbuilt in product Like free premium of Netflix, YouTube in mobile phone Or we have to record it in p&l a/c as sales promotion expense?
latest answer
Yes
Atharv Sankliya
CA Final
★ 3K+
3
244
Pre post
Accountancy
answered on 30-Apr-23 15:30
Explain this point
latest answer
This is basically interest paid to vendors from the date of taking over till date of incorporation. Anything post incorporation, you will show in post incorporation.
Sugam SM
CA Foundation
★ 9K+
2
259
Pre and post incorporation
Accountancy
answered on 29-Apr-23 21:36
While solving problems are we supposed to write the proper p and l format ? In some places it’s given in proper format, and sometimes it’s not .. which should I follow
latest answer
Normal format given in class is fine
SANSKRITI BADRI 2111339
CA Final
★ 3K+
1
240
Redemption of Debentures
Accountancy
answered on 30-Apr-23 15:53
If we are to prepare both Own debentures a/c and Int. on debentures a/c, then, Can we put the interest related to the debentures purchased in the own debentures a/c and interest on remaining debentures in separate "int. on debentures a/c" OR Should we remove interest column in Own debentures a/c and show all transactions in "int. on debentures a/c"
latest answer
You can either show column or prepare separately
Kriti Iyer
CA Inter
★ 3K+
2
270
Dissolution
Accountancy
answered on 30-Apr-23 16:14
In the question we transfer the realisation loss directly to the partners capital account will it still be correct or should we do it in the study material way where that have take it to the partners current accounts
latest answer
Either way can be done.
sradha krishna sunil
CA Final
★ 5K+
3
214
AS 10
Accountancy
answered on 29-Apr-23 12:31
Sir plz explain this ques
latest answer
Incurring cost to build access road. But road is not in control of the entity. So road cannot be an asset. However the cost can be added to plant cost.
Sugam SM
CA Foundation
★ 9K+
1
274