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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

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

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

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

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

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

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

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

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

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

Sugam SM

CA Foundation

9K+

1

274

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