Internal Reconstruction

answered on 14-Apr-23 14:30

Should intangible assets be written off to capital reduction a/c when the question is silent about that? Pls clarify.

latest answer

Ok sir thank you!

Sibi Srinivasan

CA Final

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223

Ca inter practical subjects

answered on 14-Apr-23 12:19

Can I be able to pass in the practical papers if I have finished all the book illustration and book back questions and may 2023 RTP and may2023 MTP only?

latest answer

Yes, this is more than enough to pass.

I DON'T KNOW!!! !!

CA Inter

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289

Branch account

asked on 14-Apr-23 00:03

Point "e" ans is "no entry " plz explain how

latest answer

No answers yet!!

Rifhat Khan

CA Inter

★ 28K+

0

238

Investment Accounting

answered on 13-Apr-23 23:33

Should we always reduce dividend received from cost of purchase if the shares are purchased later and dividend is paid for earlier period? or should we reduce if and only mentioned in the question

latest answer

If pre acquisition div then it should be always reduced from cost of investment

Vijay adithya

CA Inter

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270

Investment Accounting

answered on 20-Apr-23 12:30

Ref: Illustration 6 of investment accounting sum is silent about whether rights issue is utilized. but material solution has take n as if rights issue are subscribed and no assumptions are mentioned. In exam is it fine that we solve in either way or is there any hint to be taken from the question?

latest answer

If nothing is mentioned, its assumed to have been subscribed.

Vijay adithya

CA Inter

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240

Cash flow statement

answered on 13-Apr-23 20:42

In question just netprofit is mentioned whether net profit shall be considered as before tax or after tax?if we consider it as after tax then in the solution only the tax is added nd y dividend is not included in net profit aftetax to get net profit before tax

latest answer

Net profit is always assumed to be after tax as per P&L unless mentioned otherwise. Dividend is not debited to P&L and hence you do not add back.

Ujwal Reddy

CA Inter

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237

Redemption of Debentures Illustration 4

answered on 13-Apr-23 20:46

Reference: redemption of debentures illustration 4 sum: in preparing bank account , why interest paid to debentures is not debited in the bank account.?

latest answer

You can assume that interest is not paid and solve accordingly. Or take an assumption that interest is already paid.

Vijay adithya

CA Inter

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206

as 5

answered on 13-Apr-23 17:11

pleasse explain what is adhoc ex gratia and how it is adoption of new acc policy and not change?

latest answer

It is Gratuity payment and the company is adopting it and not change in ac policy coz there is no policy before for payment of gratuity.

Bhavya Kumar

CA Final

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235

Consolidation financial statements

answered on 13-Apr-23 21:05

If general reserve opening is not given,in that case opening : 0 is it right

latest answer

Yes.

OMKAR REDDY

CA Inter

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187

Branch account

answered on 14-Apr-23 10:18

Can anyone plz solve branch stock a/c at IP

latest answer

List price is cost +100% i.e 200 Invoice price is 200 - 20%=160 Then 50000*40/200= 10000

Rifhat Khan

CA Inter

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3

350