Forums

Investment accounts

Accountancy

answered on 15-Mar-23 21:46

How to find which is post acquisition and pre acquisition dividend in variable fixed bearing securities qn?

latest answer

Thank you

Pooja .

Pooja .

CA Final

210

4

342

Pre and post Inc

Accountancy

answered on 15-Mar-23 16:59

What would be the case if these investments were sold in post inc period. What would be the treatment of int and profit on investments?

latest answer

Interest split on basis of time. Gain in post incoporation period.

Sugam SM

Sugam SM

CA Final

9K+

4

345

Liquidation of Companies

Accountancy

answered on 14-Mar-23 18:22

Is it compulsory to pay preference dividend along with preference share capital, in case of liquidation?

latest answer

Depends on the nature and shareholders agreement

Tharun Guntupalli

Tharun Guntupalli

CA Inter

3K+

1

342

No of marks awarded

Accountancy

answered on 14-Mar-23 18:34

So I was solving this problem and I got one adjustment wrong. However final answer was correct w.r.t pre and post inc. So how much marks would be awarded if this was for 10 marks? All workings are forming part of answers

latest answer

Show working for one. Next can be balancing figure

Sugam SM

Sugam SM

CA Final

9K+

6

333

Insurance claims

Accountancy

answered on 14-Mar-23 17:08

In this case policy amount is 120000...but insurable sum is 150000..avg clause applies... Still the amount of claim 120000..why?? Claim amount should be less than the policy amount right???

latest answer

Ok sir

pullagorla sivaram

pullagorla sivaram

CA Inter

5

6

436

Unknown credit in bank

Accountancy

answered on 13-Mar-23 19:49

How company account for any unknown or untraceable cash deposit for there is no information available does it record it as a suspense account or not record in books but record in BRS

latest answer

Yes.

Anjali S

Anjali S

CA Inter

0

6

364

CFS

Accountancy

answered on 14-Mar-23 09:10

Why provision for doubtful debt is added with general reserve in this sum.

latest answer

Thank you sir

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

6K+

2

319

CFS

Accountancy

answered on 14-Mar-23 09:10

Why adjustment for opening inventory will not have any impact in p and l.

latest answer

Thank you sir

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

6K+

2

335

Ind as applicability

Accountancy

answered on 13-Mar-23 18:33

Can a newly incorporated company in FY22-23 having net worth less than 50 crore comply/follow ind as on voluntary basis?

latest answer

Yes

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

1

331

Is it mandatory to follow AS by non corporate entity

Accountancy

answered on 13-Mar-23 17:44

Is it mandatory to follow AS by non corporate entity ?

latest answer

If the books are being audited by a CA Full applicability discussed in this video. https://youtu.be/SBz6fh6rFJI

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

1

416