Replacement Cost

answered on 28-Nov-22 10:18

What is the use of this replacement cost in accounting? Can anyone explain me with an example?

latest answer

You will learn in AS-2

Snehashis Mohanty

CA Inter

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8

341

Replacement Cost/Current Cost

answered on 28-Nov-22 10:26

Can anyone give me an example of liability on Replacement Cost or Current Cost basis

latest answer

What is context?

Snehashis Mohanty

CA Inter

★ 5

1

226

Company accounts

answered on 26-Nov-22 23:27

If 2000 shares are issued and 2400 are applied app- 40 all-50 (inc. premium 20) calls- 30 . Mr. A applied for 120 shares failed to pay allotment. Later these shares were forfeited . Can anyone give journal entries for this question..

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Thank you.

Jahnavi Jaijapuram

CA Foundation

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4

311

Rectification of errors

answered on 26-Nov-22 21:42

Can we write the narration like which i have written.... Is it correct.

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Yes it's crt:)

Vikas Patwari

CA Foundation

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3

240

How can we identify between principle error and error of commission.

answered on 26-Nov-22 14:39

How can we identify between principle error and error of commission. Because a mistake in accounting can occur either due lack of knowledge or it might be a mistake in the part of accountant.

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An "error of commission" occurs when an accountant enters a correct figure but in a false subsidiary account of the same type. An error of principle occurs when an accountant enters a correct number into the wrong account, typically one for capital or revenue.

Dova Shaji

CA Inter

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1

270

Insurance claim

answered on 26-Nov-22 07:25

Solution

latest answer

Question is not clear. Also what is the doubt?

Mr B

CMA Inter

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1

230

Can anyone solve this

answered on 25-Nov-22 13:15

Insurance claim

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Seems emoji is not supported in this forum... Any way... You're welcome

Mr B

CMA Inter

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4

241

BRS

answered on 24-Nov-22 19:01

Should we prepare adjusted cash book for this ? Or just BRS will be enough ? What if I get same answer in both cases?

latest answer

The question has clearly asked only for BRS

sradha krishna sunil

CA Final

★ 5K+

5

316

3 tests for buyback

answered on 23-Nov-22 19:01

Just a quick question. In the attached problem, the securities are bought back at Rs.30. Rs.10 is F.V and the rest is premium on bb. While calculating the third test we are allowed Rs 150cr to buy back, but Sir is splitting this between CRR creation and buyback as a total of Rs. 40 for one share. So if we are allotting Rs.10 to CRR the rest for bb should be Rs.20 right? Why is he taking it as Rs. 30 for bb and Rs.10 for CRR?

latest answer

30 - Buy back value 10 reduces share capital 20 reduces reserves And further 10 is transferred from free reserves to CRR

Sri Murthy

CMA Inter

★ 0

2

525

Liquidation of companies

answered on 23-Nov-22 00:15

Can anyone tell me how to solve this sum using sathyaragu sir method. He asked us to find rate per share Iam not getting the correct answer

latest answer

CONVERT SHARES INTO Equivalent SHARES BY SELECTING A FV AS BASE AND THEN SOLVE

vs navin

CA Final

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5

230