Amalgamation-debentures

answered on 10-Nov-22 17:19

Here in this question is it worth of zed Ltd 105 or wye Ltd??

latest answer

105 is the agreed value of wye ltd's debenture.

Sai Swetha

CA Final

★ 7K+

7

302

Applicable RATES for Nov-22

answered on 10-Nov-22 17:15

Statutory Reserve Rate=? Cash Reserve Rate=? Statutory Liquidity Rate=? Capital Adequacy Rate=?

latest answer

4%.

Mahantesh Biradar

CA Final

★ 92K+

4

275

insurance claim - loss on profit policy

answered on 10-Nov-22 17:25

sir under loss on profit policy , on the topic of turnover ( GROSS PRIFIT RATIO ) - if the accident happen on year end ( 31.3.2022 ) then which year turnover should be consider as financial year turnover a.) 1.4.2020 to 31.3.2021 (OR) b.) 1.4.2021 to 31.3.2022

latest answer

Previous year. Year ending 31.03.2021.

akhil shihab

CMA Inter

★ 25

2

253

Journal entries

answered on 10-Nov-22 22:57

In journal problems why bank account debited to capital for capital introduced transaction? Why can't we write cash account debited? Is it wrong if I debited cash account? Without clarity whether we are putting into bank directly or drawing from bank , we can debit or credit cash account right...

latest answer

The account to be chosen is at our discretion but, since a person is likely to commence a business with a large amount of cash, he is probably going to deposit the amount in a bank account for many reasons like safety etc

Anil Raj

CA Foundation

★ 580

3

306

Advanced accounting NBFC

answered on 10-Nov-22 08:04

This is from nbfc. Calculating owned funds. ...There... excluding reserves created by revaluation of assets... given right, When to reduce, Ie if included in capital reserve or whether or not included in capital reserve

latest answer

ð???ð??? thanks

Deepa Kotapati

CA Inter

★ 3K+

4

331

Banking Companies

answered on 09-Nov-22 19:32

What is the applicable SLR and CRR for Nov 2022

latest answer

Yes bro.

Thejas R

CA Inter

★ 0

3

330

Company Accounts

answered on 10-Nov-22 17:35

The suspense account of Rs.4,000represents cash received for the sale of some of the machinery on 01.04.2017. The machinery cost was Rs.10,000 and the accumulated depreciation was Rs.8,000. So, the machinery value becomes 2000 and it is sold for 4000 and the profit on the sale of the machinery is 2000 Am I right?

latest answer

Yes

Udaya Kumar

CMA Inter

★ 920

2

497

Partnership

answered on 11-Nov-22 00:30

Why gurner vs Murray rule is not applied here

latest answer

50 % laya he dekh applied

Sairam Reddy

CA Final

★ 10K+

3

275

Depreciation

answered on 10-Nov-22 17:58

Can anyone please send ans to this question

latest answer

Plant purchased in 2010 is sold. The question mentions that all purchases and sales happen in mid of year. So 1/2 year for those sold. Full year for others.

LAVANYA M

CA Final

★ 3K+

7

302

Purchase consideration

answered on 09-Nov-22 21:31

For calculating purchase Consideration Under NAV method Cash & Bank balance is considered or not?

latest answer

Silent means taken over. But generally the question will be. Lear

sasidhar cheboyina

CA Final

★ 95

4

239