Forums
Replacement Cost/Current Cost
Accountancy
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
★ 35
1
282
Company accounts
Accountancy
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..
latest answer
Thank you.
Jahnavi Jaijapuram
CA Foundation
★ 6K+
4
377
Rectification of errors
Accountancy
answered on 26-Nov-22 21:42
Can we write the narration like which i have written.... Is it correct.
latest answer
Yes it's crt:)
Vikas Patwari
CA Foundation
★ 3K+
3
288
How can we identify between principle error and error of commission.
Accountancy
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.
latest answer
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
★ 520
1
378
Insurance claim
Accountancy
answered on 26-Nov-22 07:25
Solution
latest answer
Question is not clear. Also what is the doubt?
Mr B
CMA Inter
★ 0
1
288
Can anyone solve this
Accountancy
answered on 25-Nov-22 13:15
Insurance claim
latest answer
Seems emoji is not supported in this forum... Any way... You're welcome
Mr B
CMA Inter
★ 0
4
312
BRS
Accountancy
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
377
3 tests for buyback
Accountancy
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
693
Liquidation of companies
Accountancy
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
★ 1K+
5
285
Liquidation of companies
Accountancy
answered on 21-Nov-22 22:46
In illus 2, how this balance of unsecured creditor 25000 came?
latest answer
Amount realized is 100000 Secured creditors is 125000 Unsecured creditors= 125000â??100000=25000
vs navin
CA Final
★ 1K+
1
345