Forums
Joint cost
Accountancy
answered on 23-Dec-22 14:22
How these cost are multiplied in 2/3 and 1/ 3 Can anyone explain me?
latest answer
On the basis of sale value ratio.
Snehashis Mohanty
CA Inter
★ 35
3
478
Inventories
Accountancy
answered on 20-Dec-22 12:50
Here,what does it mean by Mark up being 20% on cost and how is it calculated?
latest answer
"Profit Markup" Means "Profit % on Cost". And "Profit Margin" Means "Profit % on Sales".
Monika T
CA Final
★ 7K+
6
599
Final accounts manufacturing
Accountancy
answered on 20-Dec-22 07:44
If manufacturing ac is maintained, then do fuel charges come on manufacturing ac or pnl?
latest answer
Manufacturing account
Vedant Vijay
CA Foundation
★ 1K+
2
546
Can anyone explain me this problem?
Accountancy
answered on 18-Dec-22 22:04
I am unable to understand the solution.
latest answer
Lets say you have goods costing Rs 100. Now lets say there is 25% profit on cost = 100 x 25% = 25 Then, the selling price is 100 + 25 = 125. Then percentage profit on selling price is 25/125 x 100 = 20%. hence 25% profit on cost = 20% on sales
Snehashis Mohanty
CA Inter
★ 35
5
583
Diluted EPS
Accountancy
answered on 18-Dec-22 17:54
Why preference dividend is subtracted from net income while calculating diluted EPS? Because in denominator we have common stock. + converting security (pref share into stock).
latest answer
Pls follow our notes/Accounting standards
Mansha Tutlani
CA Final
★ 555
3
548
Capital reserve for bonus issue
Accountancy
answered on 18-Dec-22 18:10
Can I use capital reserve For bonus issue
latest answer
The section uses "may" And puts restriction on revaluation reserves. So capital reserve realised in cash can be used.
SK Png
CA Final
★ 0
3
448
Redemption of preference shares
Accountancy
answered on 23-Dec-22 19:01
When we calculate the no. of new equity shares to be issued for redemption of preference shares, premium on redemption of such preference shares is considered or not ? For example: In Illustration 5 given in Study mat. They consider both nominal value as well as premium on redemption.(Amount payable on redemption) But in Illustration 8 they consider only face value of share redeemed.
latest answer
Thank you sir ! All doubt clear :)
Jitendra Kumar
CA Final
★ 41K+
3
428
SP for BUYBACK
Accountancy
answered on 18-Dec-22 18:13
can I transfer securities premium to CRR for BUYBACK , or can I use it only for premium on buybback set off? If so What is the concept behind it
latest answer
For CRR - we need to transfer from free reserves. For the purpose of buyback - section 68 Explanation II.â??For the purposes of this section, â??free reservesâ?? includes securities premium account.
SK Png
CA Final
★ 0
5
475
Answer this please
Accountancy
answered on 17-Dec-22 11:17
I'm planning to learn redemption of pref shares before learning final accounts for companies..can I do so??is there any link between these chapters
latest answer
I did the same thing that you are planning to do. The only link between 2 chapters is the format of balance sheet as mentioned by Suraj sir. To get a grip on the balance sheet format you have to watch first few videos in final accounts of companies chapter where sir has explained only the format of balance sheet.
Dhakshana Dhakshana
CFA L2
★ 18K+
2
546
Bill of exchange
Accountancy
answered on 17-Dec-22 09:27
Dishoner Or renewal entry are same in this case
latest answer
In renewal a new bill will be drawn
A Y
CA Inter
★ 45
3
455