Forums
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
456
Brs
Accountancy
answered on 16-Dec-22 09:32
What is the opening balance in the below question
latest answer
Okay sir
Monika T
CA Final
★ 7K+
2
606
Incomplete records
Accountancy
answered on 16-Dec-22 10:18
Plz explain this adjustment . Time lag adjustment.
latest answer
One month credit period is allowed both for debtors and our creditors. So,at year end ,one month's sales and purchase will be outstanding
Sugam SM
CA Final
★ 9K+
2
427
Rectification of errors
Accountancy
answered on 16-Dec-22 09:14
Explanation?
latest answer
Depreciation To Suspense
Monika T
CA Final
★ 7K+
5
512
Fixed Overhead Recovery rate
Accountancy
answered on 15-Dec-22 22:24
If we have produced 90,000 per unit but the normal capacity is 1,00,000 if we consider the value of the 90,000 unit as cost of inventory then how can we charge 10,000 unit to P&L which is not sold.
latest answer
Ok I got it
Snehashis Mohanty
CA Inter
★ 35
2
559
Recovery rate of fixed Overhead
Accountancy
answered on 15-Dec-22 21:21
What it is necessary to calculate predetermined recovery rate of fixed Overhead Can anyone explain me with an example?
latest answer
Ok
Snehashis Mohanty
CA Inter
★ 35
6
841
Mark allotment
Accountancy
answered on 15-Dec-22 13:02
How do marks for brs and cash book are alloted( stepwise marks)?
latest answer
Thank you sir!
Yamuna S
CA Inter
★ 15K+
2
555
Valuation of inventory
Accountancy
answered on 16-Dec-22 09:13
Why cost of partly finished product is considered while doing valuation of inventory and why completely finished goods are not taken into consideration.
latest answer
In this question - The requirement is calculate WIP only. If the question asks value of total inventory calculate all.
Snehashis Mohanty
CA Inter
★ 35
9
593