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Banking companies

Accountancy

answered on 11-Nov-22 10:56

In p/l of banking co. Even if no info given, should we transfer 25% to statutory reserve?

latest answer

Yes

Pushkala S

Pushkala S

CA Final

3K+

2

367

Internal reconstruction

Accountancy

answered on 11-Nov-22 10:12

Why transfer full creditors to capital reduction account.Their claim is reduced only by 25%,so It should be creditor A/C Dr. TO cap reduction account I.e. 13000 Even for debentures we have only transferred to cap reduction account only 172500 and not full amount of debentures Pls help

latest answer

Ok sir

pradyumna hariramani

pradyumna hariramani

CA Inter

290

2

410

Admission of partner

Accountancy

answered on 14-Nov-22 16:34

What will be the journal entry with amount for- C was admitted as a partner and agreed to bring 25,000 as capital and 10,000 as goodwill. It was agreed that the goodwill settlement to a and b will take place outside the firm.

latest answer

IF settled outside the firm, why will cash be brought to business for 10,000

Vedant Vijay

Vedant Vijay

CA Foundation

1K+

4

411

Can u solve this? �

Accountancy

answered on 14-Nov-22 16:36

Pls help me solving out this sum..

latest answer

What is your doubt?

Srinivasan R

Srinivasan R

CMA Inter

825

3

473

Internal Reconstruction

Accountancy

answered on 11-Nov-22 08:17

What is the journal entry for inventory overvalued??

latest answer

Sorry... It's my mistake..

Pragati Maniyar

Pragati Maniyar

CA Inter

5K+

3

388

Partnership Accounts

Accountancy

answered on 11-Nov-22 07:06

If in question any asset is given and taken to Realisation A/C and then no realised value is given then should we realise it at the book value itself.

latest answer

No effect is needed

Harsh Mittal

Harsh Mittal

CA Final

1K+

3

382

As 18

Accountancy

answered on 11-Nov-22 00:16

We should take 10 + 5 but they did 10(60%) Which is right?

latest answer

Answer is right because holding company can only exercise 60 % of 15 % hence only 19 % so no related party disclosure requirements applicable

Jaanu Jaanu

Jaanu Jaanu

CA Final

4K+

1

407

Banking

Accountancy

answered on 11-Nov-22 09:46

To measure if crr is met should we c oly current account or both current and other..

latest answer

Please helping in solving practical problem of banking company

Shru Kanda

Shru Kanda

CA Inter

610

2

379

CRR SLR

Accountancy

answered on 11-Nov-22 18:08

Please say CRR SLR rate applicable for nov 22 (banking chapter)

latest answer

I got this in telegram groups

Balaji R

Balaji R

CA Final

20K+

8

429

Accs small doubt

Accountancy

answered on 10-Nov-22 23:10

Can anyone explain me what is given below

latest answer

Thanks too both of them

Balachandar S

Balachandar S

CA Inter

59K+

3

357