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Debenture redemption
Accountancy
answered on 15-Mar-25 18:39
If DRI is realised at profit at the time of redemption, is it written off from capital reserve first or from statement of profit & loss first?
latest answer
If its sold at profit, it is credited to P&L
Asmita Kar
CA Foundation
★ 7K+
1
103
Branch
Accountancy
answered on 12-Mar-25 07:00
a) What would be the exchange rate of computer Cl, op or avg Pls explain this point
latest answer
Some of the information, say for example, assets or closing stock they will provide the actual dollars(in some problems) so we directly take it as the actual amount for convertible from ruppe to dollars
Sushmita Chowdhury
CA Inter
★ 2K+
5
128
Cash flow statement
Accountancy
answered on 15-Mar-25 21:29
In this question, if the name is given as Zen ltd(company), can we consider the entire increase in share capital account of 224000 as issue of shares?
latest answer
okay Sir
Nisha M
CA Final
★ 2K+
2
134
Bank cash book
Accountancy
answered on 11-Mar-25 08:43
IA 1. From the following particulars, prepare a Bank Reconciliation Statement. a. Debit balance as per cash book Rs.15,000 b. Three cheques of Rs. 1,500, Rs.2,500 and 3,000 were issued but not presented for payment C A cheque of Rs.2,000 paid into the bank for collection, but not collected by the bank d. Bank charges debited in pass book but not recorded in cash bank of Rs.1,000 e Interest collected and credited by the bank but not entered in cash book of Rs.1,500
latest answer
What is your doubt in the question?
Puskar Ayer
Qualified CA
★ 0
1
179
Cash flow Statement
Accountancy
answered on 11-Mar-25 10:46
Sir, can we treat 'loss on sale of P&M' as a non cash item instead of treating it as an investment related activity for adding back it to Net Profit
latest answer
Okay Sir
Nisha M
CA Final
★ 2K+
2
108
Buyback
Accountancy
answered on 10-Mar-25 10:12
In this illustration, why only 300 transferred to crr???.when 500 shares bought back
latest answer
Thank you sii
Priyanka R
CA Inter
★ 20K+
2
101
Equity share capital (Balance sheet)
Accountancy
answered on 11-Mar-25 10:04
In the notes to accounts , can you please explain how the equity share capital amount was calculated ?
latest answer
Please look at WN 2 in the solution there will be 4,20,000 valued of equity shares. So the total shares are 1,00,000 of hari Ltd and 4,20,000/10.5 = 40,000 of Vayu Ltd. 10.5 includes the premium of 0.5
Merlin Mathew
CA Inter
★ 11K+
1
146
Top Down Test Example
Accountancy
answered on 11-Mar-25 10:35
What is the difference between the Carrying amount of the smaller CGU and of the larger CGU? Is there a reason why the CA of the smaller CGU is given in the problem?
latest answer
First we check if can allocate goodwill to lowest, if yes then we allocate to smallest CGU and check for impairment This can be a trick to confuse you in the exams.
V V
CA Inter
★ 3K+
1
124
Need clarification of illustration 2 of RPT AS 2
Accountancy
answered on 03-Mar-25 20:12
Sir, Please explain the illustration 2 of RPT AS 2, Which i can't understand clearly.
latest answer
You can watch revisions of AS 2
kravel
CA Inter
★ 2K+
2
111
In Buy back Trade payable
Accountancy
answered on 03-Mar-25 07:31
"Trade payable is given under application of funds (less: Trade payables). It means trade receivable is also the same amount, so it has been written off????
latest answer
No , they are showing net amount under application of funds( i.e., assets - liabilities)in the question
kumaresan C
CA Inter
★ 345
1
136