Financial Statements of Company

answered on 28-Sep-22 09:43

Sir as I highlighted the text; directors declared dividend of 8% on Equity Shares Transferring any amount that may be required from General Reserve. Right? But ICAI has not even reduced one single rupee from General Reserve and Profit and Loss A/c. Why so? And their balance sheet is accurately tallied.

latest answer

No worries. If you are able to figure out on own nothing like that. Also do not keep your query private. You will get faster response.

A B

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Redemption of preference shares

answered on 26-Sep-22 15:41

Which will happen first in real world. Is it payment to shareholders first or transfer to CRR?

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The transfer to CRR is a book entry. It will be done on the date on which payable entry is reflected.

Sugam SM

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Redemption of preference shares

answered on 26-Sep-22 12:52

Why did they pass application entry although it is direct offer to shareholders? Illustration 5 of study mat

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See its a contract. Can be structured in any way which is convenient

Sugam SM

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Partnership Accounts

answered on 28-Sep-22 20:24

In this Question it is written as "writen off" on building, plant and furniture then also they have charged it for half year it should be written off in full.

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Ok Thanks

Harsh Mittal

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Partnership Accounts

answered on 23-Oct-22 06:10

In this Illustration is the Business Purchase A/C made wrong as the profit is shown on credit side.

latest answer

Ok Sir, thank you

Harsh Mittal

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AS 20

answered on 26-Sep-22 11:16

If equity shares were issued on 1st April 20X0 and the amount was collected on 30th April 20X0, Then from which date shares outstanding were calculated?

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30 th april

Balaji K

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BRS

answered on 26-Sep-22 15:44

(v) Bankers seems to have given here wrong credit for â?¹ 500 paid in by her in Account No. 8765 and a wrong debit in respect of a cheque for â?¹ 300 against her account No. 8765. How do we reconcile this if we start with bank overdraft as per passbook ??

latest answer

Wrong credit given - 500. So passbook overdraft would be less by this amount. So you will add. Wrong debit given - 300> Passbook overdraft would increase by 300. So you will reduce. If you still have a doubt, pls let us know.

Monisha KM

CA Inter

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480

Consolidation of financial statements

answered on 30-Sep-22 16:37

How to calculate % of holding here

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NIdhi has not credited interest. So you need to add to profit of Nidhi.

krishna prasanthi

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Redemption of debentures -Acc

answered on 29-Sep-22 18:16

When deb redemption reserve investment should be done ?In some sums they didn't create it .In some sums they have .Can anyone clarify me please

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Thanks

Shankari C

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Consolidation of financial statements

answered on 26-Sep-22 17:08

Are there any sums being asked on the topics of 1.difference in reporting dates 2. Investment in preference share capital As there are no sums in the T.b on those topics

latest answer

Oh okay sir.. thank you very much

krishna prasanthi

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