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Redemption of preference shares PQ(2)
Accountancy
answered on 29-Sep-22 12:54
Anyone explain this entry? I haven't started redemption of Deb chapter. Since 1000 were redeemed, interest also should be on 1000 FV of debentures right? i.e., 1000*100*9/100*4/12 And equity shares were rs2 per share then how did they consider 15000 shares?
latest answer
So regarding conversion I think I will learn in redemption of Deb . Thanks for the reply..
Sugam SM
CA Final
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5
401
AS-18 Related Party Disclosures
Accountancy
answered on 01-Oct-22 09:56
Find are they related in following cases:- 1)If a person A is a KMP of B Ltd. as well as of C Ltd. then are B Ltd. and C Ltd. related. 2)If A Ltd. holds 60% in B Ltd. and B Ltd. holds 55% in C Ltd. and A Ltd. holds 60% in D Ltd. then are C Ltd. and D Ltd. related.
latest answer
Ok sir, Thank you
Harsh Mittal
CA Final
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316
Cash Flow Statement
Accountancy
answered on 30-Sep-22 16:00
To calculate the value and increase/decrease; Opening Value of Balance Sheet - Closing Value of Balance Sheet Taken. But why for Trade Payable and Outstanding Liabilities the sequence was changed to Closing Value of Value Sheet - Opening Value of Balance Sheet?
latest answer
Yes. To both your questions.
A B
CA Inter
★ 105
7
401
Issue of debentures
Accountancy
answered on 29-Sep-22 08:18
How to calculate intrest on debenture and tax deducted at source a/c And explain the second entry in the problem given below
latest answer
TDS IS APPLICABLE ON VARIOUS INCOME SUCH AS SALARIES, INTREST RECEIVED, COMMISSION RECEIVED, DIVIDENDS etc
Mohammad Badurul
CA Inter
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6
409
Solution needed
Accountancy
answered on 28-Sep-22 18:29
Plse I need solution for the AS2 sum valuation of inventories........
latest answer
...
MPR Sanjay Kumar
CA Inter
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1
335
AS 9
Accountancy
answered on 30-Sep-22 16:31
A claim lodged with the railways in March 20X1 for loss of goods â?¹2,00,000 had been passed for payment in March 20X3 for â?¹1,50,000. No entry was passed in the books of the Company, when the claim was lodged.Advise P Co. Ltd about the treatment of the following in the financial statement of Accounts for the year ended 31st March 20X3. Can someone explain the answer in simple termsâ?¦
latest answer
Okay Sir
Swetha S
CA Inter
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2
534
Cash Flow Statement
Accountancy
answered on 28-Sep-22 13:56
Can we present Cash Flow Statement in this manner rather than which is suggested by ICAI? And why they added Interest on Debentures to Cash Inflow from Operating Activities? And can i directly write Profit and Loss A/c value rather than showing in Cash Outflow from operating activities.
latest answer
I interpreted the answer in this way. Instead of adding separate entry for add less i was trying to deduct the value from closing balance.
A B
CA Inter
★ 105
4
591
Purchase
Accountancy
answered on 28-Sep-22 17:05
Here, selling price on units purchased is used to find out the total selling price.Why?usually we use SPÃ?units sold to find total selling price but here different.
latest answer
Thanks a lot
Shankari C
CA Inter
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7
362
Internal Reconstruction
Accountancy
answered on 27-Sep-22 21:48
What is the difference between reconstruction ordered by court & not by court
latest answer
Not by court is nothing but voluntary reconstruction So company on its own thinks to make internal reconstruction But in case of an order by law Tribunal orders the company to make internal reconstruction So basically diff between internal reconstruction and external reconstruction is in case of external reconstruction reconstruction takes place externally that means some sort of mergers, acquisitions, take overs comes under this criteria But in case of interna reconstruction rights of share holders and creditors will be changed nothing but reconstruction takes place internally
sasidhar cheboyina
CA Final
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2
350
ESOP
Accountancy
answered on 01-Oct-22 00:06
In ESOP,If a question gives the no of employees who left the company on an estimation basis for a year as well as real figures of employees left is given,then which no.of employees(real or estimated) to be considered for the calculation of employee compensation expense?
latest answer
Thank you sir
sarvani musti
CA Inter
★ 5
9
397