Redemption of debentures illustration 4

answered on 02-Sep-22 16:18

In illus 4, we are redeeming it after 1 year. But we are not accounting 12% debenture interest. How to identify whether to pay the interest or not in the sums if no information regarding the same is not given? Anyone?

latest answer

Generally it will be given in question. Else you can make an assumption and solve.

vs navin

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Illustration 6 of dissolution of partnership firm

answered on 27-Aug-22 21:24

On what basis purchase consideration is divided between cash and equity shares....how equity shares is 76,833

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Thank you !!!

Sri Yoga Vishwa. P

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Company

answered on 26-Aug-22 12:16

What is Share Capital??

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Share of fixed amount of money contributed by various persons for the capital of the company

Prathmesh kharul

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Primary market

answered on 26-Aug-22 10:13

Is Primary market like a stock market?

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In the primary market, companies sell new stocks and bonds to the public for the first time, such as with an initial public offering (IPO). The secondary market is basically the stock market and refers to the New York Stock Exchange, the Nasdaq, and other exchanges worldwide.

Amit Pandit

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Too confusing

answered on 25-Aug-22 21:18

Raw material should be valued at cost but what is mean by replacement cost

latest answer

Thats all it is . Btw u will get from free resources

MPR Sanjay Kumar

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Please tell me correct or not this is

answered on 25-Aug-22 22:00

As per Accounting standard valuation of inventories Raw materials-(at cost should be value, if the finished goods are above the sold ) Finished good below sold means replacement cost For working progress and finished goods should be valued at lower of cost and net realiseble value This is correct or not please tell me

latest answer

But little bit clarity, If FG sold less than cost- that's when -raw materials should be valued at replacement cost.i.e. till the time selling price=cost,it's ok. Otherwise-replacement cost

MPR Sanjay Kumar

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AS 19

answered on 31-Aug-22 12:48

In AS 19 For accounting of Finance lease, lessor and lease has diff ways of recognising lease rentals.Lessor do recognise asset on net investment value And lesse recognise it on lower of pv of mlp or fv of asset. Then it may rise to issue in difference of finance charge/income. And if it is so then what is the treatment of difference in finance charge and finance income. Is the unearned finance income tells about this difference?

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The lessors income may be different from lessee's expense.

Vaishnavi Jha

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Doubt

answered on 25-Aug-22 01:06

Sir in provisions, contingent liabilities and current liabilities u didn't discuss much about current liabilities part and in unit 3 at the some tabular formats u have used that very confusing. Beginning examples I got .. so can I ignore tabular formats explainations? Is that very important to understand ..

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Unit 3 is about glossary and u need not worry about it more. U will come across those as u study chapters

Anil Raj

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Amalgamation of partnership firms

answered on 25-Aug-22 11:24

Practical 3 in pg no 2.109 of module 1( adv accts) is difficult to understand (in ISM).. and not getting clarity.. Kindly help...

latest answer

Which part do you have a difficulty in understanding?

Naveen Kumar S

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Depreciation

answered on 25-Aug-22 05:20

What is carrying amount in depreciation chapter??

latest answer

The carrying amount is the original cost of an asset as reflected in a companyâ??s books or Balance sheet , minus the accumulated depreciation of the asset. It is also called book value and is not necessarily the same as an assetâ??s fair value or market value.

Prathmesh kharul

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