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#6 Question for the day (Inter: Advanced Accounting)
Accountancy
answered on 06-Aug-22 21:15
Solve on paper and share photo by 8pm. #LetsPractice Net Profit for financial year 2018-2019 - Rs. 30,00,000 Net Profit for financial year 2019-2020 - Rs. 50,00,000 No. of shares outstanding prior to rights issue - 20,00,000 shares Rights Issue Price - Rs. 20 Last day to exercise rights - 1st June, 2019 Right issue is one new share for each five equity share outstanding (i.e. 4,00,000 new shares). Fair value of one equity share immediately prior to exercise of rights on 1st June, 2019 was Rs. 26.00. Compute Basic Earnings Per Share for financial year 2018-19, 2019-2020 and restated EPS for 2018-19.
latest answer
Tq sir
Sahibdeep Singh
CA Inter
★ 14K+
8
600
As-16
Accountancy
answered on 06-Aug-22 15:11
What is acid test?
latest answer
Litmus test is also used at times (if you remember science - acid + base = salt + water :D)
Sugam SM
CA Final
★ 9K+
7
353
Insurance claim
Accountancy
answered on 05-Aug-22 21:13
Share me the calculation of insured standing charges and uninsured standing charges of Q24
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Thank you ..
Rick Y
CA Final
★ 2K+
3
476
Ca foundation preparation
Accountancy
answered on 04-Aug-22 22:20
I am starting my preparation from today....pls suggest me ...in which order can I prepare accountancy. Which ch first and next etc ..(self study )
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Thanks
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
5
347
Buy back
Accountancy
answered on 04-Aug-22 13:01
While doing buyback of share, for what reason equivalent amount face value of buy back shares, transferred to capital reserve????
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Buyback of shares reduce Share capital.Many investors will hesitate to buy new shares since very low capital is available.To ensure them of their credibility, equivalent reserve is created
Priya Dharshini
CA Final
★ 170
3
313
Inventory
Accountancy
answered on 04-Aug-22 00:57
Please provide me these questions answer along with working note specially cost on sales
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No mention
Samarth Kshatriya
CA Inter
★ 1K+
3
366
Answer with explanation
Accountancy
answered on 03-Aug-22 22:56
Rectify
latest answer
credit supplier A/C by Rs.500 to reverse the wrong effect of debiting instead of crediting
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
3
345
AS 17
Accountancy
answered on 06-Aug-22 09:53
Whether Non cash expenses like depreciation, amortization is included in the segment result?
latest answer
If a particular item of depreciation or amortization is included in segment expense(the expense resulting from the operating activities of segment that is directly attributable to the segment ). then these expenses are included in segment result (segment result =segment revenue - segment expense )
Sri Yoga Vishwa. P
CA Final
★ 2K+
1
348
Profit and Loss prior to Incorporation
Accountancy
answered on 03-Aug-22 10:21
What is the logic behind these entries
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These are memorandum entries to keep a track of collection. One aspect represents receivable from debtor and second aspect reflects payable to the previous owners.
Subramanyam N
CA Inter
★ 6K+
1
381
Basic question
Accountancy
answered on 04-Aug-22 09:59
As I am little bit confuse in basics please try to solve my problem. Is these 2 entries are interrelated or not and if yes please elaborate
latest answer
Why cash twice?
Samarth Kshatriya
CA Inter
★ 1K+
17
359