Investment

answered on 06-Jun-22 11:13

What is the meaning of cum-right shares? Why In those shares amount of sold right not deduct from the cost of investment?

latest answer

Market price, which exists before rights issue, is termed as Cum-right Market Price of the share. Cum-rights shares are thus, whose price include the value of right. Can you be clearer in your second part of question? In these shares, rights sold are reduced from carrying amount if market value of investments immediately after their becoming ex-right is lower than the cost for which they were acquired.

Rakesh Shah

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285

Rectification

answered on 06-Jun-22 10:55

For the 1st , can I write ?? Bank Dr.20000 To drawings 20000 And exp acc Dr. 12000 To bank 12000 ?? But answer is : Exp acc Dr. 12000 To drawings acc 12000

latest answer

Answer

Reetikaa R

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375

Contingent liabilities

answered on 08-Jun-22 09:57

Contingent liability is need to be disclosed in the financial statements or not.

latest answer

Need to be disclosed

Jitendra Kumar

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Profit or loss pre and post incorporation

answered on 05-Jun-22 18:22

Why bad debt recovery has double effect? Please elaborate

latest answer

Bad debts recovery is not related to this year so we shouldn't deduct them from bad debt and As the bad debt are recovered they are recovered from PY debtors it's a income so it should be shown as income and it is pre incorporation only

Rinuja TK

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Ind AS 12 Income taxes

answered on 08-Jun-22 14:53

In identifying the expectations for the Deferred Tax Asset or Deferred Tax Liabilities (DTA/DTL), In a transaction where it is not a business combination & neither impacts accounting PROFIT or taxable PROFIT - in such case no DTL/DTA to be recognised. Doubt:- where the transaction impacts only the accounting LOSS, is DTA/DTL to be recognised or not

latest answer

Yes

Chandu vadla

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260

Liquidation expenses doubt

answered on 03-Jun-22 20:16

Why good will account to be debited in case of Liquidation expenses is paid by purchasing company in purchasing method

latest answer

Thanks

Venkatesh .

CA Inter

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Partnership accounts

answered on 03-Jun-22 11:51

In May 22 paper, dissolution of partnership firms question. Instead of doing adjustments in p/l adjustment account I did the adjustments in realization account. Is it OK?

latest answer

No problem

Nikhil Vasanth

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Bank Reconciliation Statements

answered on 03-Jun-22 09:19

What is the meaning of initials on right side of pass book format

latest answer

It's sign

Subramanyam N

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272

Consolidated financial statements

answered on 11-Jun-22 21:43

Sir/mam , can you please explain me the reserve working note. Another doubt is how change in opening inventory will not affect p and l. It will change the closing profit know sir/mam.

latest answer

Thank you sir

Umayal Lakshmanan

CA Final

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230

Preference share capital

answered on 02-Jun-22 00:32

Is preference share capital part of equity or liability in the balance sheet as this is also an external liability

latest answer

Ok

Vaibhav Gupta

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