Banking companies

answered on 24-May-22 15:43

CRR and SLR rates applicable for may 2022 exams ?

latest answer

SLR Rate : 18.00% CRR : 4.00%

Sai Theja

CA Inter

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5

285

Amalgamation of Companies

answered on 24-May-22 15:43

In illustration 10 Can anyone please explain 2nd and 3rd info with regard to entries

latest answer

If Preference shares in Q Ltd are of Rs. 1,00,000, P Ltd. will issue 900 10% Preference Shares amounting to Rs. 90,000 being Rs. (100000-10%)

Manoj Raj

CA Final

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3

282

Banking company

answered on 24-May-22 15:52

Can anyone say how this amount 22,97 has arrived in the illustration 2 schedule 13.

latest answer

2045+148+92+12=2297

Manoj Raj

CA Final

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2

265

As 4

answered on 25-May-22 10:43

Did not this subquestion 1 of question 1.9,pls explain....

latest answer

Got it

pradyumna hariramani

CA Inter

★ 290

4

287

As 29

answered on 28-May-22 16:32

In this Question,against provision, accountant wants to recognize revenue, but it cannot be done because it a contingent Asset as per As29.Even if it is just to avoid understatement of profit ,it is not right because as per prudence contingent asset cannot be recored in p &l

latest answer

Ok thank you

pradyumna hariramani

CA Inter

★ 290

4

327

As 29

answered on 25-May-22 10:14

In 13.1 ,subquestion 1 There is provision created to remove oil rig but why to create provision for restoration of damage which has not incurred till now.It says outflow of resources embodying economic benefits is probable and therefore provision will be created also for damage restoration, did not understand. In subquestion 2 , what is happening here, what are restructuring cost provisions.

latest answer

Thank you Sir

pradyumna hariramani

CA Inter

★ 290

12

310

As 5

answered on 23-May-22 17:38

In question 2.4 , how is this a prior period item,the claim is received this year.

latest answer

Thanks

pradyumna hariramani

CA Inter

★ 290

6

357

SLR and CRR

answered on 23-May-22 18:53

What are the current rates

latest answer

CRR: 4.00% SLR : 18.00%

Kedhar Nath

CA Final

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5

347

Liquidation of companies

answered on 23-May-22 18:55

How to treat the profit and loss a/c balance while preparing statement of affairs and deficiency statement

latest answer

But to prepare deficiency statement (List-H) we have to record it. If it is P&L debit balance should record under contribution to increase deficiency. If it has credit balance should record under contribution to decrease deficiency. If it is Statement of affairs, the same wouldn't be used.

Sai Theja

CA Inter

★ 3K+

5

289

Out of order

answered on 24-May-22 06:57

Can you please explain what does it mean? (a)

latest answer

You check it as on the balance sheet date.

Kumar G

CA Final

★ 12K+

7

341