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Redemption of preference shares
Accountancy
answered on 18-Jul-22 22:22
In this practical question no 1 can we convert 4,000 preference shares of rupees 10 each into fully paid preference shares and redeem them? In module they have only redeemed preference shares of worth rupees 1,80,000(18,000 shares*rupees 10)
latest answer
Most welcome
Dharshini Sankar
CA Inter
★ 7K+
8
345
Branch accounts
Accountancy
answered on 22-Jul-22 21:47
How does goods marked on invoice price help achieve the objective of effective control on stock? Please elaborate
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Thankyou
Rinuja TK
CA Inter
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4
319
AS-10
Accountancy
answered on 18-Jul-22 14:17
Sir here they have clearly mentioned salaries of staff who will be preparing store, so this should be capitalised right then why we should assume the other way...
latest answer
Ohh okay sir
Sugam SM
CA Final
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2
314
Intrinsic value
Accountancy
answered on 18-Jul-22 22:07
Please explain this term intrinsic value
latest answer
intrinsic value of a share means if the company is liquidated today then how much every shareholder would recieve. Intrinsic value = Total assets - Outside liabilities - Pref div (unpaid) - Preference share capital ÷ No of equity shares. It is an important measure which also helps people to determine whether the share is overpriced or not.
Balaji R
CA Final
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6
393
Redemption of preference shares
Accountancy
answered on 18-Jul-22 15:45
Premium on redemption of preference shares is provided out of p&l a/c So when we issue equity shares or use both distributed divisible profits and issue new equity shares to redeem preference shares, should we consider premium on redemption while calculating the amount to be raised by equity shares??
latest answer
Thank you sir. After watching the video twice I got my answer.
Dharshini Sankar
CA Inter
★ 7K+
3
414
Meaning of pro rata allotment in issue of shares and how it works
Accountancy
answered on 17-Jul-22 18:31
First time asking questions here, so please ignore any mistakes. Can someone please explain how pro rata allotment works for company and aslo the individual who has applied for excessive shares?
latest answer
Pro rata allotment is used when there is oversubscription of shares. Eg. If company issues 100,000 shares and 200,000 shares are subscribed by the public it is known as oversubscription. The company may apply pro rata allotment in the ratio of 2:1 ie. For every 2 shares, 1 share is issued to the person. So basically person who has applied for 10 shares, he will receive 5 shares. I hope this helps
Rajshree
CA Foundation
★ 0
1
627
AS - 18 Related party transactions
Accountancy
answered on 19-Jul-22 09:00
A Ltd and B Ltd have a joint venture named AB Ltd , A is related party to AB Ltd and B is related party to AB Ltd .... are A Ltd and B Ltd related parties ?
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Thank you all
krishnan venkatesan
CA Final
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5
382
AS-10
Accountancy
answered on 19-Jul-22 19:54
Why revaluation reserve is created?
latest answer
Yeah sir now I got to know regarding free reserves. They can't be declared as dividends...
Sugam SM
CA Final
★ 9K+
3
358
General Query
Accountancy
answered on 15-Jul-22 10:39
Is it possible to apply for CMA intermediate DIRECT ENTRY by completing "degree in correspondence"
latest answer
Yes. As long as you fulfill the required criteria of ICMAI Check link below for more details https://www.indigolearn.com/exam/CMA-Course-A-Complete-Guide
Ashfaq Ahmed
CA Final
★ 24K+
1
381
Purchase from uro
Accountancy
answered on 15-Jul-22 20:55
If we purchase from an urp inter-state then what is the procedure to submit the tax on behalf of urp from our side like from rcm or..
latest answer
Pls re explain your question. We are not able to understand... This is something related to foundation or any other?????
Sunil Agarwal
CA Foundation
★ 0
1
385