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Redemption of Debentures
Accountancy
answered on 19-Aug-22 08:13
While calculating premium on redemption, equity shares which were converted ie. 15000 shares are also included? Why?
latest answer
Okay! Thanks bro...
Bumble Bee
CA Final
★ 3K+
6
565
Journal Entry
Accountancy
answered on 18-Aug-22 22:53
1.Are bad debts personal a/c or nominal account?? 2.what is the journal Entry for Bad Debts??
latest answer
***Bad debts account are nominal accounts used to minimize the amount of accounts receivable on the income statement ***Record the journal entry by debiting bad debt expense and crediting allowance for doubtful accounts. When you decide to write off an account, debit allowance for doubtful accounts and credit the corresponding receivables account. I hope it helps you
Prathmesh kharul
CA Foundation
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4
642
Investment accounting
Accountancy
answered on 19-Aug-22 08:58
Can anyone explain, how the dividend of 7500 pertains to pre acquisition period...
latest answer
Tq sir,
Sajeetha R
CA Final
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7
521
BuyBack of Equity
Accountancy
answered on 18-Aug-22 20:10
Can anyone explain me this Note. Thanks in advance
latest answer
Thanks a lot for your help :)
theee k
CA Final
★ 435
2
452
Internal transaction
Accountancy
answered on 18-Aug-22 19:45
What is internal transaction?? How we can entry in dissolution of partner
latest answer
Meaning An internal transaction is any financial activity that occurs within an organization rather than with a third party
Yuvraj Patel
CA Foundation
★ 240
1
362
Good will
Accountancy
answered on 18-Aug-22 19:13
Explain about AS-26??
latest answer
Intangible asset is an non-physical non-monetary asset which is held for use in the production or supply of goods and services, or for rentals to others, etc. AS 26 should be applied by all enterprises in accounting of intangible assets, except: 1. Intangible assets that are within the scope of another standard financial assets 2. Rights and expenditure on the exploration for or development of minerals, oil, natural gas and similar non-regenerative resources 3. Intangible assets arising in insurance enterprise from contracts with policyholders, 4. Expenditure in respect of termination benefits.
Yuvraj Patel
CA Foundation
★ 240
1
665
AS 22
Accountancy
answered on 18-Aug-22 14:00
For yr 20x3 why deferred tax liability is nil.?..it would've been 70k right?..why is it so?
latest answer
Because the differences have been reversed.
Sri Yoga Vishwa. P
CA Final
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1
462
Cash flow statements
Accountancy
answered on 19-Aug-22 23:39
Why should we deduct decrease in inventory from operating profit ?
latest answer
Do seperate forum post for quick response
Jitendra Kumar
CA Final
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11
539
Amalgamation
Accountancy
answered on 18-Aug-22 08:40
Why the non trading income was deducted from total assets while computing capital employed?
latest answer
Tq
Sajeetha R
CA Final
★ 46K+
2
500
Capital and revenue
Accountancy
answered on 19-Aug-22 23:04
Sir in one of the examples you said that friend took our bike and damaged and some expenses incurred and it is revenue expenditure .. not capital expenditure. But I am thinking it is capital expenditure bcoz new parts we are adding repairing to it so benefit comes over the period of time so it is capital expenditure right? Plz clear this point..
latest answer
Capital expenditure is the money spent by a firm to acquire assets or to improve the quality of existing ones. Revenue expenditure is the money spent by business entities to maintain their everyday operations. Capital expenses are incurred for the long-term.
Anil Raj
CA Foundation
★ 580
5
482