Redemption of debenture

answered on 08-May-22 13:10

Is there any amendment for DRR(10%) AND DRR INVESTMENT (15%) PERCENTAGE

latest answer

Refer - https://youtu.be/lXhl2rhCjBU

Kiran Vijay

CA Final

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2

314

Cfs

answered on 09-May-22 17:22

Can any one explain this whole sum and answer for this sum I didn't understood ans given in icai I want clarification about whole sum plss

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Yes

Pandusml V

CA Final

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3

311

Redemption of debentures

answered on 07-May-22 17:52

Is illustration 11 RTP question, because it is not available in material (indigo mat and icai mat)

latest answer

Thanks for highlighting. We will move it to the correct chapter.

SUMANTH MANNAVA

CA Inter

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256

Average due date

answered on 07-May-22 14:41

In Illustration 11 while calculating interest by average due date system why we are taking the base date as 1st july we should take 28th feb only na?

latest answer

Ok Thank you so much

Lathika

CA Inter

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280

Average due date

answered on 08-May-22 06:34

In illustration 11 I have two doubts. First in calculating the interest by original system for A in the vedio sir have calculated the period by months but for B the period was calculated in days, Why? We can calculate in month itself na

latest answer

No mention :)

Lathika

CA Inter

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11

253

FS of Banking

answered on 07-May-22 16:37

If OD of 2500 is already included in current account 97000, then why current accounts are shown 99500 in deposits instead of 94500. Why they are adding again ?

latest answer

Rs. 9,70,000 is the net credit Balance which is payable by the bank to their customers. This 9,70,000 is calculated by including the debit balance of OD's which is Rs. 25,000/-. Hence, for the purpose of presentation the debit balance of OD's is shown in the assets side of FS and the contrary effect is given by increasing the OD to actual credit balance which would have been 9,95,000 ( 9,70,000 + 25,000). In simple terms, the assets are pulled over and the actual liability without netting off is shown in liabilities side.

Madhaan S

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282

Buy back of shares

answered on 07-May-22 17:05

I didn't understand why maximum number of shares that can be bought back is 32 crore shares instead of 320

latest answer

Thankyou ð??¯ i understood

MAYURI RATHOD

CA Inter

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9

316

Banking Companies Adv. acctng

answered on 07-May-22 12:34

In material page no 8.92 Illustration 2 .. I have a doubt regarding interest and discount value for the current year. I couldn't understand how they got the value of Re. 22,97,000 while question is mentioning the value of such variable as Rs. 20,45,000. Is there any adjustment regarding this or what?. Pls anyone explain this

latest answer

You need to add back, Provision for taxation PBD Loss on sale of investment

Manoj Raj

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237

Brs

answered on 07-May-22 09:28

Can someone tell me what a cancelled cheque means?

latest answer

A cancelled cheque refers to a cheque that contains two parallel lines drawn across the layout. It is also necessary to write the term â??cancelledâ?? between these lines. You need not make a signature on the cancelled cheque. The cancelled cheque will be used to gather details such as account number, account holderâ??s name, MICR code, name and branch name of the bank, and IFSC. In a different context, a cancelled cheque is a cheque for which payment has already been done. The moment cash is drawn with a cheque, the bank marks it as cancelled. Once it is cancelled, the cheque cannot be used as an authorization for the removal of additional funds from the payerâ??s account.

Pranaya Ramaprasad

CA Foundation

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Brs

answered on 07-May-22 10:31

One cheque of Rs 400 was cancelled. Favourable balance of cash book is given. How will this be treated in Brs?

latest answer

As the cheque stands cancelled, the amount wouldn't have been withdrawn from the bank. But we would have reduced the same from the bank book maintained with us. The passbook will have no effect, whereas we have to add back the amount of 4,000 in Bank Book(Cash Book) maintained with us as we would have reduced the amount while issuing the cheque.

Pranaya Ramaprasad

CA Foundation

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275