Forums
Hire purchase
Accountancy
answered on 22-May-22 23:45
In the books of Hire purchaser, What is the nature of interest suspense a/c?
latest answer
May be liability
Girinath A
CA Inter
★ 765
3
354
Hire purchase and installment sal transaction
Accountancy
answered on 12-May-22 16:18
Where this 1,50,000 came from and will the interest rate remain same if cash price is = rs.1,65,000
latest answer
Yes. This is the IRR formula. We have also taught the logical method without formula in AS 19.
Harsh Mittal
CA Final
★ 1K+
6
490
Investment account
Accountancy
answered on 12-May-22 16:21
If debentures are sold the profit or loss is calculated by FIFO method or Avg. Method
latest answer
If nothing is mentioned you should consider dividends on bonus and rights.
Harsh Mittal
CA Final
★ 1K+
4
301
Company accounts
Accountancy
answered on 12-May-22 09:26
At time of forfeiture share capital should be debited with called value or face value ? In case if the shares are issued at premium the shares are fully called up and forfeited for non payment ? Then which value should be debited in share capital ? Either called value with premium or face value ?
latest answer
At the time of forfeiture, share capital should be debited with called up value. the shares are fully called up and forfeited for non-payment then share capital should be debited with called up value excluding Premium.
Veera dinesh.B
CA Inter
★ 2K+
3
336
Internal Reconstruction
Accountancy
answered on 12-May-22 08:28
Can anyone explain this 5th point
latest answer
They told, after making all reconstruction entry and all adjustment whatever given in the question if any surplus funds remains in Capital Reduction A/c or Restructuring A/c then transferred to Capital Reserve A/c, or If any shortage of funds for meeting Dr bal of P&L a/c and towards writting off of assets then use other reserves to the extent needed...
Manoj Raj
CA Final
★ 12K+
3
360
AS 13 - ACCOUNTING FOR Investment
Accountancy
answered on 11-May-22 17:51
AS 13 - Not applicable to MITUAL FUNDS sir Why this answer given?
latest answer
Thank you
Subash Chandrabose
CA Final
★ 32K+
3
412
settlement of Liabilities
Accountancy
answered on 11-May-22 19:26
In partnership, if no adjustments regarding Settlement of Liabilities given should we consider it as settled fully and debit Realisation a/c and credit cash a/c??
latest answer
Yes it is assumption
madhu miraa
CA Final
★ 5K+
3
307
Buy Back - Advanced Accounting
Accountancy
answered on 13-May-22 11:25
In material Illustration 3, For transferring to CRR account we have to take the nominal. Value of the equity shares bought right? If so, in this illustration I don't know how they mentioned 3 lakhs as a nominal value for CRR account instead of 5 lakhs
latest answer
Yes
Manoj Raj
CA Final
★ 12K+
15
1K+
Banking company
Accountancy
answered on 11-May-22 17:05
Sir, Can i get applicable CRR and SLR rates for this May 22 exams
latest answer
Here is the screenshot attached from RBI Portal.
Mahantesh Biradar
CA Final
★ 92K+
2
326
Npo
Accountancy
answered on 12-May-22 16:29
Answer to the question attached..
latest answer
But that is not an appropriate assumption.
Sugam SM
CA Final
★ 9K+
7
333