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Buy back
Accountancy
answered on 24-May-22 09:54
In question 1.1 ,shouldn't the amount transferred to Crr be 500k because that's the nominal value of share.
latest answer
You have paid back shareholders. So an amount of distributable profit is blocked to protect interest of creditors.
pradyumna hariramani
CA Inter
★ 290
14
494
Banking companies
Accountancy
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
★ 3K+
5
460
Amalgamation of Companies
Accountancy
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
★ 12K+
3
485
Banking company
Accountancy
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
★ 12K+
2
482
As 4
Accountancy
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
467
As 29
Accountancy
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
586
As 29
Accountancy
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
528
As 5
Accountancy
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
518
SLR and CRR
Accountancy
answered on 23-May-22 18:53
What are the current rates
latest answer
CRR: 4.00% SLR : 18.00%
Kedhar Nath
CA Final
★ 24K+
5
549
Liquidation of companies
Accountancy
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
458