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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
550
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.
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Thanks
pradyumna hariramani
CA Inter
★ 290
6
528
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
559
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
468
Out of order
Accountancy
answered on 24-May-22 06:57
Can you please explain what does it mean? (a)
latest answer
You check it as on the balance sheet date.
Kumar G
CA Final
★ 12K+
7
528
AS 18
Accountancy
answered on 23-May-22 17:10
If A is KMP in XYZ lts And A has Significant infuance in PQR ltd. Than XYZ and PQR reated party or not?
latest answer
Yes
Jiya T
CA Inter
★ 10
5
573
SLR rate for May 2022 exams
Accountancy
answered on 23-May-22 13:26
Is SLR rate 18% or 23% for this attempt ??
latest answer
Thank you sir
Yamini Kamalakannan
CA Final
★ 24K+
7
526
Buy Back of shares
Accountancy
answered on 25-May-22 00:05
What amount to be transfered to CRR if buy back is held by selling the investments for the whole amount of buy back ?
latest answer
Amount equal to face value of buy back has to be transferred to CRR account. This is because there is an obligation to fill the "capital gap" be creation of CRR which will later be used to issue bonus shares. Here when investments are sold the entry is Bank dr To investment But when fresh issue of shares are done the entry would be Bank dr To Equity share capital And if any balance capital gap remains it has to billed by creating CRR for the balance amount
Sai Theja
CA Inter
★ 3K+
6
543
Doubt
Accountancy
answered on 23-May-22 11:40
For this question do we need to give definition of adjusting and non adjusting event befor we wrote answer..?
latest answer
Thank you Sir
Sri kanaga Varshini
CA Final
★ 3K+
3
536
Why do company issue fresh shares for buy back?
Accountancy
answered on 24-May-22 06:55
Doesn't it beat one of the main advantages of buy back, ie, boosting per share value?
latest answer
Fresh issue of equity may be done to buy back preference shares.
Kishore Anil
CFA L1
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12
697