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Issue and redemption of debentures
Accountancy
answered on 05-May-22 19:55
Prudence concept says record only anticipated losses not profits. But in issue and redemption of debentures. Eg- issue 120, redeem 90 Bank 120 Debn application 120 Debn application 120 To % debn 100 To securities premium 20 Why is securities premium recorded since it is profit?
latest answer
You have already collected the amount
Chris Topher
CA Foundation
★ 5
1
267
Consignment
Accountancy
answered on 05-May-22 21:39
In consignment, during the calculation of closing stock, what should be deducted first, normal loss or abnormal loss?
latest answer
Solution
Pranaya Ramaprasad
CA Foundation
★ 0
8
406
Payment of liq exp in Amalgamation meger mtd
Accountancy
answered on 05-May-22 18:29
Do we use capital reserve to write off the liq exp in merger method , or is it just restricted to general rsv and p&l ac
latest answer
Thank you sir
S S
CA Final
★ 2K+
2
288
Company accounts
Accountancy
answered on 07-May-22 10:31
Calculation of capital reserve?
latest answer
Amount to be transferred to capital reserve = 500 x 70 = 35,000 In share forfeiture account - balance c/d 49,000 You can prepare in tabular format as well or on per share basis as well. This working will max carry 1 mark
Sugam SM
CA Final
★ 9K+
30
531
NPO
Accountancy
answered on 05-May-22 11:10
Please tell the treatment of land donated (Q 2) Also whether it's a specific donation or not?
latest answer
Okk thank you
Navjot Singh
CA Foundation
★ 5K+
4
357
PROFIT OR LOSS PRE POST
Accountancy
answered on 04-May-22 17:55
In this case study their mention the basis of allocations ratio wise for example total amount 5,40,000 basis of allocations 2:7 how the one lakh 20000 and 1040000 will came??? Plse explain me
latest answer
Sure friend ð???
MPR Sanjay Kumar
CA Inter
★ 530
12
369
Company accounts
Accountancy
answered on 04-May-22 19:56
Regarding Illustration 7 Sir had thought in such a way that he split down all the entries but in study mat they had combined. Can we split and write based on each scenario or should we need to combine compulsory?
latest answer
Combined entry is not mandatory
Sugam SM
CA Final
★ 9K+
3
353
Capital Adequacy Ratio
Accountancy
answered on 04-May-22 16:12
In capital funds Tire - ll They deducted 55 % why it is ?
latest answer
Ok thank you
Kumar G
CA Final
★ 12K+
2
328
NPO
Accountancy
answered on 04-May-22 20:15
What if amount of deficit is more than capital fund in npo? What would the treatment for the same?
latest answer
Capital fund
Navjot Singh
CA Foundation
★ 5K+
4
340
Consolidated Profit and Loss Account
Accountancy
answered on 04-May-22 12:28
Can you please explain the meaning and relevance of the sentence inside the bracket ,sir? No adjustments are there related to that in the solution.
latest answer
Holding company income - yes But not from expense of subsidiary. As dividend paid is not expense
Ali S
CA Final
★ 8K+
3
323