Banking companies

answered on 18-Mar-22 22:37

Logic behind this adjustment?? *Included in the current accounts ledger are accounts overdrawn to the extent of 25,00 Doubt: overdraft is a asset for the banking company,In question they said that it is included in the credit side of current account Which is a liability which means we have to deduct the overdraft from the current account but why they have added the overdraft in demand deposit????

latest answer

Increase

Shinisha Rose R

CA Final

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2

291

Investing cash flows

answered on 18-Mar-22 17:30

Pls explain the term marked in the image and provide an example for that

latest answer

Ok sir thank you

Sibi Srinivasan

CA Final

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3

261

buy back of securities

answered on 21-Mar-22 11:02

In this sum point 4. While Made up cancellation of equity shares from securities premium why market price 30 taken why not exercise price 20? And also how it can be adjusted from securities premium?

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Exercise price is 40 and FV of Option is 20 = Total is 60.

Venkatesh .

CA Inter

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256

Doubt

answered on 17-Mar-22 22:25

Tax audit fees to Chartered accountant what will be its treatment in statement of pre and post incorporation profit

latest answer

Sales ratio... Audit other than tax audit will be treated as post incorporation

Remya Raveendran

CA Inter

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5

413

Adjustment

answered on 18-Mar-22 15:15

Can you explain above image adjustment

latest answer

All exp. related current year are shown under P&L A/c For this: Add: Exp. paid in the previous year related to the current year Less: Exp. Paid in Advance in the Current year

Rishi jain

CA Inter

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7

318

Profit (Loss) Prior to incorporation

answered on 18-Mar-22 12:51

In Public Limited company, Pre & Post period apportionment based on date of incorporation or date of commencement...?

latest answer

Date of incorporation

Ravikumar Pandi

CA Inter

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349

Doubt

answered on 17-Mar-22 16:54

What is the meaning of â?¢replacement cost â?¢ retail price method

latest answer

Thank you ð???

Neha Baliga

CA Inter

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2

306

Adjustment

answered on 16-Mar-22 20:15

â??Loan given to employee but debit to salary account. what's the adjustment entry for this??

latest answer

Thanks for replyð???

Rishi jain

CA Inter

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4

301

Chapter 2: Framework for Preparation and Presentation of Financial Statements

answered on 17-Mar-22 16:03

Can someone explain the difference between Financial Capital Maintenance at current purchasing power and Physical Capital Maintenance ? And Rs.14400 was arrived in Illu:5

latest answer

You need to consider inflation to arrive at financial capital maintenance Illustration 5 is a continuation of Illustration 4 The average price indices (inflation) given are 100 and 120 i.e. 20% increase So 12000*120%=14400 Physical capital maintenance considers the current market costs

Prethivi Rajan

CA Final

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250

Drawings

answered on 16-Mar-22 20:48

Is interest on drawing only calculate for personal use?? Or else if drawing is done for non-personal use then interest will calculate or not?

latest answer

Very true

Rishi jain

CA Inter

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4

291