Amalgamation

answered on 08-Mar-22 12:31

Tratment of RDD provided on debtors of Selling company in case of amalgamation nature of purchase

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Can you please share the problem for more context? Thanks

Hrishikesh Ransing

CA Final

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309

Financial statements of companies

answered on 04-Mar-22 10:47

How dividend amount is calculated ? General reserve is Rs 40 Lakhs

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Could you give the full questoin

divya prasath

CA Inter

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270

loss of stock

answered on 21-Mar-22 11:27

dec 2021 question loss of stock please verify if this correct or not

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Short sales

Elavarasi B

CA Inter

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4

362

Buy back shares

answered on 02-Mar-22 20:13

Why revaluation reserve are not called free reserve?

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Because of the origin of revaluation reserve. It comes into existence when say management decides its land is actually valued at Rs.20 lakh instead of Rs. 15 lakh, it will increase the asset value by Rs. 5 lakh and create a reserve of Rs. 5 lakh. In relaity this profit has not been realised. It is just a book entry. So, law says don't take it as Free Reserve i.e. it is not available for distribution as dividend to shareholders.

Sumita Shah

CA Inter

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251

Credit balance

answered on 03-Mar-22 21:41

Why anything having Cr. Bal. Is debited and having Dr. Bal. Is credited?

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Yes sir

Ved Bishnoi

CA Foundation

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3

374

Accomodation bills sum doubt

answered on 03-Mar-22 08:08

Nov 20 paper question Here in 5 th entry only 2825 is received instead )13125-300) because he had to pay 10000 so that one anup took and sent him remaining balance.... But again in last entry why is it showing still 10000 should be given already anup took it and sent remaining balance na Basically i didn't understand properly last three entries

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Suresh had to pay a bills payable. When he did not pay, that liability of Rs.10,000 willl become active as we are cancelling the bills payable entry. Create Anup's Account, you will understad better.

Harshitha Kalidindi

CA Final

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320

Written off goodwill

answered on 02-Mar-22 09:13

What is meaning of goodwill written off?

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Written off means to reduce the balance by charging to P&L. If the value of the asset is impaired i.e. permanently reduced as of that day, then it is written off

Ved Bishnoi

CA Foundation

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4

347

Consolidation Accounts

answered on 05-Mar-22 11:50

In this question the final dividend paid on March 31,1980, is pre-acq dividend isn't it? If it is pre-acq and this dividend recieved by holding from subsidiary co. was correctly recorded in their accounts then why reduce it from cost of investment when actually there is no rectification required.The dividends recieved are properly recorded then why there is need for this rectification.Why reduce from Cost of investment

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The question says that the company paid 1,10,000. So this is the total amount paid. From this we need to reduce pre acquisition dividends.

pradyumna hariramani

CA Inter

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20

330

Rectification

answered on 25-Feb-22 19:19

Why suspense account is credited or having credit balance? Is it based on assumption?

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After putting all entry in the suspense account except opening balance then the suspense account has a debit balance which is equal to the opening balance and that's why opening balance of suspense account putting in the credit side.

Sugam SM

CA Foundation

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282

Acc

answered on 25-Feb-22 15:17

can anyone simply explain the meaning of floating charge and Obsolescence whixch was given in below image ....pls tq....

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Thankyou

Balachandar S

CA Inter

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346