Doubt in BRS

answered on 13-Feb-22 19:08

Cheques issued but not presented to bank Overdraft As per Cash book - Favourable As per pass book - Overdraft As per Cash book + Favourable As per pass book + My question When we add amount to overdraft Can overdraft amount can reduce ? I am right or wrong

latest answer

It's like favorable cash book and unfavorable pass book have same treatment and vice versa

Rishi Kumar

CMA Inter

★ 6K+

4

327

Redemption of Preference share

answered on 12-Feb-22 21:56

3 image .. circle portion .... How this number came ....

latest answer

Tw

Kruthika Ramesh

CA Inter

★ 650

2

258

Sale or return basis

answered on 12-Feb-22 11:54

What is the ans for 4 th Q in below image...... And what is the logic pls tell me anyone ......... Tq... ..

latest answer

Ok sir..

Balachandar S

CA Inter

★ 59K+

8

272

Account current

answered on 10-Feb-22 18:59

What is red ink interest ? If question doesn't provide when our books of account close then what we should in case of account current?

latest answer

Pls share full question.

Jaswant Vyas

CA Foundation

★ 325

3

297

Liquidation of companies

answered on 10-Feb-22 10:54

Can anyone clarify is preferential creditors is a secured or unsecured creditors

latest answer

Thanks for the clarification mam

Harsha vardhan S

CA Final

★ 470

3

315

Interest on Partner's Loan - Partnership accounts

answered on 09-Feb-22 13:46

sir , interest on partners loan would be credited to partners loan a/c , why to capital a/c ???? It has been taught to us . Is it correct ?

latest answer

Interest on partners loan would be credited to partner's capital account. Butin case of seprate partners loan A/c. you should credited to that A/c.

Varun Mulay

CA Final

★ 38K+

1

294

Consignment account

answered on 09-Feb-22 11:14

Agar question me consignor goods ko invoice par show karta he to closing stock ki calculation ke time konsi cost per show karega iv par ya cost par

latest answer

On credit side show at invoice value, on debit side show Inventory Reserve. In Balance sheet, we will show Inventory on Consignment Less: Inventory Reserve

Marwadi Bhai

CA Foundation

★ 830

1

250

Company Accounts

answered on 09-Feb-22 13:37

Every listed company is a public company but every public company is not a listed company. Explain with example.

latest answer

Thank you sir!

Jitendra Kumar

CA Final

★ 41K+

2

260

Current cost

answered on 06-Feb-22 12:43

What is mean by undiscounted amount in simple words??

latest answer

Which is not discounted

Vanathi V

CA Inter

★ 345

1

303

Consolidated financial statements in Advanced Accounting

answered on 05-Feb-22 11:06

Hello I have a small doubt in the concept of consolidated financial statement, The one if the topic in the CFS is profit or loss of subsidiary company. The company made a investment (60%of stake) in " b" limited then" b" Limited could be a subsidiary company. That subsidiary company earned the profit and already they have reserves in the company before the acquisition , Ordinarily before acquisition period profit and reserve are shown in the subsidiary company books account but in the book theory they are adjusted against cost of control to find out the goodwill and Capital Reserve on consolidation why? How?

latest answer

Before acquisition period profit and reserves continue to be shown in subsidiary books. It's just that at time of consolidation, we need to find out whether holding company paid extra or less. If it paid more than it's share in capital and reserves, we call it goodwill, otherwise capital reserve. Check example 1 for reference

venkatesh sundharamoorthy

CA Final

★ 34K+

1

244