GENERAL

answered on 10-Dec-21 13:49

what is reserve capital and capital reserve.................... and what is the difference between both of them in Layman's language can any one pls

latest answer

capital reserve is the reserve which is kept by the firm for future uncertenties wheras reseve capital is subscribed uncalled sheres.it not seperatly kept by firms it is not mandatory .

Bala Chandar

CA Inter

★ 5K+

2

303

AS11 Effect of changes in foreign exchange rates

answered on 13-Dec-21 16:37

What is the reason for change in the method of applying the rates for Integral and Non integral Eg in the case of Integral operation; Monetary item(MI) - closing rate, Non monetary item(NMI) transaction rate(cost) in the case of Non-integral operation: MI and NMI- both are at closing rate

latest answer

It is because of the nature of operations. Integral operations are considered as part of the reporting enterprise itself, so asset etc. are taken at rates at which which they were purchased as if the had been purchased by reporting enterprise itself. Non-integral operations represent investment in an enterprise which is reflected at closing rate to indicate reporting enterpriseâ??s net investment in that operation.

Life Easy

CA Inter

★ 8K+

1

240

Partnership

answered on 13-Dec-21 14:47

Can anyone explain me the below point?

latest answer

Yes as per Indian Partnership Act

Soumya A

CA Inter

★ 20K+

2

310

MTP

answered on 09-Dec-21 23:51

Can anyone explain me these?

latest answer

thank you and same to you

Soumya A

CA Inter

★ 20K+

7

337

Non profit organization

answered on 09-Dec-21 22:27

How to calculate cash in hand

latest answer

No worries.all the best!!

Raashi 14

CMA Inter

★ 330

3

285

Liquidation of companies

answered on 10-Dec-21 09:44

Please explain how the ratio 2:7:10 is taken in the answer on 15-3-2019 and 2:10 on 5-4-2019

latest answer

Kk

Sri Ram T

CA Final

★ 13K+

3

304

Cash flow statements

answered on 11-Dec-21 14:01

Hai ! While preparing cash flow statements .. how do we treat provision for doubtful debts written off ?

latest answer

Provisions are added back as they are non cash items

Varshini Rao

CA Final

★ 35

3

295

Not for profit organization

answered on 09-Dec-21 14:15

Question 14 answer fast

latest answer

Use it arrive at bank balance through BRS to prepare Balance Sheet

Kashish Khandelwal

CA Foundation

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3

256

Company account

answered on 09-Dec-21 13:55

Re valuation and capital reserve amount ?

latest answer

Please post your solution

Virendra Gohil

CA Foundation

★ 1K+

1

280

Reply anyone

answered on 09-Dec-21 09:38

What is Associate company in simple..and if a company hold more then 20% stake like 30% can it be called as Associate company

latest answer

Thank you

Dhakshana Dhakshana

CFA L2

★ 18K+

5

372