Forums
Redemption of Debentures
Accountancy
answered on 14-Apr-22 17:14
In the question its said that the balance on 31/3/20X2 is Rs. 750000 Then why in the answer the balance on 31 -3 - X2 Taken as opening ? And why is the Debenture interest not recorded ?
latest answer
Opening balance means for that day before the transactions were carried out. You can make an assumption and record debenture interest paid as well. Other wise make an assumption (as ICAI has done) that debenture interest is already paid.
R M
ACCA Professional
★ 4K+
2
636
Company accounts
Accountancy
answered on 13-Apr-22 19:52
Sir while preparing p and l account is it compulsory to segregate expenses and post or we can post expenses as given in trial balance Eg like depriciation I mean should we provide classification in schedules or we can directly post to p and l
latest answer
Ok sir
Pandusml V
CA Final
★ 4K+
2
475
Redemption of debentures
Accountancy
answered on 15-Apr-22 17:38
Sir , How to know whether the question is asking about Cancellation of debentures by opening own debentures account or without opening own debentures account In question 1 they used the entries of opening own debentures account
latest answer
You can follow either method. Refer to the latest study material - https://resource.cdn.icai.org/66500bos53751-cp8.pdf
Subramanyam N
CA Inter
★ 6K+
2
682
Amalgamation of companies
Accountancy
answered on 14-Apr-22 17:20
Journal entry of debentures along with the amount in the books of purchasing company
latest answer
Please try on your own once. If any issue or specific doubt, we will help you out.
Vemula Mounika
CA Final
★ 2K+
1
445
Redemption of debentures
Accountancy
answered on 14-Apr-22 19:59
Why the half yearly interest payable on debentures entry : Debenture Interest A/c Dr. To Debenture holders Is the entry should be like : Debenture interest a/c Dr To Bank Is there any reason we using debenture holders account ?
latest answer
Thankyou sir
R M
ACCA Professional
★ 4K+
2
1K+
To find closing stock amount
Accountancy
answered on 13-Apr-22 17:46
Could you please tell me the closing stock amount came from where??
latest answer
Thank you so much my friend
MPR Sanjay Kumar
CA Inter
★ 525
2
520
Average due date
Accountancy
answered on 13-Apr-22 15:38
Hello, kindly explain how number days from Aug 10 to Dec 24 comes to 137 in this problem. I am getting everything including final answer correct but not this. I get 136 days. Thank you.
latest answer
Ok thank you sir.
Aswin Chandar
CA Final
★ 40K+
2
574
Internal reconstruction
Accountancy
answered on 13-Apr-22 17:10
Is this right ? Creditor ac dr 4.5L To share capital 45k To capital reduction (3.6L+45k) 405k
latest answer
Yes.
Mala Ca
CA Final
★ 23K+
4
475
Insurance claim for loss of stock and loss of profit
Accountancy
answered on 16-Apr-22 16:23
ð??? could you please anybody tell me,there are average class without average class and also in lots of formulas in insurance claim chapter could you please tell me which formula I should have to apply the appropriate question I need the formula , which formula I should have to use this Anybody plse mention the Loss of stock formulas here..
latest answer
Yes
MPR Sanjay Kumar
CA Inter
★ 525
10
1K+
Closing Inventory
Accountancy
answered on 13-Apr-22 22:29
how the closing inventory value is 25000?
latest answer
Thanks
Swathi Krishna
CA Final
★ 8K+
3
491