Internal reconstruction

answered on 07-Dec-21 16:50

Sir this is illustration 3 of internal reconstruction. Bal. In capital reduction account is to be transferred to capital reserve right! But why is it transferred here to p/l alc and why isn't the new balance sheet not showing reserves and surplus

latest answer

Oh okay sir.. I got it ... Thank you very much!

krishna prasanthi

CA Final

★ 13K+

2

464

Final accounts

answered on 07-Dec-21 09:26

We are required to prepare from manufacturing accounts, trading&p/l and balance sheet My doubt is where will wages go trading or manufacturing ac in answer they put wages in manufacturing account...why can't trading account?? Please explain

latest answer

For manufacturing entities it would go to manufacturing. As it is for production of goods

Dhakshana Dhakshana

CFA L2

★ 18K+

1

256

Final accounts please reply

answered on 06-Dec-21 22:10

In adjustment Rent paid 4k What is the treatment in Final account...I know to dr rent in p&L...should I reduce bank or cash balance

latest answer

If paid reduce cash or bank. Else show as payables

Dhakshana Dhakshana

CFA L2

★ 18K+

1

294

Amalgamation

answered on 06-Dec-21 21:11

Is this amalgamation is in the nature of merger or nature of purchase?

latest answer

:)

Sai Geethika

CA Inter

★ 2K+

15

315

Ca inter accounting

answered on 07-Dec-21 21:02

Can someone help me to slove this by giving working

latest answer

Ans

Reddy S

CA Inter

★ 1K+

5

345

Cfs

answered on 06-Dec-21 19:58

In below attached ques div is paid for 3000 lakh instead of 4800 lakh because div is declared as on 1st april so we are considering for 3000 lakh right?

latest answer

Yes

Miradevi S

CA Final

★ 14K+

6

314

Cash flow

answered on 06-Dec-21 10:13

MTP 2 and study material shows different ways on premium amount paid on redemption of preference share capital.why sir. Premium on redemption debited to p&l as expense. So it should be added back to get netprofit right????! MTP 2 didn't considered such premium ie, it didn't added back premium on redemption to net profit

latest answer

it is financing activity and should be treated as such

Gayathri K V

CA Inter

★ 13K+

1

231

Doubt

answered on 06-Dec-21 19:59

Do we need to write 'Dr. and Cr.' , 'Particulars', 'Amt (â?¹)' in each and every ledger accounts....?? Do they reduce marks if we don't write?

latest answer

Our paper must contain. No risk should be taken. Best luck for your exam ;)

ALDRIN G

CA Inter

★ 12K+

9

323

Bank accounts unit 6

answered on 06-Dec-21 11:41

Illustration 4 Schedule 10 How it is calculated?

latest answer

yeah i got it..thank you mam

Ashwathi selvanathan

CA Inter

★ 2K+

6

298

undistributed profit Redemption of preference share

answered on 06-Dec-21 10:18

What You meant by undistributed profit Is securities premium and other reserves included?. What are the elements in undistributed profit?

latest answer

Security Premium is not undistributed profit or general reserve. It is a part of Other reserves .

Nirmmala Pauly

CA Inter

★ 9K+

3

364