Forums
Buy back share
Accountancy
answered on 07-Apr-22 15:11
Buyback Doubt . if anyone know please help me . For calculating maximum number of shares that can be bought back in buy back chapter test 1. shares outstanding test= no.of shares outstanding*25% doubt (here no.of shares means total no of equity shares outstanding or total no.of shares outstanding) test 2 . Resource test : maximum fund available for buyback = 25%( paid up capital+ free reserve+ securities premium ) doubt( here paid up capital means total paid up capital or only equity paid up capital) Test 3:- while calculating equity to be maintained ( paid up capital+ free reserves + securities premium) When calculating paid up capital Should we consider preference share capital
latest answer
Test 3 - Here it is total paid up capital and not just equity paid up capital. the ratio of the aggregate of secured and unsecured debts owed by the company after buy-back is not more than twice the paid-up capital and its free reserves:
Aakash Raavi
CMA Inter
★ 320
2
540
Q8, page 10.23
Accountancy
answered on 07-Apr-22 15:04
In the given question if they have mentioned about down trend then why they didn't apply 10% of down trend anywhere ....like in adjusted annual turnover
latest answer
When you have already computed the sales for the 12 months up to the date of fire, there is no need to apply trend again
Gauri Shete
CA Final
★ 5K+
1
373
As 2 valuation of R/M
Accountancy
answered on 06-Apr-22 17:45
If there is a decline in r/m prices and finished goods are expected to be sold below cost ,then r/m are valued at => lower of NRV or REPLACEMENT COST , or REPLACEMENT COST. Which one is correct please clarify me sir
latest answer
Its not an error
SUMANTH MANNAVA
CA Inter
★ 5K+
5
435
HP or Installment sale
Accountancy
answered on 06-Apr-22 13:13
EMI is installment sale or hire purchase?
latest answer
Ok thank you sir
Nikhil Vasanth
CA Final
★ 4K+
2
491
Newly added questions
Accountancy
answered on 06-Apr-22 10:50
Sir please if you have any pdf which have only newly added questions and illustration from 2020 to 2022 may , if you have please suggest me anyone. For CA FOUNDATION ACCOUNTS ONLY. If anyone have this please suggest me . Because last year I was infected by some deases so I was unable to attend exams. And the institute send me 2020 edition. So I wants to solve them.
latest answer
Illustration 8, 9 and Practical problem 6 is new in Depreciation in this edition relevant for May 22 vs old edition relevant for May 21
Virendra
CA Inter
★ 0
1
478
Value of right
Accountancy
answered on 06-Apr-22 14:18
Pls check whether Ex rights value of certain number of shares given in the question is correct. I got it as Rs 36000. But in the image, it is Rs 40000.
latest answer
Ok sir thank you
Sibi Srinivasan
CA Final
★ 22K+
2
502
Doubt
Accountancy
answered on 06-Apr-22 11:40
In this question they haven't mentioned clearly about the source of redemption So I solved the as such redemption is fully by issue of equity shares but in answer they have also utilized the p&l account balance Where iam making mistake...?
latest answer
Ok sir thank you
Sri kanaga Varshini
CA Final
★ 3K+
4
615
Long term investments reversal of permanent decline
Accountancy
answered on 06-Apr-22 14:17
When initially there is a fall in the fair value of current investments and subsequently a rise, the rise in the fair value upto the cost of investment is credited to P/L, excess portion, if any, is ignored. Similar logic applies even to Long term investment right except for the nature of decline?
latest answer
Ok mam
Sibi Srinivasan
CA Final
★ 22K+
3
525
SEGMEMT REPORTING
Accountancy
answered on 07-Apr-22 11:32
Pls explain this point ,what does it mean revising segment report for last year,does it mean to include the segment which became reportable this year
latest answer
Ok thanks
pradyumna hariramani
CA Inter
★ 290
4
597
Consolidated financial statement
Accountancy
answered on 07-Apr-22 17:12
Sir or mam what is treatment of bonus shares mam
latest answer
Ok sir
Pandusml V
CA Final
★ 4K+
5
827