dubt

answered on 04-Dec-21 10:25

will i get dividend on bonus shares and right shares when the company is giving interim dividend

latest answer

It is solved under an assumption that rights and bonus were not entitled as per the term of issue. However, in real life scenarios, all shares are entitled to dividends.

Chandramouli A

CA Inter

★ 720

5

313

Loss of profit

answered on 04-Dec-21 08:41

In this question they have taken un insured standing charges as 130000....and given in note that it was given in question. Could you please tell how did they found in insured standing charges

latest answer

Ok fine...thank you

Star Ca

CA Inter

★ 3K+

4

284

Bank Reconciliation Statement

answered on 08-Dec-21 22:48

Respected All , Kindly help me in this question ( PYP May 2018) I have prepared it with Adjusted Cash book but my answer is different from the answer given in ICAI. Please check my mistake ..

latest answer

Yes, thank you..! I will share my views of upcoming papers after the exams ,with you..

Mehak Kaur

CA Inter

★ 10K+

14

577

Investment account

answered on 06-Dec-21 11:30

What if the market price was 150/- instead of 180/- ? Should 5.59 be transfered to p&l from investment account?

latest answer

You will keep the difference in a separate account which will be considered in P&L at the end of year.

Rocky Girl .:.

CA Inter

★ 195

5

308

Company accounts

answered on 04-Dec-21 00:35

Reissue of forfeited shares is not an allotment of share but only sale..what is mean by this I didn't get it

latest answer

Forfeited shares are those shares which are ceased by the company for non payment of remaining called up shares...(that is allotment, first call .....) So this shares can't ask for allotment money because they are already called up Hence, this shares are only transfered through sale.. Hope you understand...

Dhakshana Dhakshana

CFA L2

★ 18K+

3

327

Investment

answered on 04-Dec-21 11:29

As per old practice manual there is method FIFO and lifo but in new book problem is not available can this is removed or not

latest answer

Investment or Inventory?

tushar kumar

CA Inter

★ 5K+

1

290

Non profit organization

answered on 06-Dec-21 11:37

Illustration 8; in balance sheet library books ,book added ,furniture addition to furniture how to calculate

latest answer

Assumed for half year since dates of addition not available

Raashi 14

CMA Inter

★ 330

3

325

AS11

answered on 03-Dec-21 16:47

Answer plz.

latest answer

Thank u sir

Sajeetha R

CA Final

★ 46K+

2

299

Investment accounts July 2021

answered on 04-Dec-21 20:12

Investment 1: 8% Corporate Bond It is purchased on 1.6.21 and paid INR.48000 ans cum interest. On 30 September 2020 got interest on the same 36000*8/100*6/12 comes to 144000. Can I use the amount of interest paid on acquisition and received afterwards for reducing my cost of acquisition. And the balance 96000 rupees to Profit and loss account. Sir please tell me the logic. Is this working is only for As.13 or can I use this on doing investment chapter problems also

latest answer

Yes

Gayathri K V

CA Inter

★ 13K+

4

312

Redemption of preference shares

answered on 06-Dec-21 11:33

Sir, Please explain the 2nd entry We are redeeming 18000 12% pref shares which are already fully paid up Then in second entry while paying 18000 pref shares why did they deduct 100 shares Which is related to 4000 10% pref shares which are partly paid Why did they mix both?? Should these partly paid shares be called now??

latest answer

100 shares - payee details not available. Even 12% is 10 each

Bliss Full

CA Inter

★ 580

1

486