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Liquidity crunch

Accountancy

answered on 07-Jan-22 16:02

Pls explain the above term with an example.

latest answer

understood sir. thank you

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

2

441

Redemption of debentures

Accountancy

answered on 06-Jan-22 11:31

Sir, I am getting 21000 equity shares after conversion....am I correct or wrong....

latest answer

Thank you

Star Ca

Star Ca

CA Inter

3K+

10

629

Capital receipt

Accountancy

answered on 04-Jan-22 16:00

What is the meaning of capital receipt & given an example

latest answer

non-recurring receipts, that which creates liability like a loan taken, shares capital received, grant for asset received or that which are against the sale of asset

Rakesh Shah

Rakesh Shah

CA Final

5K+

1

487

Partnership retirement illustration 11

Accountancy

answered on 05-Jan-22 14:03

In illustration 11 of unit3 retirement icai module i didn't understand the goodwill entry they did remaining total sum i am able to do goodwill first old 60000 i written off but again revalued 120000-60000=60000 i distributed through goodwill table in old psr and new psr but answer not coming .I didn't understand the goodwill entry given in textbook

latest answer

Ok

Harshitha Kalidindi

Harshitha Kalidindi

CA Final

51K+

2

1K+

Investment accounts

Accountancy

answered on 17-Jan-22 11:40

Problem no 2 pg-9.37 ,how are no of right shares 2000 when I calculated it I got it as 4000

latest answer

March purchase is ex-interest where as 1st Oct purchase is cum-interest. cum interest includes, in addition to the cost or price, the interest accrued up to the date of purchase.

MAYURI RATHOD

MAYURI RATHOD

CA Inter

70

9

525

Account current

Accountancy

answered on 03-Jan-22 11:15

Account current

latest answer

Please try out and share your solution. We can suggest if it requires any corrections

PRAJWAL K KALAL

PRAJWAL K KALAL

CA Foundation

4K+

1

565

Advanced accountancy

Accountancy

answered on 02-Jan-22 08:33

Is it sufficient if I practice only problems which are given in 1fin coaching videos?

latest answer

Practice past exam papers, MTP and RTP

Venkatesh .

Venkatesh .

CA Inter

4K+

1

436

Management account

Accountancy

answered on 01-Jan-22 21:26

Need solutions

latest answer

Please share your workings and doubts and we shall try to help.

Aishwarya Salunkhe

Aishwarya Salunkhe

CA Foundation

0

1

486

Debentures

Accountancy

answered on 01-Jan-22 20:57

Hello sir when we receive interest in debentures the entry will be bank a/c._____dr To interest on DRR Inv right ? And then when we transfer it to p and l it'll be interest on drr investment_____dr To p and l Correct ??

latest answer

Yes

Purvi Agarwal

Purvi Agarwal

CA Inter

5

1

429

Forefiture of shares

Accountancy

answered on 28-Dec-21 16:55

Sir for 6a question I passed entires like j.e for ram shares Equity share capital a/c Dr . 1000 To equity share allotment a/c 200 To equity share first call a/c 300 To equity Share first and final call a/c 400 To forefiture shares 100. Will they give marks for it . Same procedure I followed for others also.

latest answer

Okay sir.

Aditya  A.D

Aditya A.D

CA Foundation

10K+

12

585