Investment accounts

answered on 28-Sep-21 20:49

Can any one explain what is mean by investment acquired on cum right basis

latest answer

We know right offer is a right granted to a shareholder to subsribe to shares of the company at a price which is lower than the market price. Since, it represents benefit, it generates demand for shares and as a result, price of share increases. So, if someone acquires shares during such period, we say investment was acquired on cum-right basis, that is this new shareholder will now have a right to subscribe to shares.

Sairam Reddy

CA Final

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299

NPO

answered on 28-Sep-21 10:10

How to calculate this In Receipt and payment account By telephone charges 1500

latest answer

Thank you so much ma'am

Sejal Shivani

CA Foundation

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4

354

RIGHTS ISSUE

answered on 28-Sep-21 12:19

Chapter 5 ,Lecture 6, Value of Rights of subscription= benefit of shareholder and Value of right = In each share the value of right. I got confused with both of the terms, value of right of subscription and value of right Sir. can you please explain Sir?

latest answer

Thank you Ma'am.

Dhivyaa Latha

CA Inter

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As 3

answered on 28-Sep-21 06:16

How should I know which method to use to solve problem direct or indirect if not specified

latest answer

If nothing is mentioned and you have the information for indirect method i.e. profit and loss account and balance sheet use indirect methof

Kalash Ojha

CA Inter

★ 465

3

348

As 3

answered on 28-Sep-21 10:45

Why in reserve and surplus 16000 amount is cr. To reserve and srplus why not 23000. And also why dividend paid is shown on Dr side of reserve and suplus it can also be show to financing activity

latest answer

Profit for the year is 16,000. 23,000 is profit before taxes.

Kalash Ojha

CA Inter

★ 465

3

352

Insurance claims

answered on 28-Sep-21 20:17

Why did ICAI not apply downward trend in sales to standard turnover and annual turnover?????

latest answer

Because here it can't be caluclated directly. That quarterly sales figure is approximation only, thus there is no direct trend that is visible. Also, the question is silent, so we shall ignore it.

B. S. V Subramanyam

CA Inter

★ 50

2

296

General ledger

answered on 27-Sep-21 22:40

What is the difference between sales ledger and general ledger?

latest answer

Sales ledger contains all sales regarding both credit and cash sales. All the sales will be shown in general ledger. General ledger contains all types of accounts from journals and sub-ledgers. General ledger is also known as nominal ledger.

Rakesh Shah

CA Final

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1

329

Fs of companies

answered on 27-Sep-21 21:15

Y provision for taxation is not considered for cal of np ?? Wt's the reason behind this ?

latest answer

Yeah done

anusha athikamsetty

CA Inter

★ 65

2

353

Liquidation of companies

answered on 27-Sep-21 21:54

In question they 70 being called and paid up Then why in answer they take 30 as called up value

latest answer

The liability of a B list contributory is restricted to the amount not called up when the shares were transferred For example,. If face value of a share is 100 Paid up -75 Maximum amount to be called - 25 They don't need to pay more than the face value of a share

Balaji R

CA Final

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1

363

Employee stock option plan

answered on 28-Sep-21 11:43

In illustration 5 in ICAI book.... 1,20,000 is taken to General reserve at the end of 3rd year. Can we do as mentioned below? Instead of taking 1,20,000 to general reserve....and without accounting expense in 3rd year and..... accounting expense of 40,000 in the 4the year.... and accounting 80,000 expense in the 5th year.... Can we do like this? (Computation pic is attached below)

latest answer

Thank you so much.... Mam

Girinath A

CA Inter

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2

406