Forums
Consolidation
Accountancy
answered on 29-Dec-24 13:09
Sir in consolidation of financial statements in case of treatment of unrealized profit the share of H LTD will be reduced from the consolidated profit and loss and the share of minority interest will be reduced from minority interest or else the whole unrealized profit should be reduced from consolidated profit and loss?
latest answer
If sold by Holding 100% from holding. If sold by Sub - remove from post acquisition profits. So both Holding and Minority gets adjusted.
VENKATA SAI KRISHNAKANTH
CMA Final
★ 410
1
794
Buy back
Accountancy
answered on 28-Dec-24 22:06
Study material question no 3 Company passed a resultion to buy back 20% of its equity capital @50 per share 250000 equity share @10 each fully paid up 2500000 How much transfer to CRR
latest answer
I assume you're talking about illustration 3? See the preference share capital. Its been issue for the purpose of buyback CRR is not required for that part of the buyback financed by issue of preference shares Thus, crr required here is (50,000 × 10) - (2,000×100) = 3,00,000
sudharshan babi
CA Inter
★ 1K+
1
691
doubt in ledger statement in cashflow
Accountancy
answered on 26-Dec-24 09:49
Timeline- 1.02. Sir can we also do simple addition and subtraction method instead of preparing ledger statements? like you have mentioned in Illustration 11 @1.02 time.
latest answer
Yes. Whichever you are comfortable with
Vijay V
CA Inter
★ 0
1
467
Fastrack class
Accountancy
answered on 25-Dec-24 13:59
When will will get fastrack class for AS 17, AS 24 and AS 18
latest answer
Balance topics will be taught beginning 26th Dec and syllabus will be fully done in 2024 😀
Uma D
CA Inter
★ 590
1
176
Fastrack
Accountancy
answered on 24-Dec-24 16:23
I am very happy to see this initiative Thank you
latest answer
Welcome! Hope you make the most use of it.
K I Hussainar
CA Inter
★ 4K+
1
171
AS 29
Accountancy
answered on 28-Dec-24 11:04
The answer given to the question is option c but how is it, Please clarify me
latest answer
Thank you Sir
NANDHINI U S
CA Inter
★ 37K+
4
821
Balance sheet
Accountancy
answered on 24-Dec-24 13:37
Current maturity of long term borings are disclose separately under the head other current liabilities or short term borrowings in the balance sheet of the company. ,??
latest answer
Okiee thanku
Naina 74
CA Inter
★ 0
2
546
As 19 leases
Accountancy
answered on 23-Dec-24 08:48
I have a doubt on ur example sum ...on calculation of irr 2 ND year pvf how it comes please do the calculation in detail
latest answer
pvf for year 2 is 0.783146 (Formula 1/(1+r)^n) and by multiplying with 1,00,000 it will become 78,314.6 and will be round off to 78,315
dhivya annam
CA Inter
★ 1K+
1
217
Amalgamation
Accountancy
answered on 20-Dec-24 08:49
The debentures to be reflected is 60 & 30 right? Why under Net Assets Taken Over it is shown as 40 & 20?
latest answer
60,30 was 10% Debentures. We issue 15% debentures to discharge the 10% debentures for such an amount that total interest remains same. So 90×10% ÷ 15% is 60. Thus, 60 of 15% Debentures are issued in total
Soon to be CA
CA Inter
★ 4K+
1
617
AS-5 profit or loss for the period
Accountancy
answered on 19-Dec-24 19:00
Normally, we prepare profit and loss account in the financial statement then why should we go to ordinary items and extraordinary items separate it. Why should make disclosure for it?
latest answer
ok sir
bharathipriya
CA Inter
★ 3K+
2
197