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Redemption of preference shares
Accountancy
answered on 14-Oct-21 15:29
Sir, I did not understand the CRR entry 1) how 33750? 2) And when the redemption is financed from Sale of investments + Utlizing bank balance + Minimum fresh issue of equity shares We credit to CRR only the amount taken out of free reserves right !! But in this case we did not take any amount from free reserves for redemption, then why did we credit 33750 to CRR ? Please explain
latest answer
Thank you sir
Bliss Full
CA Inter
★ 580
5
437
Acc consignment chapter
Accountancy
answered on 15-Oct-21 11:31
Y are putting insurance co..admitted in cr side I did not understand bec....... As per I learned insurance company given money for goods lost means as pee consignment chapter we will post the entry by INSURANCE Company admitted. In congniee account only .... But here y are you putting on consignment ??????
latest answer
Ok sir got it
Balachandar S
CA Inter
★ 59K+
8
516
Doubt
Accountancy
answered on 12-Oct-21 20:30
Why in this sum in closing stock rs 22000 is added with 189000
latest answer
While valuing the stock ,some of the stock may written off , if it is done in any case the cost of the amount written off will added to closing stock to arrive at orginal cost of closing stock
Chandramouli A
CA Inter
★ 720
1
450
Balance sheet
Accountancy
answered on 12-Oct-21 19:15
Generally, assets are on the right side and the liabilities are on the left side for sole proprietorship concerns. And for companies, liabilties- top Assets- bottom But, in the image below, it's opposite. Pls clarify.
latest answer
Oh ok sir.
Sibi Srinivasan
CA Final
★ 22K+
2
383
Doubt
Accountancy
answered on 12-Oct-21 20:16
While preparing List H deficiency account in below attached ques we have to write as per book or as per indigo learn what sir has told
latest answer
OK sir thank you
Miradevi S
CA Final
★ 16K+
2
410
Partnership
Accountancy
answered on 12-Oct-21 14:56
Why Goodwill in balance sheet should be transferred to dr of old partner in O/R
latest answer
When a new partner is admitted, goodwill of the business is valued afresh. For this, the goodwill that already appears in the books of accounts is written off and is transferred to the old partner's capitals accounts in their old profit sharing ratio. The old partner's capital accounts are debited with their share of goodwill.
Dhakshana Dhakshana
CFA L2
★ 18K+
1
369
Doubt
Accountancy
answered on 12-Oct-21 11:46
Is Cashbook updated personally after seeing the pass book or it has automatic process now ?
latest answer
Thank you ! Now I got my answer !
Rugved Didolkar
CA Inter
★ 2K+
4
371
Doubt
Accountancy
answered on 12-Oct-21 11:38
Can someone please tell difference between cheque book & cashbook ? Im doing ca foundation.
latest answer
Anyways thanks for trying to explain....
Rugved Didolkar
CA Inter
★ 2K+
6
426
Not for profit organisation
Accountancy
answered on 12-Oct-21 07:03
In this question , y purchase of machinery is taken without depreciation . I ve written my solution at the end . Plss tell me y purchase amount is wrong ??
latest answer
The balance given in question at year end is without charging depreciation
Reetikaa R
CA Final
★ 7K+
1
360
Not for profit organisation
Accountancy
answered on 14-Oct-21 10:37
Is Face value of investment and cost price different?? Or same ?? Also , interest on investment is computed on fave value or cost price ??here, cost price, I mean to say book value .
latest answer
no. The price at which you purchase would be the cost.
Reetikaa R
CA Final
★ 7K+
5
419