Redemption of preference shares

answered on 20-Sep-21 10:19

Please explain CRR entry [Illustration 5 pg No 7.13 Module 2] Why they transfer â?¹ 33750 to CRR

latest answer

Yep, it's wrong. Should be passed with 27,500 (65,000 - 37,500)

Naveen Kumar S

CA Inter

★ 1K+

2

364

Cash flow statement

answered on 20-Sep-21 10:53

Why they have not included the premium on redemption of preference share in operating activity (to eliminate). They have only shown the premium on redemption of preference share in finance activity.

latest answer

Reason is here they have given the list of items which were adjusted in net profit. So, there are specific points mentioned and premium on redemption is not mentioned which means it was not adjusted. We should put it in Notes below that we did not add back assuming it was not adjusted.

vs navin

CA Final

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3

341

AS-5 disclosure

answered on 22-Sep-21 10:59

All the disclosure required under AS-5 should be disclosed in notes to account or on the face of p&l statement?

latest answer

P&L

Vivek shukla

CA Inter

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1

422

AS-4

answered on 19-Sep-21 11:21

Subsequent non-adjusting event but which have a material importance should be disclosed in notes to account of financial statements or in the report of approving authority??

latest answer

Approving authority. There is no restriction to disclose in notes as well.

Vivek shukla

CA Inter

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3

325

Not for profit organisation

answered on 12-Oct-21 07:05

In this question, donations of 2lakhs has been utilised for library books so I shd show only 175000 in balance sheet right . But in solutions , it s 2lakhs .plss explain. How ?

latest answer

Yes

Reetikaa R

CA Final

★ 7K+

10

278

Accounting standards

answered on 19-Sep-21 12:58

Does every questions which is solved in video lectures is available in notes

latest answer

Yes is there

Kalash Ojha

CA Inter

★ 465

2

382

Redemption of debentures

answered on 18-Sep-21 18:08

As on which date we have to create DRR and DRI?

latest answer

DRI is created on or before 30th april of the FY in which the debentures are due for redemption and... DRR is created any time before the redemption

vijay anvesh

CA Final

★ 85

1

326

NPO

answered on 20-Sep-21 10:54

What is accumulated funds? Example please? Thank you for the kind help.ð???ð???ð???

latest answer

An accumulated fund holds excess money received by a non-profit organization (NPO). Similar to the retained earnings of a for-profit firm, the accumulated fund grows when revenues are greater than expenses and there is a budgetary surplus.

Vijay K

CA Inter

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1

321

Doubt in Calucations

answered on 17-Sep-21 17:50

Please check Attachment Final answer how 14,167 Superprofit/NRR= 17,000/12% = 14,167 how???

latest answer

I get the answer sorry for asking doubt

Rishi Kumar

CMA Inter

★ 6K+

1

418

Annuity table

answered on 18-Sep-21 13:03

Calucation of goodwill under annuity method How Discount factor value can choose If we don't have annuity table in exam then how can I write annuity value??

latest answer

You can compute it using a calculator - you would have learnt the Time value of money concept in maths

Rishi Kumar

CMA Inter

★ 6K+

1

503