Forums
Sharing ratio
Accountancy
answered on 25-Sep-21 22:08
If we multiply with 5/5 we get 1/25 I am getting the ratio as 7:5:3 1/5 Ã?3/3 = 3/15
latest answer
Thank you sir!
Doonika Chunduri
CA Inter
★ 5K+
3
533
Departmental accounts
Accountancy
answered on 24-Sep-21 22:22
How to know per unit cost of opening stock and closing stock (board book illustration 2)
latest answer
We can find purchase price per unit as we are given Total purchase value and number of units + fact profit ratio is same. Check working note 1
OMKAR REDDY
CA Inter
★ 6K+
1
391
As 21
Accountancy
answered on 24-Sep-21 21:23
As 21 requires uniform accounting POLICIES, but 3rd point relate to accounting ESTIMATE. Why is it adjusted? Provision is an estimate
latest answer
You have a valid point here. However, An entity may have a specific policy to measure the estimate.
Aman Mahajan
CA Final
★ 19K+
1
440
AS 5
Accountancy
answered on 25-Sep-21 11:01
Extraordinary items What is the meaning of ' attachment of property of the enterprise' ? It is given in the examples
latest answer
When some government agency (Eg: CBI) raids a person or entity or if a bank files a case against a person for nonpayment of dues - if they have to recover money from that person or entity - they get a court order and attach properties - the properties so attached cannot be used by the said person or entity or disposed of or sold off till the dues of the government or bank are paid off
kowselyaa G
CA Inter
★ 2K+
1
477
how to solve this problem
Accountancy
answered on 24-Sep-21 15:32
sir what is the solutions this problem , i think this type of problem is not covered in the module sir will there be video solutions in the forum because during the periode of purchasing the course , i contacted sales team i was promised that there will be video solutions in the forum
latest answer
This is from Framework for the preparation and presentation of financial statements. We will resolve your queries at the forum appropriately. Video solutions would be recorded only if there is an absolute necessity.
nisam M
CA Final
★ 23K+
3
451
Buy back of shares
Accountancy
answered on 24-Sep-21 09:54
Video no 5 in lectures Sir said for source of buy back shares One of the option is using existing free resource. While using existing free resources creditors get upset because of equity shareholders capital (wall behind creditors )gets reduce. So sir said we make sure to SH gets upset and creditors gets happy by way of creating CRR which can only be used for the purpose of bonus issues and it prevent the free resources to pay in the form of dividend Now my questions is,by making CRR how the creditors gets back his support back (happiness) again which is only used for bonus issue. In short how making free resouces as capital redemption reserve gives support to creditors? Pls explain this iam geting confused about CRR
latest answer
A buy-back is a scheme by which a company repurchases a certain number of its outstanding shares usually at a price higher than the prevailing market price/ fair value of the shares. There are two sources for buy back - (1) fresh issue of shares or (ii) from existing resources (proceeds other than fresh issue) i.e free reserves The company, under section 69 of the Companies Act, is also obligated to create CRR to the extent of face value of shares bought back by utilising existing reserves (free reserves like Gen Reserve, P&L balance and securities premium) When you create CRR out of the free reserves, so much of the money will not be available for shareholders for declaration of dividend or further buy back, so by creating CRR company is restricted by utilising the existing resources from further depletion, so they will be available for company in case of any requirements of outsiders during insolvency or winding up
Balaji R
CA Final
★ 20K+
1
389
ESOP
Accountancy
answered on 24-Sep-21 17:09
Sir in question no 3 As per the concept Why they didnt give entry for ESOS outstanding a/c on 31st march 20X1. Just They simply entry jounal as like single accounting year in the question.
latest answer
Yes. There is a printing mistake in the question.
Balaji R
CA Final
★ 20K+
4
431
Doubt
Accountancy
answered on 24-Sep-21 06:43
Under indirect method of cash flow statement . When there is proceeds from calls in arrears . Do we have to deduct from operating activity because it's income of other head and also show in financing activity as inflow??
latest answer
Yes calls in arrears inflow is financing activity. But no adjustments will be required in operating activity because such inflows are not part of p and l in the first place
Kalash Ojha
CA Inter
★ 465
4
399
Capital and Revenue Expenditure please help me
Accountancy
answered on 23-Sep-21 22:26
Why Repairs to Bike is Revenue exp?? So example if I change the Engine then in such case of major repairs I can expect the engine to work or give economic benefits more then 1yrs then y cap exp
latest answer
Yes, it is a capital expenditure.
Dhakshana Dhakshana
CFA L2
★ 18K+
4
441
About notes
Accountancy
asked on 23-Sep-21 16:29
Any one preparing notes of doing class with chart and everything as Class in all the subjects of ca inter
latest answer
No answers yet!!
Pragathi Sagar
CA Inter
★ 790
0
433