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Banking companies
Accountancy
answered on 21-Oct-21 14:39
Are preference shares compulsorily convertible into equity shares included in tier 1 capital in banking companies? Are non cumulative preference shares included in owned funds of NBFC?
latest answer
Thank you so much:-)
Christeena Ambel
CA Inter
★ 5K+
5
538
Partnership
Accountancy
answered on 14-Oct-21 10:09
What is the difference between conversion and sale of firm to company. The entries are same in all sums
latest answer
conversion - existing partnership converted sale - the firm is sold to an existing company There would not be much of a difference from accounting perspective.
venkatesh sundharamoorthy
CA Final
★ 34K+
1
538
Nbfc & banking companies
Accountancy
answered on 14-Oct-21 15:25
If i have taken loan of â?¹ 10 lakh.. And the interest on this amount â?¹1 lakh is due since last 3 years.. Then what amount is considered as NPA? Is it 1 lakh only or the entire 11 lakh
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Thank you so muchð???
Christeena Ambel
CA Inter
★ 5K+
2
542
GRP- 2 liquidation
Accountancy
answered on 15-Oct-21 11:48
3rd provisiom in statement of affairs vs sol. In problem
latest answer
Ok sir,thanks
Logesh Warran
CA Final
★ 4K+
4
554
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
596
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
729
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
591
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
605
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
536
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
490