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Shares
Accountancy
answered on 30-Sep-21 10:44
What is share warrant can you explain with your layman's language.
latest answer
A Share Warrant is a document issued by the company under its common seal, stating that its bearer is entitled to the shares or stock specified therein. The person holding the warrant gets the benefits of shareholder. Section 114 in The Companies Act, 1956 had provided that Only a public company can issue share warrants. It must be authorized by the Articles of Association. The shares must be fully paid-up. The approval of the Central Government is necessary. It is a negotiable instrument and mere delivery transfers the ownership of the shares. Coupons are attached to each warrant, bearing the dates on which the dividend will be paid by the company as it cannot know who the shareholder or who is entitled to the dividends. The person who produces the appropriate coupon can receive payment of the dividend. In the balance sheet (c) Money received against share warrants is shown under Shareholder Funds
Bala Chandar
CA Final
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1
517
Explain me the difference between Bankrupt and Insolvency
Accountancy
answered on 30-Sep-21 11:29
Is both mean the same I'm little confused help me frnds
latest answer
Thank mam, now understood clearly.
Dhakshana Dhakshana
CFA L2
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6
855
Preparation of final accounts of sole proprietors
Accountancy
answered on 30-Sep-21 11:17
Please explain this adjustment
latest answer
Depreciation for 2 years 1/1/97 (date of purchase) to 31/12/98 is 7000 (3500 *2) So net asset value on 1/1/99 is Rs.28,000 (35000-7000) which has to be taken into books. Account fixed asset in 1999-2000 Trial balance @ Rs.28000
Sejal Shivani
CA Foundation
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4
659
Preparation of final accounts of sole proprietors
Accountancy
answered on 30-Sep-21 13:56
Please explain this What is the effect of this particular
latest answer
Right
Sejal Shivani
CA Foundation
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13
2K+
CRR
Accountancy
answered on 30-Sep-21 17:13
What can be used to create CRR in case of Redemption of 1) Preference Shares 2) BuyBack of Equity Shares
latest answer
1. Free Reserves + Surplus in Profit and loss 2. Free reserves (For buyack free reserves include Securities Premium) + Surplus in Profit and loss
Lalit Sanpal
CA Final
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1
557
Investment accounts
Accountancy
answered on 29-Sep-21 15:39
If nothing is mentioned in the quz sd we provide dividend for bonus shares and right shares?
latest answer
yes
Shru Kanda
CA Inter
★ 610
1
518
AMALGAMATION OF PARTNERSHIP Q NO 04
Accountancy
answered on 14-Oct-21 19:43
why we are taking deena bank ac in realisation ac 25000 and again bringing it in PC computation
latest answer
Closed = not paid
JAYANAND PALLIKKAD
CA Inter
★ 0
6
482
Presentation doubt
Accountancy
answered on 29-Sep-21 11:12
Should i need to follow order for financial statement, consolidation 1 BALANCE SHEET 2 PROFIT AND LOSS 3 WORKING NOTES Or may i do reverse as above order ?
latest answer
Thank you sir
Balaji R
CA Final
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2
561
partnership dissolution
Accountancy
answered on 02-Oct-21 09:32
there is no 9 th question in the material where i will get it
latest answer
Are you talking about IL material ?It was an addition to the videos. We will update the notes this week. For mean while look at illustration 5 in https://resource.cdn.icai.org/66639bos53803-cp2u1.pdf
JAYANAND PALLIKKAD
CA Inter
★ 0
1
731
AS 16
Accountancy
answered on 29-Sep-21 11:02
Solution of below attached AS 16 question ?
latest answer
You need to apply average rate since the total amount of borrowing is different from the amount spent.
Chandan Subudhi
CA Final
★ 12K+
7
558