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Banking
Accountancy
answered on 26-Sep-21 05:39
What is the amount of statutory reserve? 20 or 25 percent
latest answer
At present it's 25%
Aman Mahajan
CA Final
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531
Profit prior to incorporation
Accountancy
answered on 25-Sep-21 18:36
Why interest on investment earned is allocated in pre incorporation period?
latest answer
Yeah.... I got....Thank you
Girinath A
CA Inter
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600
Subsidiary Books
Accountancy
answered on 25-Sep-21 17:45
ICAI module has 2 formats of Purchases book , which to be followed ??
latest answer
Thx bro
Varun Mulay
CA Final
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1K+
Bonus issue
Accountancy
answered on 25-Sep-21 16:44
A machine purchased in consideration of shares of company. Machinery a/c........DR. 1,50,000 TO share capital a/c. 1,00,000 TO securities premium. 50,000 Does these 50,000 in securities premium can be use for issue of bonus shares? As it is not realised in cash.
latest answer
The act does not prescribe such condition. SEBI has prescribed in its rules regarding security premium collected in cash. Now here, think of a situation where you would have issued shares to the person selliing machine and collected cash and again paid the same cash to buy the machine of 1,50,000 The idea behind restriction is that it should not be bookish or inflated.
Sairam Reddy
CA Final
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629
Profits prior to incorporation
Accountancy
answered on 25-Sep-21 16:15
In this illustration....... Why advertisement expense is apportioned on the basis time?
latest answer
Thank you sir
Girinath A
CA Inter
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4
636
Linkage between chapters
Accountancy
answered on 25-Sep-21 16:04
Guys as I have started with AS 3 cash flow statement . But as you all know there are many concept of redemption of preference share and debentures . So my question is should I start with redemption of preference share and debentures so that I can get better grip on the questions of cashflow statement OR I should finish all Accounting standard first and then go on towards above chapters?
latest answer
Pls finish all AS given in videos and move to Accounting (Without AS) module.
Kalash Ojha
CA Inter
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5
607
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
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695
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
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1
517
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
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603
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 Final
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