Redemption of debentures

answered on 22-Jun-21 17:25

If a company redeem it's debentures between 1st April and 30th April then when the DRR Investment is made

latest answer

It's like a procedural formality then, companies would have to invest before the date - they might do so in the first days of month.

Hai Iam Anas

CA Inter

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385

Exam

answered on 21-Jun-21 17:08

How to prepare for pratical papers in CA ...

latest answer

Okay sir. Thank you ð???

Aditya A.D

CA Foundation

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2

431

Redemption of preference shares

answered on 19-Jun-21 19:48

Sir, we are complying sec 133 by passing the entry .. Sometimes we can pay from the bank which was received from fresh issue security premium . Is it contravention know sir ?

latest answer

Payment will be through bank in all cases. Bank is an asset that is represented by some liabilities or equity. Either you use bank balance to the extent of free reserves or raise fresh capital.

M Naresh

CA Final

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381

Redemption of preference shares

answered on 19-Jun-21 18:06

Sir if we are redeeming preference shares through fresh proceeds . And such fresh issue having equity shares can we Use that security premium. ( Company not covered u/sec 133)

latest answer

That premium can only be used for providing for premium payable on redemption of preference shares. In no case securities premium can be used for redemotion of pref. shares. (whether company covered under S.133 or not),

M Naresh

CA Final

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511

Depreciation

answered on 19-Jun-21 20:48

Why depreciation is not charged for stocks.

latest answer

Okey Sir.

Aditya A.D

CA Foundation

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5

396

Final accounts

answered on 21-Jun-21 12:50

Explain point 6 adjustment in detail

latest answer

Bank overdraft =160000

Adarsh Gudivada

CMA Final

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7

1K+

NBFC Investments

answered on 22-Jun-21 06:03

What could be called as investments when its a co- operative bank or similar bank and how to classify assets and investments when it comes to banking companies?

latest answer

If they take loan from banks on security of their assets.

raju raju

CA Inter

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3

478

AS 10

answered on 20-Jun-21 02:24

In the attached page of text book, two techniques of revaluation are given..... May I know the video in which you taught about the attached page....? Please reply as soon as possible..... I am in terrible confused state

latest answer

Technique one Asset is stated a gross value and depreciation derived as an adjustment to revalued amount and carrying amount of asset Text book example Asset carrying amount -1000 Asset gross value 2500 Revalued amount =1500 Revised depreciation = 1000(2500-1500) Technique 2 Depreciation is eliminated and asset is shown at revalued amount Example Carrying amount -1000 Accumulated depreciation- 400 Revalued amount 1500 So first depreciation will be eliminated by deducting the value of asset Provision for depreciation a/c Dr 400 To asset a/c 400 Then the asset would carried at revalued amount by creding to revaluation surplus Asset a/c Dr 900 To revaluation surplus 900

ALDRIN G

CA Inter

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462

Pre and post incorporation profit or loss

answered on 19-Jun-21 11:14

In this can we apportion bad debts as follows Recovered 36000 for sale made in june year 1 so adding to baddebt as exclusively for pre incorporation and remaining 33000 allocating in the pre and post in sales ratio. CAN WE APPORTION LIKETHIS .In book they added 36000 with existing 33000 and entirely (69000)apportioned in sales ratio

latest answer

Ok sir.

S.P. RAYAN

CA Inter

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517

NBFC

answered on 21-Jun-21 08:49

Sir whether an asset overdue for 4months is a standard or sub standard?

latest answer

As per the direction given by RBI, if it is exactly 3 months also, it becomes NPA and slips to sub standard. You can quote the same in the exam and consider it as sub standard.

manideep martha

CA Final

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16

553