Forums
Authorised capital
Accountancy
answered on 29-Aug-21 14:30
(1)For example a company has authorised capital of rupees 50000 and its face value of each shares is 10 rs and has 5000 equity shares . now if a company wants to rise money from public ...including face value of rs 10 and premium rs 15 = 35â?¹ now can co. rise above 50000rs because 35Ã?5000=175000. (2) Is security premium included in authorised capital or excluded.
latest answer
It's ok
Shreesha .T.u
CA Foundation
★ 2K+
7
673
Books of accounts
Accountancy
answered on 29-Aug-21 12:56
If goods purchased for credit are recorded in purchase book, then Goods purchased for cash are recorded in which book. And explain with journal entries.
latest answer
It's ok. Pleasure is mine..!
Sai Dhanush Reddy
CA Inter
★ 160
19
872
Insurance claim for loss of profit
Accountancy
answered on 29-Aug-21 08:35
1. Sir what happens if idemnity period(5months) > total period of business disruption due to fire(6 months). Should we limit to calculate loss of profit for the period of indemnity(5months)? Even though the business disrupted(6months).
latest answer
Yes
Balaji R
CA Final
★ 20K+
1
501
Company accounts
Accountancy
answered on 28-Aug-21 21:16
Why have they given application money to be paid along with application money in the below attachment
latest answer
Ok sir
Soumya A
CA Inter
★ 20K+
2
560
Company accounts
Accountancy
answered on 30-Aug-21 08:20
What is the meaning of the 2nd point in the below attachment
latest answer
It is a concept of underwriting , basically when we have underwriters , any shortfall that if shares issued are undersubscribed underwriters will take it . For now understand this much for theory purposes, you will further understand this at Intermediate and Final level
Soumya A
CA Inter
★ 20K+
1
633
Realisation account
Accountancy
answered on 30-Aug-21 08:22
1.Can we directly put the realisable assets and liabilities value in this account ?
latest answer
First transfer all assets and outside liabilities to realization at book value and then it will get adjusted in business purchase account , if its partnership then as per details realize the assets and pay of liabilities direct entry is not allowed you have to show both transfer (at BV) and realizing
Prasanna Venkatesan
CA Final
★ 3K+
3
754
General reserve
Accountancy
answered on 19-Mar-22 10:57
Is general reserve percentage has not given at what percentage it has to be taken?
latest answer
Ok then i will share u a pic later
Rubika Sankar
CMA Inter
★ 370
4
658
General General
Accountancy
answered on 28-Aug-21 11:45
IFRS this one is included to As or not AnD also explain the What are the rules regarding IFRS
latest answer
Ok ð???
Balachandar S
CA Inter
★ 59K+
2
555
Eps
Accountancy
answered on 28-Aug-21 13:57
How to calculate diluted EPS IN THIS QUES
latest answer
The preference share are getting converted that's why if they gave 2 separate ones , convertible and normal then we will deduct dividend also
Aman Mahajan
CA Final
★ 19K+
5
619
Financial statement of a company
Accountancy
answered on 27-Aug-21 14:15
For calculating changes in inventories whether opening - closing (or) closing - opening
latest answer
Opening - closing Remaining goods sold
Rubika Sankar
CMA Inter
★ 370
1
576