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Preparation and presentation of Financial statements
Accountancy
answered on 04-Jul-21 21:51
Sir, In Balancesheet they have given 12% debentures and bank balance is given. 1)What we have to assume sir Whether interest paid and bank balance already adjusted or 2) Interest is payable 3) interest is to be paid and reduce from bank balance
latest answer
Because paid up share capital doesn't include that amount. Had it been added, we would deduct then
M Naresh
CA Final
★ 3K+
3
418
Amalgamation
Accountancy
answered on 04-Jul-21 22:10
Sir in amalgamation closing the books of selling company can we open investment in purchasing company and then transfer it to equity/preference share holders account?
latest answer
No
shankar narayanan
CA Inter
★ 360
1
382
Preparation and presentation of financial Statements.
Accountancy
answered on 04-Jul-21 12:12
For calculation of Effective capital for schedule V purpose. Does paid up share capital includes preference share capital ?
latest answer
Yes
M Naresh
CA Final
★ 3K+
1
433
Stock reserve
Accountancy
answered on 04-Jul-21 21:41
Can we adjust stock reserve in trading account itself if there is no indirect Expenses or Only in profit and loss A/c ?
latest answer
It's convention to adjust at the end in Profit & loss A/c
M Naresh
CA Final
★ 3K+
1
522
Intrest on debenture
Accountancy
answered on 04-Jul-21 06:49
In operating activities in few questions taken intrest on debenture in few questions not taken... - why, clear me please. Thank you in advance ð???
latest answer
Interest on debentures is removed from operating activities and shown in financing activities. It is clearly explained in the lectures.
Triveni Patil
CA Inter
★ 290
4
444
Tax paid
Accountancy
answered on 04-Jul-21 07:54
Show me calculations how come 195 and 195
latest answer
Yes got it sir thank you!
Triveni Patil
CA Inter
★ 290
2
441
Investments
Accountancy
answered on 03-Jul-21 21:36
Can any one explain treatment of 3400in below attachment
latest answer
Thanks bro I just read that in case of income from sale of rights to be transferred to p&l account But forgotten to read exceptions to this rule.
Sairam Reddy
CA Final
★ 10K+
5
574
Buy back of shares
Accountancy
answered on 04-Jul-21 19:18
While doing debt equity test do we need to consider Trade payables and provisions for tax and other liabilities as debt ?
latest answer
Thank you sir
Pavan Kanavihalli
CA Final
★ 200
4
453
AS 10
Accountancy
answered on 03-Jul-21 19:10
Sir in this sum what is revaluation concept?
latest answer
Ok sir thank you Thank you for providing platform like this. It is really useful. I am not wantedly done like this sir Only 2 days left for exam.For quick revision I asked her to send sir. I won't repeat it next time sir
Likhitha Sivani
CA Final
★ 14K+
16
518
Redemption of preference shares
Accountancy
answered on 03-Jul-21 15:58
If there are no free reserves sir and To create CRR how can we create .. Can we create CRR even though showing loss ?
latest answer
No. Then in that case redemption cannot be made out of profits. Company will do redempton after issue of new equity share capital
Naresh M
CA Final
★ 75
2
425