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Doubt
Accountancy
answered on 05-Aug-21 11:47
Sir why security premium and CRR cant be applied for payment of unpaid amount on any shares held by existing shareholders ..? As it is also like bonus issues right?
latest answer
Issuing bonus shares are not same as making unpaid into fully paid up shares..... Technically the no. of shares doesnt increase for making unpaid to fully paid but for issuing bonus shares, no. of shares will increase SR & CRR are to be used across for all shareholders in case of bonus shares to transfer the benefit in place of dividend.... Unpaid amount is the liabiltiy due from shareholder
Sri kanaga Varshini
CA Final
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2
786
Partnership
Accountancy
answered on 05-Aug-21 10:04
If we try to make Bank A/c for this question how would it be please give solution
latest answer
Please write the description of entries in the account. Please ensure even for practice you present the answer properly, that will help you
Priyanka Udeshi
CFA L1
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557
Debit and credit
Accountancy
answered on 05-Aug-21 10:27
Sir, What is meant by debit and credit?
latest answer
Tnx
Varshini Kasi reddy
CA Inter
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5
728
Insurance claims for loss of stock
Accountancy
answered on 03-Aug-21 20:28
Sir , If insured amt is less than insurable amt which means it is under insured and hence we have to apply average clause. but in this they r considering insurable amt as insurance claim even though it is under insured
latest answer
For calculating under insurance, we compare insured amount with insurable amount (not with actual loss). Here, insurable amount is missing, we are not given its details. So can't say whether average clause will be applicable or not. But yes, since loss amount is more than insurance cover, we can say claim shall be maximum upto 4.8L
anusha athikamsetty
CA Inter
★ 65
1
719
Consignment
Accountancy
answered on 04-Aug-21 07:10
Illustration - 1) Goods sent on consignment = 50,000 Packing charge (by consignor) = 1,000 Freight (by consignee) = 2,000 Rent (by consignee) = 500 Insurance (by consignee) = 300 Goods sold = 4/5th of 50,000 Sale amount = 55,000 The expense of rent and insurance of consignment is for full goods . But in the consignment to wye ledger account, the total expense for rent and insurance are deducted for the 4/5th sale of goods. Isn't it that we have to divide the expense of insurance and rent has to be divided equally with goods? Explain pls
latest answer
Fine
Vijay K
CA Inter
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4
810
Account Current
Accountancy
answered on 05-Aug-21 18:01
W.r.t. product of balances method, will the day on which the bank statement is prepared be included for interest computation for the latest transaction? In IL modules, sir said that the logic was last day minus date of latest transaction plus 1. But in icai study material, it is different. Pls refer the image
latest answer
Ok mam. Thank you
Sibi Srinivasan
CA Final
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2
620
Insurance claim for loss of profit
Accountancy
answered on 02-Aug-21 15:18
For calculating insured amt or policy amt ,why should we consider additional standing chargers ???
latest answer
K sir
anusha athikamsetty
CA Inter
★ 65
2
756
Insurance claims for loss of profit
Accountancy
answered on 02-Aug-21 12:30
While calculating gp% I am getting 16.66% but in the question it is given 20% ???? Gp =np+ insured standing charges /previous year turn over Ã?100 2,00,000/12,00,000Ã?100 = 16.66%
latest answer
K tnq u sir
anusha athikamsetty
CA Inter
★ 65
2
689
redemption of debentures
Accountancy
answered on 02-Aug-21 10:36
Can a company issue debentures which are redeemed at discount ?
latest answer
Rare, but possible - there isn't specifc 'No' per law. However, it may so happen company purchases own debentures from market when they are trading at lower price and cancel it
Hai Iam Anas
CA Inter
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1
579
Consignment
Accountancy
answered on 02-Aug-21 07:17
6th mcq explain.
latest answer
ok
Sibi Srinivasan
CA Final
★ 22K+
2
653