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Redemption of preference shares
Accountancy
answered on 03-Apr-21 19:14
How they are calculated the amount to be transferred to CRR A/C?
latest answer
Thank you sir!
Kumar G
CA Final
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BRS
Accountancy
answered on 03-Apr-21 18:39
Illustration 5 ,in the video ,sir says the closing bal.is debit but in book it s credit .which is correct ?? Plss state with reason
latest answer
Credit Balance in pass book is a favourable balance. What is your query please elaborate
Reetikaa R
CA Final
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how to do this question , sir can u please explain the logic and i have seen the solution but not abled to understand it .
Accountancy
answered on 09-Apr-21 11:01
(a) Physical verification of stock in a business was done on 14th June, 2020. The value of the stock was `96,00,000. The following transactions took place between 14th June to 30th June, 2020: (i) Out of the goods sent on consignment, goods at cost worth ` 4,80,000 were unsold. (ii) Purchases of ` 8,00,000 were made out of which goods worth ` 3,20,000 were delivered on 5 th July, 2020. (iii) Sales were `27,20,000, which include goods worth ` 6,40,000 sent on approval. Half of these goods were returned before 30th June, 2020, but no information is available regarding the remaining goods. (iv) Goods are sold at cost plus 25%. However goods costing ` 4,80,000 had been sold for ` 2,40,000. You are required to determine the value of stock on 30th June, 2020.
latest answer
Please share you working in order to help
nisam M
CA Final
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Bonus shares
Accountancy
answered on 03-Apr-21 18:52
Sir exactly what should be used first, CRR or SP in case of issue of bonus shares?
latest answer
Practically, will depend on management's choice. In questions, you may use CRR first as SPR has got some other uses too.
Hrishikesh Ransing
CA Final
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Doubt
Accountancy
answered on 03-Apr-21 18:41
Can u pls explain the meaning of the para I marked below
latest answer
The parah simply gives us a hint that in Nov-Dec 20x1, there was some uptrend in business, and it was expected that it would help in 20X2, but the fire occurred. So, for calculating adjusted turnover, it gave us some hint, without giving any percentage. The table given below parah does work easy for us and gave us the adjusted turnover which we can directly pick for our purpose.
Sri kanaga Varshini
CA Final
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Financial statement
Accountancy
answered on 03-Apr-21 11:15
In topic managerial remuneration Why reserves are not deducted for the calculation of managerial remuneration
latest answer
Reserves are an appropriation of profit, that is once profit is made, certain sums are transferred to Reserves.
Kanaga Mani
CA Inter
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1
477
Investment accounting
Accountancy
answered on 03-Apr-21 11:23
Sir in the next year i.e for FY 2022-2023 lets say if company decides to declare dividend of 10000 then how it will shown in books of sundar because for first 6 months shares are hold by some other person n for remaining 6 months it is held by sundar
latest answer
It will be income of the recipient.
kunal mundada
CA Final
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577
Doubt
Accountancy
answered on 14-Apr-21 11:25
Why is it revenue transaction? Y can't it be capital transaction
latest answer
Yes. Revenue expenditure
Meda Jeevansai
CA Final
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Fainal account
Accountancy
answered on 02-Apr-21 08:27
In fainal account why we put adjustment profit and loss account as well as Balance sheet.
latest answer
Double entry impact
subham sahoo
CA Foundation
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1
506
Recertification entry
Accountancy
answered on 01-Apr-21 23:07
Won't this omission be shown in cash book after knowing ?? In book ,it s shown only in discount allowed account.
latest answer
Sorry wrongly posted, no answer required
Reetikaa R
CA Final
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475