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Statutory reserves
Accountancy
answered on 03-Apr-21 12:44
What is a statutory reserve and why cannot we create statutory reserves when two companies are amalgamated?
latest answer
Amalgamation adjustment reserve is debited to bring in the statutory reserves of the transferor company. There is no creation of statutory reserves, it is transferred as per the rule
Rithani R.C
CA Inter
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3
854
ACCOUNTING CONCEPTS
Accountancy
answered on 01-Apr-21 11:50
TYPE OF CONCEPTS
latest answer
1. Business Entity Concept 2. Money Measurement Concept 3. Dual Aspect Concept 4. Going Concern Concept 5. Accounting Period Concept 6. Cost Concept 7. The Matching Concept 8. Accrual Concept 9. Realization Concept
KARTHIKEYAN M
CA Inter
★ 12K+
1
479
Underwritting
Accountancy
answered on 01-Apr-21 14:19
Sir what is the meaning of this sentence given in the below attachment? Whether benefit of underwriting given or not? Whether firm underwriting includes in or not? Please explain it
latest answer
Yes, correct
Sajan Gangadharan
CA Final
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4
816
Accounting query
Accountancy
answered on 01-Apr-21 19:08
What entry should i made to increase sales by rs.4032 without increasing debtors and cash in hand should also be increased by that amount and closing stock should also decrease in tally??
latest answer
Assume that cost sales 4000 and profit is 42 - 1) 4000 increase in sales, 4000 reduced in closing stock and 32 will be shown in profit. 2) in balance sheet : Asset - closing stock (4000) and cash / debtors +4032. Liability- profit +32 The balance sheet talliedð???ð???
Aadip Mondal
CA Inter
★ 4K+
2
522
Redemption of debentures
Accountancy
answered on 31-Mar-21 15:55
In this interest on debentures is missing right??
latest answer
Yes you have to write assumption for that
GOKULA LAKSHMI
CA Final
★ 21K+
4
564
Redemption of preference shares
Accountancy
answered on 30-Mar-21 17:55
Nominal value is 37500 but they are reducing only 31250..y it is plz explain (refer bk pgno.7.13 illu -5)
latest answer
This is the original question as per earlier material.
GOKULA LAKSHMI
CA Final
★ 21K+
6
519
REDEMPTION OF PREFERENCE SHARES
Accountancy
answered on 31-Mar-21 13:06
Issue of equity shares at premium for redeeming preference shares, whether the premium amount will be used for repaying
latest answer
For CRR we take FV. For cash in hand we take full amount.
GOKULA LAKSHMI
CA Final
★ 21K+
10
663
Buyback
Accountancy
answered on 30-Mar-21 11:01
Why is Other Current Liabilities considered while calculation of debt? Please explain this part
latest answer
Debt for the purpose of Debt-equity ratio test, includes both long-term and short-term debt
Priyanka Udeshi
CFA L1
★ 14K+
1
591
ESOP
Accountancy
answered on 30-Mar-21 10:51
In this question why only entries for exercise period is passed Shouldn't we pass entry on 31.3.X1 as the year end is before the excercise period? Please explain this sum
latest answer
The question is only asking for journal entries for the year ended 31.3.20X2
Priyanka Udeshi
CFA L1
★ 14K+
1
905
cash flow
Accountancy
answered on 29-Mar-21 19:33
when to use direct and indirect method in cash flow ? how to differentiate
latest answer
thank you
Prasanna Venkatesan
CA Final
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3
541