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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
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587
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
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536
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
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703
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
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607
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
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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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551
BRS
Accountancy
answered on 29-Mar-21 19:41
Can anyone explain the 1th ,4th and 8th adjustment?
latest answer
Thank you sir:)
Meda Jeevansai
CA Final
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Mcq
Accountancy
answered on 28-Mar-21 22:37
I think it s journal proper.but in given as cash book.QUESTION 6
latest answer
The journal entries are wrong. It is : Cash a/c dr. Discount allowed a/c dr. To debtor a/c You will allow cash discount only when debtor is making you the payment.
Reetikaa R
CA Final
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738
Freight charged
Accountancy
answered on 28-Mar-21 14:25
Freight charged by creditor is payable immediately right .then how come it s shown in creditor account
latest answer
When frieght charges paid immediately then, Frieght charges A/C Dr **** To Cash **** Here we don't write creditor A/C
Reetikaa R
CA Final
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590
Buyback
Accountancy
answered on 28-Mar-21 08:06
In buyback why do we credit Equity shares buy back a/c? Can we not credit Equity share holders a/c similar to what was done in case of redemption of pref shares?
latest answer
yeah you can , but for the understand you done a buy back , you better credit buy back a/c in second entry you can credit equity SH a/c i.e equity buy back a/c dr to equity sh a/c and in next entry you can credit bank a/c
Priyanka Udeshi
CFA L1
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