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Consignment
Accountancy
answered on 25-Mar-21 17:32
Can you explain how to compute unsold stock here?
latest answer
Understood sir
siva chaitanya
CA Final
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662
Buy back of securities
Accountancy
answered on 24-Mar-21 10:10
Sir in illustration 1, we haven't created CRR because we have bought back shares with the proceeds of fresh issue of shares But in ICAI material they have created CRR to the extent of shares bought back i.e, Rs.600000. which one to follow?
latest answer
Which video are you referring to?
Rithani R.C
CA Inter
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2
566
Insurance claims loss of profit polici
Accountancy
answered on 24-Mar-21 18:04
In illustration 10 of insurance claim chapter i didnt understood how did we arrive at uninsured standing charges is =130000
latest answer
I was referring to illustration disscussed in 1fin classes that i have purchased
R Yashwanth Kumar
CA Final
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608
Bonus shares
Accountancy
answered on 23-Mar-21 17:38
1. Whether Capital reserve can be utilized for issuing bonus shares? 2. If a company has convertible debentures then whether authorized capital to be increased to the extent of equity and bonus shares for debentures holders also?
latest answer
Thank you sir
Nivedha Balaji
CA Final
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604
Rectification of errors
Accountancy
answered on 23-Mar-21 18:13
In this illustration how difference in trial balance in suspense account came??
latest answer
Because it is the opening balance in suspense account.. And also the difference amount of trail balance is itself called as opening balance of suspense account .
siva chaitanya
CA Final
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4
748
True or false with reason
Accountancy
answered on 22-Mar-21 17:08
Can you explain 6th question with reason
latest answer
Answer is false the credit balance of profit and loss statement is called profit If credit side is more than debit side it is called as surplus in income and expenditure statement. If debit side is more than credit side it is called as deficit in income and expenditure statement l
siva chaitanya
CA Final
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1
696
AS 5
Accountancy
answered on 23-Mar-21 17:51
In first imge they treated it as a prior period In second image they treated it as exceptional item The question is some what same way in both cases there is uncertainty in collection at the time Why ??? Please reply ...
latest answer
Ok sir
Enuguru Sai Nithin
CA Final
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655
AS 5
Accountancy
answered on 22-Mar-21 11:03
Embezzlement of cash is exceptional item or extraordinary item ??
latest answer
It is an ordinary item. If material and significant, can be treated exceptional.
Enuguru Sai Nithin
CA Final
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2
683
Issue of debuntures
Accountancy
answered on 23-Mar-21 10:40
Please explain below para
latest answer
The document created by the company, whereby trustees are appointed to protect the interest of debenture holders before they are offered for public subscription is known as Debenture Trust Deed.
siva chaitanya
CA Final
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4
727
Substance over form
Accountancy
answered on 23-Mar-21 18:13
Please explain the concept of substance over form with an example
latest answer
don't know if this is correct , In an installment purchase we depreciate our asset even before we own the asset legally
Sri Janani
CA Inter
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584