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Consolidation of financial statements
Accountancy
answered on 25-Mar-21 12:22
In practice problem 4 . In video for dividend of 20000 is added to post acquisition of 52000 then 72000 came . And then sir deducted 20000 from pre aquisition profit after time adjustment and the value came to 146000 .. instead of that can we deduct 20000 from pre acquisition ie 30000 -20000 =10000 before time adjustment then post acquisition column would be 72000 (10000-82000) .. Can we do like this . Please reply I am fully confused ..
latest answer
Thank u mam now cleared my doubt
Enuguru Sai Nithin
CA Final
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750
Redemption of debentures
Accountancy
answered on 25-Mar-21 10:58
Whether % of DRR and DRR investment to be calculated on FV of debentures or amt to be paid to debenture holders?
latest answer
Face value of debentures !
Nivedha Balaji
CA Final
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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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9
685
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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581
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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623
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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622
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
766
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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726
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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4
670
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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695