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S/P a/c to be used for premium on red of P.sh or not??
Accountancy
answered on 17-Feb-21 11:02
Can Security Premium A/c be used for writing off premium on redemption of Preference Shares? CA inter Grp-1 ICAI Study Mat. says they'll not use Security Premium a/c instead they have used P/L a/c.
latest answer
It wont be used.
Ishika Goel 282
CA Final
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CHANGES AND AMENDMENTS IN ICAI STUDY MODULES
Accountancy
answered on 17-Feb-21 14:23
how can we completely know the changes in new edition of study material from that of old? what are the amendments relevant for may 2021 exams?
latest answer
In free resources
Ali S
CA Final
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661
Single entry system
Accountancy
answered on 17-Feb-21 12:44
Debtors a/c dr. To freight a/c What is this entry for
latest answer
If you charge freight to customer.
Reetikaa R
CA Final
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650
Capital reserves
Accountancy
answered on 17-Feb-21 09:09
What are the uses of capital reserves,to what it be used?
latest answer
Capital Reserve is the reserve which is created out of the profits of the Company generated from its non-operating activities during a period of time and is retained for the purpose of financing the long term project of the Company or write off its capital expense in future or mitigating capital losses, or any other long-term contingencies. Capital reserve has nowhere been specifically defined in the Companies Act, 2013 or anywhere in Accounting Standards. It is not a free reserve. So it cannot be used by the company to declare dividends, to issue bonus shares, to write off accumulated losses and to write off share issue expenses.
Paidala Harish
CA Final
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572
For AS-4
Accountancy
answered on 16-Feb-21 11:30
Can we draw a timeline for date of events on the exam paper?
latest answer
Yes
Kishore Anil
CFA L1
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Redemption of preference shares and buyback of equity shares
Accountancy
answered on 16-Feb-21 11:31
Instead of the redemption and buyback of preference and equity shares,like in the case of redemption of debentures,can the company buy those shares in the market ?
latest answer
Even if they buy from market, it would be treated as buyback.
Paidala Harish
CA Final
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542
How are the operating and non oprating expenses are decided
Accountancy
answered on 17-Feb-21 10:59
How are the operating and non oprating expenses are decided for preparation of profit and loss account What is the of segregatting
latest answer
No
nisam M
CA Final
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Differemce between direct and indirect expenses
Accountancy
answered on 17-Feb-21 08:31
For the prepration of trading and profit loss account how we decide an expense is direct or indirect expenses , like transporation expenses
latest answer
Profit and loss account are indirect expenses
nisam M
CA Final
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1K+
On Page 10.33, Insurance Claim for Loss of Profit
Accountancy
answered on 18-Feb-21 10:42
Illustration 8, why is gross profit divided by adjusted annual turnover and not previous financial year's turnover like we do in most cases?
latest answer
The total of adjusted standard turnover (given in the question)
Kishore Anil
CFA L1
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578
Bank balnce
Accountancy
answered on 15-Feb-21 21:25
What does this mean ,bank balance ( cr) ?? Is it overdraft or balance?? State with reason
latest answer
No mention.
Reetikaa R
CA Final
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