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Liquidation of companies..

Accountancy

answered on 10-Oct-20 12:34

While preparing statements of affairs or liquidators statements how do we know we should give preference dividends or not.. And even in case for interest on debenture

latest answer

Arrears would be paid.

Shruthi V

Shruthi V

CA Inter

0

3

501

Liquidation

Accountancy

answered on 09-Oct-20 17:47

Interest on debentures sd b paid until date of payment if solvent.. So how to find its solvent sir..

latest answer

If assets realised > liabilities payable.

Shruthi V

Shruthi V

CA Inter

0

1

483

Inventories

Accountancy

answered on 13-Oct-20 09:27

Can anyone send answer for inventory lesson PG.4.22 practical question 2 using trading account??

latest answer

I didn't get answer

Pooja .

Pooja .

CA Final

210

9

577

Advanced ACCOUNTING - illustration 6

Accountancy

answered on 09-Oct-20 10:29

Hi, Advanced ACCOUNTING - illustration 6 Page no.6.31 in study material, capital reserve amount Rs 10000, am not understanding how it comes. Please let me know

latest answer

ð???ð???

Rachith Bhat

Rachith Bhat

CA Inter

10K+

3

671

AS -20 EPS

Accountancy

answered on 08-Oct-20 17:16

Sir how to calculate diluted EPS I am confused

latest answer

Tq sir

Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

6

569

Share allotment entry

Accountancy

answered on 08-Oct-20 16:10

Do I need to write the entry which I have directed by showing a red line because it is already written afterwards at last entry in combined way .

latest answer

Ok

Parikshit Rathod

Parikshit Rathod

CA Foundation

710

2

543

Rectification of errors

Accountancy

answered on 08-Oct-20 20:37

Question no.6 Trade payables a/c Dr To suspense account ( Above journal is Book answer) Why can't we credit Mr.Q instead of crediting suspense account??

latest answer

Thank you

Pooja .

Pooja .

CA Final

210

3

473

Branch Accounts

Accountancy

answered on 07-Oct-20 12:11

Sir , In case of Inland , Dependent Branch whenever the head office Sents the goods at Invoice price and such goods are in transit the Unrealised profit should be shown as which entry sir 1) Branch Adjustment A/ C. Dr. To stock reserve Or 2 ) Branch Adjustment A/C. Dr To goods in transit A/C. Which Entry is Correct ? Reason sir .

latest answer

Stock reserve.

M Naresh

M Naresh

CA Final

3K+

1

585

Capitalisation of Expenses when recording Asset (AS 10)

Accountancy

answered on 07-Oct-20 12:11

Expense incurred to fix damages to plant when shipped- Can this be capitalised in the books?

latest answer

If it does not add value, no.

Suraj Narayanan

Suraj Narayanan

Qualified CA

7K+

1

485

AS answer presentation query

Accountancy

answered on 07-Oct-20 12:13

When the question says, discuss the accounting treatment without specifically asking for journal entries... then we can answer in statement/workings format OR in journal entries... any one will do?

latest answer

It depends on the kind of question. Generally where accounting treatment is asked, you have to explain provisions and conclusion. In some cases, you can add more by way of Journal Entry (working may be needed to compute amount)

Deepak Gupta

Deepak Gupta

CA Inter

1K+

1

529