Forums
Redemption of Preference Shares- Value of fresh issue
Accountancy
answered on 21-Sep-20 16:50
Hi, Redemption of Preference Shares are to be done by issue of fresh capital or free reserves or both. In question 4,why are we deducting bank balance from value of redemption to arrive at value of fresh issue; when in another question(icai), free reserves are being reduced from value of redemption to arrive at value of fresh issue?
latest answer
Unless bank balance is to be maintained, treat it as a normal question.
Karan Chellani
CA Inter
★ 0
5
563
Consignment
Accountancy
answered on 20-Sep-20 14:10
Iam not able to understand how to evaluate stock reserve in this question. See the attachment pls
latest answer
Give an appropriate note in exams
Anirudh gupta
CA Inter
★ 27K+
8
528
Syllabus query
Accountancy
answered on 18-Sep-20 11:14
Hi, is partnership accounting a part of the syllabus for Group 1 November 2020 attempt; because I saw some questions of partnership in previous year question papers of ICAI.
latest answer
It is now a part of Group II
Karan Chellani
CA Inter
★ 0
2
530
Doubt
Accountancy
answered on 19-Sep-20 14:36
What is anticipation of profit in given problem
latest answer
Drawings are of two types I) Drawings out of profits II) Drawings out of capital Drawings out of profits do not effect capital invested. Because profit is the surplus earned by investing capital in the business.
sai t
CA Foundation
★ 2K+
4
518
Retirement of Partner
Accountancy
answered on 19-Sep-20 08:49
Sir this is the journal entry of Page 8.91 Illustration 3 I want to know how is the fixtures account is being calculated
latest answer
Create a revaluation account. And solve the problem. Book value - 8,200 Agreed value - 10.980 Increase by 2,780 Dr Fixture 2780 Cr Revaluation Account.
Sampath B
CA Final
★ 21K+
5
605
Ca foundation
Accountancy
answered on 17-Sep-20 11:49
Partnership account Admission of partnership Illustration 2 is solved 3 times's why?
latest answer
Illustration 2 as per ICAI or our modules? Can you share screenshot where it is solved 3 times? There could be slight variations or different way of approaching the same problem.
Vaibhav Salgare
CA Inter
★ 8K+
1
464
Individual moules
Accountancy
answered on 19-Sep-20 14:09
Sir pls add partnership chapter video for accountancy old syllabus in individual modules sir.
latest answer
It is available in foundation - please buy from there - the syllabus is shifted to foundation in new syllabus
kamali j
CA Inter
★ 1K+
5
492
Liquidation of companies
Accountancy
answered on 18-Sep-20 18:58
In illustration 5 , does this indicate the company is being bought by another company ?
latest answer
Thanks sir
Swathi Krishna
CA Final
★ 8K+
4
485
Liquidation of companies
Accountancy
answered on 19-Sep-20 15:22
In illustration 6 the adjustment w.r.t equity shareholders, I didn't get Can u explain ? How did this become net take away and net to be bought ? (The logic behind)
latest answer
Total loss is 62.35 per share. Those who paid 60 need to pay additional 2.35 Those who already paid 75 will get back 12.35
Swathi Krishna
CA Final
★ 8K+
3
543
Final accounts
Accountancy
answered on 16-Sep-20 19:21
In this sum there are expenses in opening balance sheet And also some expenses in adjustment Should not we add to original expenses
latest answer
Thank you
Prasanth Kumar
CA Inter
★ 13K+
2
536