Forums
Theory questions
Accountancy
answered on 05-Nov-20 20:04
What are the probable chapters from which theory questions can be asked ?
latest answer
Ok Sir
lohita Prava
CA Final
★ 35
2
664
Discounting of a Provision (AS 29)
Accountancy
answered on 05-Nov-20 10:55
Is there any chance such questions being asked?
latest answer
No.
Kumarjit Dey
CA Inter
★ 4K+
3
694
Preferential creditors Query from Liquidation chapter
Accountancy
answered on 05-Nov-20 22:09
In the solution to this question how come preferential creditor is not Rs 5000 , but 26000 ? Within 12 months supposed to be , right?
latest answer
Ok. Cleared my confusion. Thanks
Kumarjit Dey
CA Inter
★ 4K+
3
844
Investment Accounts
Accountancy
answered on 05-Nov-20 18:16
Kindly see the attached question... Dividend is declared for the year ended 31.03.2014 @ 20% i.e. when Sundar had 25000 shares.. and he will receive dividend on them... But later they say that... dividend for shares acquired on 20.06.14 to be adj. against cost.. QUERY: Company declared dividend only for year ended 31.03.2014, then how can we know the dividend % for shares acquired on 20.06.14. In solution study mat has taken 20% here as well...
latest answer
They have assumed that dividends have not been paid on rights and bonus shares which is not a correct assumption. You can make a suitable note in the answers.
Deepak Gupta
CA Inter
★ 1K+
4
822
Doubt
Accountancy
answered on 05-Nov-20 18:12
Please explain point E on this question. The answer to that is True ..how??
latest answer
Ok sir thank you so much
Sri kanaga Varshini
CA Final
★ 3K+
2
648
Consignment
Accountancy
answered on 04-Nov-20 17:34
In consignment account, goods sent on consignment should be calculated on selling price of cost price??
latest answer
Invoice price or cost price. Depends on the question.
Pooja .
CA Final
★ 210
1
744
How did institute get this figure '7333' ?
Accountancy
answered on 04-Nov-20 23:22
Pg 2.62 , Q4. See attached please
latest answer
Clear thank you sir
Kumarjit Dey
CA Inter
★ 4K+
2
813
Query related to Joint Life Policy (partnership firm, dissolution)
Accountancy
answered on 04-Nov-20 17:11
How to treat â?¢ JLP Reserve (which appears on Liability side) â?¢ JLP (asset side) â?¢ JLP "surrendered" given in additional info Through Realisation and/or Partner's Capital Accounts? See attached for Q.
latest answer
Two approaches. 1. Transfer both reserve and policy to realisation and give credit to the amoutn collected/received from the policy. 2. Transfer reserve to partners capital account directly. Transfer JLP to realisation and give credit for amount received.
Kumarjit Dey
CA Inter
★ 4K+
1
1K+
Amalgamation
Accountancy
answered on 04-Nov-20 15:24
Which one is correct sir? Unrealised profit entry P&l a/c..dr To cash a/c (Or) P&l a/c..dr To stock a/c....
latest answer
Second entry. You have reduce the value of stock, by reducing the profit element
anju B
CA Inter
★ 21K+
1
717
Redemption of preference shares
Accountancy
answered on 04-Nov-20 07:33
Sir , I have listened the Class Redemption of preference shares But I am Not sure Regarding Why sometimes we are dividing Fresh proceeds with issue price. How can we divide the issue price to redeem the preference shares including premium . As it is contravention to sec 55. Sir , I also watched the video in youtube but I didn't understand the logic behind it. Sir could you please do a video on this specific point. that clears the Doubt of whole chapter
latest answer
The video on youtube is specific to this doubt. There are two ways to determine number of shares to be issued. First case - when we have sufficient bank balance. In this face value is relevant. Second case - when we do not have suffcient bank balance. In this case we need to check both face value and face value + premium. The transfer to CRR will be based on face value. It is not a contravention to S.55
M Naresh
CA Final
★ 3K+
1
630