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Buy back
Accountancy
answered on 16-Sep-24 12:52
Sir in this question we need ₹25lac for buy back. So we take ₹20lac from securities premium, ₹2lac from fresh issue and ₹3lac from revenue reserve. But question says investment sold for ₹22lac for the purpose of buy back. So where did we use this ₹22lac amt ?
latest answer
One is equity side adjustment comprising of reserves. Second is asset side adjustment - as we need money to pay to the shareholders (as pointed out by Tharun)
Ajaykumar Parit
CA Inter
★ 815
2
483
AS 19
Accountancy
answered on 16-Sep-24 12:52
Can anyone send me the solution?
latest answer
Which part do you have a doubt?
Mainak Chakraborty
CA Inter
★ 0
1
473
Consolidation
Accountancy
answered on 13-Sep-24 12:51
Share capital + reserve and surplus of subsidiary is rs100000 Holding Co own 90% I.e rs90000, but paid rs120000 so extra rs30000 is also received by subsidiary ? then why not showing in books of account ?
latest answer
We show it as a part of goodwill.
Sushmita Chowdhury
CA Inter
★ 2K+
1
445
AS 22 Accounting for taxes for income
Accountancy
answered on 14-Sep-24 11:54
In this question how come the timing difference is 4 Crs. As per accounting income :- sale proceeds is 8Cr and cost of investment is 4crs therefore accounting income is 4cr. As per taxable income it is the same 4crs .So why they are saying timing difference of 4crs exists?
latest answer
1
Niveta Rajkumar
CA Inter
★ 6K+
6
642
AS 5 net profit and loss, Prior period items and change in accounting policies
Accountancy
answered on 13-Sep-24 14:37
Is selling land to tide over liquidity problems is an extraordinary item?why is that so? why receipt of govt grant is a extraordinary item?
latest answer
extraordinary items are those that are both "unusual in nature" and "infrequent in occurrence".
Niveta Rajkumar
CA Inter
★ 6K+
2
496
All
Accountancy
answered on 12-Sep-24 11:36
All accounts papers ca foundation
latest answer
Complete Company Accounts, partnership Accounts, Rectification, Inventories, Depreciation, NPO and Single Entry. Then focus on remaining chapters.
Subhashini S
CA Foundation
★ 5K+
3
601
Unrealized Profit
Accountancy
answered on 12-Sep-24 14:20
If inventory is valued @10% less means profit should also be reduced by 10% ? so unrealized profit will be 22,500 ?
latest answer
Understood sir Thank you
Anirudh Srinivassan N
CA Inter
★ 2K+
4
544
Sep 24 mtp doubt question no 4
Accountancy
answered on 12-Sep-24 11:53
In that amalgamation sum how to determine general reserve And exact model of that question is in book practice problem 12
latest answer
Leave it for now.
sri nekesh
CA Inter
★ 0
7
531
Hire purchase
Accountancy
answered on 11-Sep-24 15:17
How to solve hire purchase principal and interest value. when interest percentage is not given
latest answer
Step 1 - Compute difference between 1st and second instalment IN this case it is 5,000. Interest for year 1 = 5000*4 Interest for year 2 = 5000*3 Interest for Year 3 = 5000*2 Interest for Year 4 = 5000*1
Ramalaxmi K
CMA Inter
★ 250
3
445
Internal Reconstruction
Accountancy
answered on 10-Sep-24 19:31
Are we supposed to prepare capital reduction account while preparing balance sheet even when the question does not require the same specifically?
latest answer
Yess for sure!
Sagar Kathuria
CA Final
★ 3K+
4
628