Liquidation Of companies

answered on 12-May-20 13:29

Illustration 1 of this chapter, how to arrive at List H deficieny account. In the study material a different format is given which is not thought in indigo learn video. Kindly help??

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Ok thankyou!!

Harini Senthilkumar

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BRS

answered on 11-May-20 11:31

Pls send me the answer

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Tks bro

Chaitanya Riskÿ

CA Foundation

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Preparation and presentation of financial statements

answered on 12-May-20 11:22

In illustration 1 u didn't make entry in other current liabilities for interest on debentures.... But in 2nd illustration u made entry for that in other current liabilities....?

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In the 1st illustration we interest on debentures given in the trial balance directly and so we have taken it as finance cost under statement of P&l. In the 2nd illustration interest on debenture is not given directly and as the debentures are given 6% interest rate we have assumed it to be opening balance of debentures and calculated interest payable. Interest payable is outstanding and hence it is appearing under other current liabilities in the balance sheet

abhishek kapale

CA Inter

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Financial statements of Not for profit organizations

answered on 12-May-20 17:31

Slide no.11 is not the proper continuation of slide no.10 video needed to be rectified. It would be helpful if it is done as soon as possible ð???

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Please check now. It must be correct now

Anand Mathew

CA Inter

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Book keeping

answered on 08-May-20 16:25

Accounts

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Ok thank you

Sheethal Sudhakar

CA Foundation

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I have an interesting question on AS 9 for you.

answered on 08-May-20 14:08

Daikin Ltd sold an air conditioner to Mr Y for Rs 57,000 on 01/01/2020. The customer was informed that the AC would be installed on 07/01/2020 and installation fees would cost an extra 1,500 rupees. The customer agreed. Daikin Ltd also got the customer to enter into an AMC with the company for 3 years. The AMC, costing Rs 5,700, promised 1 free of charge maintenance every year for next 3 years. Discuss how should Daikin Ltd account the above figures for year ended 31/03/2020.

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Sale of AC accounted in for year ended 31/3/20 in full Rs.57,000 as seller has transferred the property in the goods (significant risks and rewards in ownership) to the buyer for a consideration Installation fees accounted for year ended 31/3/20 in full Rs.1,500 under Completed Service Contract Method as rendering of services under a contract (only for installation) is completed. AMC charges Rs.5,700 should be accounted under proportionate completion method, that is spread over the period of AMC. The proportionate amount related to 2019-20 should be accounted for the year ended 31/3/20

Kumarjit Dey

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Hire purchase

answered on 08-May-20 21:14

In hire purchase, if they gave amounts as instalments , from that we will find INTEREST & PRINCIPAL.. """"But how they I'll fix those instalment amount"""" What is the logic or calculation behind that..??

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It is a backward calculation. The last payment will include interest and opening principal. Using that logic you can do the computation.

Suryaa Ss

CA Inter

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ESOP

answered on 07-May-20 18:22

How is the employee compensation expense amortised in year 1,2,3 in this sum ?? How to find that fraction ??

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Thank you so much

anamika vardhan

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Amalgamation of companies

answered on 07-May-20 14:01

What is the treatment of fictitious assets in respect of incorporation journal entry in case of amalgamation in nature of Purchase

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Thanks bro

Hariom Mishra

CA Foundation

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Redemption of Preference Shares

answered on 06-May-20 13:38

In illustration 4. the number of shares to be issued you have considered face value and also securities premium i.e 37500/60 but we should only consider the face value right for the number of shares to be issued? Is my understanding correct? because in illustration-2 you have considered only the face value.

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Okay..Thank you sir

sai krishna teja

CA Inter

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