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REDEMPTION OF PREFERENCE SHARES
Accountancy
answered on 29-Jun-20 15:30
Sir/Ma'am How do we identify whether the company is Sec133 or not so that we know that SPR can't be used. What does this sentence mean
latest answer
Section 133 talks about notification of AS by Government. Most companies would fall in this category. For your second doubt refer to our revisionary video on preference share on youtube. https://youtu.be/5WSDaC_0Qfc
aman kawad
CA Inter
★ 7K+
1
609
Branch acc
Accountancy
answered on 29-Jun-20 11:56
In illustration 10 of icai material why is the difference in invoice and cash price goods sent to branch a/c not credited to stock n reserve a/c?
latest answer
It is not goods sent to branch it is goods received by outlet. In Rahul's books we will not record the stock reserve which belongs to the wholesaler.
Saathik Nj
CA Inter
★ 0
1
571
Branch accounts
Accountancy
answered on 28-Jun-20 00:49
Why is bank/cash account not opened in illustration 8 while the same is opened in illustration 4 in icai material?
latest answer
In illustration 10 why is the difference in invoice and cash price of goods invoiced to outlet not credited to stock reserve a/c?
Saathik Nj
CA Inter
★ 0
3
598
Inventory chapter 4
Accountancy
answered on 28-Jun-20 17:57
Sir in case the purchase is made in the current year for eg march 2019 and the good are recieved on next year , Now Whether the inventory for the year ended 2019 will include that purchased inventory or not? And one more doubt ie is there a difference between physical inventory and closing stock? If yes then what it is?
latest answer
Ok thank u mam
Abhishek Purohit
CA Inter
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9
633
Joint life policy
Accountancy
answered on 26-Jun-20 13:21
When partner died after claiming a insurance he is still liable then what there do and what will effect in balance sheet
latest answer
When a partner dies, the amount received from the insurance company will be credited to the Joint Life Policy Account, the balance on this account is then transferred to the capital accounts of partners (including the deceased partner) in the profit- sharing ratio.
Jashwanth S
CMA Inter
★ 2K+
1
615
Account current
Accountancy
answered on 26-Jun-20 09:48
On attachment the number of days calculated on 01.07.16 is 184 how????
latest answer
Thank u
Gowshika LT
CA Final
★ 40K+
2
569
Esop accounts
Accountancy
answered on 27-Jun-20 13:53
In this question please tell the use of fair value and market value. This is nov 19 question.
latest answer
Thanks
Amit Verma
CA Final
★ 510
8
621
Extension
Accountancy
answered on 25-Jun-20 11:02
I'm confused which option to be selected. Please clarify in this regard after viewing the attachment. How much amount is to be paid to extend untill November?
latest answer
Thank you for the prompt reply. Also I request indigolearn to launch many affordable modules with regard to soft skills for students and professionals. I like learning at indigolearn.
kajjam sai ram
CA Inter
★ 5
2
585
Goodwill valuation
Accountancy
answered on 26-Jun-20 09:41
If didn't bring goodwill just he bring capitals then how to valuate goodwill
latest answer
Yes
Jashwanth S
CMA Inter
★ 2K+
6
623
Amalgamation - Realisation Ac
Accountancy
answered on 24-Jun-20 19:17
In all the illustrations we have transferred liabilities to Realisation ac and reserves to equity shareholders ac. But incase of mergers even the reserves are taken over by purchasing company! So can we take the reserves to Realisation A/c itself? And by that approach I guess we can arrive at how much profits had equity shareholders made actually! Is this approach right?
latest answer
Reserves can never be taken into realisation account, be it in the nature of merger or purchase
Saran Vadivel
CA Inter
★ 2K+
3
929