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query on banking companies sum
Accountancy
answered on 19-May-20 23:17
Page 8.103 illustration 2. How did interest/discount come to 2297 can you please explain?
latest answer
Thank you very much.
Kumarjit Dey
CA Inter
★ 4K+
5
580
Banking companies
Accountancy
answered on 19-May-20 11:29
Sir whether we have to solve problems like preparation of balance sheet sums also r else upto p&l alone it's enough Ian thoroughly done upto p&l part
latest answer
Preparation of balance sheet is not tested.
nive krish
CA Inter
★ 255
1
522
Premium payable on Buyback
Accountancy
answered on 18-May-20 08:54
Why premium on buyback adjusted against securities premium but not with free reserves ? Why securities premium not considered as free reserve?
latest answer
Free reserves are reserves which are available for distribution as dividends. Securities premium cannot be paid as dividends and hence not a free reserves. The premium on buy back is first set off against securities premium as securities premium has limited use. If SP balance is not sufficient, P&L is used.
Ramya kudupudi
CA Inter
★ 2K+
1
550
Insurance claims for loss of stock and loss of profit
Accountancy
answered on 22-May-20 14:17
Dear sir in video class 17, ie illustration 7 (11) sir discussing solution without QUESTION
latest answer
Rectified. Thanks for your support
SUMANTH MANNAVA
CA Inter
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4
571
Another error in animated text
Accountancy
answered on 17-May-20 17:07
In video 9 "illus 1 part 1"of liquidation of companies at around 8:00 some weird number in lakhs is written after the text "Deficiency ranking as unsecured". Something like Rs 108840 or something Can you please explain how did that happen? To avoid such uncanny errors and mistake I will suggest Sir solves the whole sums using his own handwriting.
latest answer
It is not amount. It is the time stamp for the video. You may pls ignore it.
Kumarjit Dey
CA Inter
★ 4K+
1
581
Vertical balance sheet
Accountancy
answered on 01-Jun-20 12:41
Is vertical balance sheet compulsory for all chapters in accounts?
latest answer
No
Boomi Raja
CA Final
★ 23K+
3
563
Advance account
Accountancy
answered on 17-May-20 22:09
Any ammendment in accounting standard
latest answer
No.
Nivetharaman Raman
CA Foundation
★ 11K+
1
569
Right share
Accountancy
answered on 23-May-20 23:19
What is the Maximum amount at which a right can be sold?plz explain with numericals!
latest answer
You can also track the live price of Reliance Rights entitlement during market hours on Tuesday [Monday markets are closed]. https://www1.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=RIL-RE&illiquid=0&smeFlag=0&itpFlag=0
lakshmi kollipara
CA Inter
★ 1K+
6
642
Cenversion of partnership
Accountancy
answered on 22-May-20 10:26
Can someone explain how pc would be calculated in this question
latest answer
Sundry creditors have been settled by way of issuing equity shares. Settlement happens after amalgamation, that is why the value at balance sheet is considered as agreed value. If you notice the same is the case with Loan creditors.
Amit Verma
CA Final
★ 510
11
726
Closing inventory of stationery
Accountancy
answered on 17-May-20 07:22
Should we not disclose the closing inventory of stationery in its ledger
latest answer
Thank you Sriharsha
lithish kumar
CA Final
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6
692