what about debentures ??

answered on 06-Jan-24 15:39

in this given question 10% debenture are not written . weather we have to assume that if the question is silent about taking over of debenture the debenture are settled by selling company or weather we have to take the debenture Video Details Course: P1 - Advanced Accounting (New) - Without AS Module: Amalgamation of Companies Section: Illustration 15 - Bank a/c adjustment - Part 1

latest answer

The question mentions only about trade payable. So debentures aer not taken over.

Angry Toshniwal

CA Final

★ 505

1

189

Write short notes

answered on 03-Jan-24 12:48

Highest relative capital method

latest answer

It's a method settlement between partners in a partnership while it's dissolution

Sandeep Gupta

CA Inter

★ 0

1

343

ESOPs

answered on 06-Jan-24 15:45

There are two methods for solving when ESOPs get lapsed before vesting (unvested options lapsed). One is to arrive at the net value which is (current year cumulative value minus previously charged, the excess will be charged to general reserve) & the other way is to arrive at that is finding out the value of unvested options in the previous years and charging them to general reserve first after which current year's cumulative will be found out and previously charged will be deducted from that, the excess will be charged to Esops o/s. Be it any method, ESOPs is going to be the same, but general reserve will be different in each method. Is that not a problem, both are recommended Video Details Course: Paper 10 - Corporate Accounting & Auditing (CAA) - (New) Module: Accounting of Shares and Debentures Section: Illustration 6 - Part 3

latest answer

No problem

Deena Sriram

CMA Inter

★ 0

6

258

Schedule III P&l

answered on 02-Jan-24 09:31

Where should loss or profit on sale of investment should be shown

latest answer

Other Income (Whether it's net profit or net loss) Net of profit and loss will be reported.

Guru Raja Prabhu L

CA Inter

★ 390

1

200

Red Ink Interest on Bill of Exchange

answered on 02-Jan-24 15:58

Red ink interest is used if due date is falling after statement date. When red ink interest is calculated on bill receivable, whose due date is after statement date, we are debiting the debtor's account. If he pays on statement date, he should get a rebate for early payment, but we actually debited his account. Therefore he is paying extra How does this make sense? Could someone clear this doubt?

latest answer

He will pay on due date only.

Vishnu Muraleedharan

CA Final

★ 32K+

1

292

Unable to find Loss on Sale

answered on 31-Dec-23 20:36

How do they arrive upon Loss on Sale of Furniture here? Are they assuming that the Fixed Asset Account is maintained on cost basis? It has not been mentioned anywhere if such an assumption is taken

latest answer

NPO

Vishnu Muraleedharan

CA Final

★ 32K+

3

257

Inventories

answered on 30-Dec-23 18:21

Is this only me or is there anybody who finds inventory sums a bit tricky? Is there any tricks or short cuts available for inventories?

latest answer

Okay sir

Divinne Fiona

CA Inter

★ 9K+

2

208

Bank Reconciliation Statement

answered on 30-Dec-23 15:18

How to identify the following question whether to solve in general method or plus(or)minus method

latest answer

That is the logical method

Sai Ganesh

CA Inter

★ 8K+

4

378

Unpaid cheque returned out of date

answered on 02-Jan-24 15:58

How to treat this item? Could someone explain what the item really is? From Nov 2020 Question Paper

latest answer

First credited and then debited.

Vishnu Muraleedharan

CA Final

★ 32K+

3

202

Final accounts

answered on 29-Dec-23 09:57

If the prepaid and outstanding items are given in trial balance and not in adjustments Should we take it to the P/L A/C or not for ex the following sum

latest answer

thankyou

Divinne Fiona

CA Inter

★ 9K+

8

272