Branch account

answered on 17-Mar-25 22:24

In this question, Branch stock reserve has been calculated in the books of H.O and trading and P&L A/c is prepared in the books of Branch. Am I correct, Sir?

latest answer

Yes

Nisha M

CA Inter

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1

50

Related party

answered on 17-Mar-25 09:51

Mrs.A (individual) having 30% stake and significant influence in Altd therefore Mrs.A is a related party. Suppose in the place of Mrs.A, there is an entity called Bltd with 30% stake and significant influence. Can we call Bltd as a related party to Altd?

latest answer

Yes

Nisha M

CA Inter

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1

40

Sir 10:30to 10:46 how u got 170 sir calculation sir please help I not understand sir

answered on 17-Mar-25 10:47

Sir10:30 to 10:46 howu got 170 sir calculation sir please help I not understand sir

latest answer

The excess purchase consideration that received will be setoff against P&L and general reserve Excess consideration is 670. It will be setoff against P&L of 500 of old company (Question) and the remaining 170 against general reserves

R G

CA Inter

★ 9K+

1

40

Amalgamation of company

answered on 15-Mar-25 18:22

At last in video, you took Rs. 10 @ Par value to calculate Consideration (500x10). But why don't you change the value of Y ltd Intrinsic value 30 into 10

latest answer

The value of entity Y is 30 per share. That will be considered to value the company and discharge consideration.

Deva Acca

CA Inter

★ 630

1

56

Financial statements

answered on 17-Mar-25 09:43

The question says that closing stock is more than opening stock by 160000 Then why are we adding the difference amount in cost of purchase ?

latest answer

Thank you sir

Jashvanth.K

CA Inter

★ 11K+

4

53

Financial statements

answered on 15-Mar-25 18:32

Suraj Sir, whether the cost of purchases + (changes in inventory if negative ) = adjusted purchases ?

latest answer

Adjusted PUrchases = Op Stock + Pur - CS i.e Purchase = Adj PUrchases + Cs - Op stock = Adj purchase + 160,000

Jashvanth.K

CA Inter

★ 11K+

1

45

Book (Financial statement )

answered on 27-Mar-25 14:17

Sir, in this attached pdf the total of the expenses is mismatched ( Financial statement 1st sum) .... whether the purchases would amount to 406 ? because in working notes we worked gross purchases as 406 ?.. kindly solve my doubts regarding this

latest answer

It is 406 only. Will update it. Thankyou

Jashvanth.K

CA Inter

★ 11K+

3

60

Debenture redemption

answered on 15-Mar-25 18:39

If DRI is realised at profit at the time of redemption, is it written off from capital reserve first or from statement of profit & loss first?

latest answer

If its sold at profit, it is credited to P&L

Asmita Kar

CA Foundation

★ 7K+

1

52

Branch

answered on 12-Mar-25 07:00

a) What would be the exchange rate of computer Cl, op or avg Pls explain this point

latest answer

Some of the information, say for example, assets or closing stock they will provide the actual dollars(in some problems) so we directly take it as the actual amount for convertible from ruppe to dollars

Sushmita Chowdhury

CA Inter

★ 2K+

5

64

Cash flow statement

answered on 15-Mar-25 21:29

In this question, if the name is given as Zen ltd(company), can we consider the entire increase in share capital account of 224000 as issue of shares?

latest answer

okay Sir

Nisha M

CA Inter

★ 2K+

2

69