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Premium on redemption of preference share
Accountancy
answered on 16-Jan-24 13:50
Can we use securities premium for providing premium on redemption of preference share
latest answer
No
Atharv Sankliya
CA Final
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240
CFS
Accountancy
answered on 13-Jan-24 08:13
Why interest actually paid financing activity not added to net profit before tax?
latest answer
You need to share question as well. Go through this video https://www.youtube.com/watch?v=BCujphqmx64&ab_channel=1FINbyIndigoLearn-CA%2CCS%2CCMA
Ujwal Reddy
CA Inter
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2
270
AS16
Accountancy
answered on 16-Jan-24 13:54
Please specify reason for these answer
latest answer
When expenditure started.
Sushmita Chowdhury
CA Inter
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257
INDAS 38
Accountancy
answered on 20-Jan-24 08:32
When there is an expense which is incurred for development of intangible asset and for normal operations in business and such expense cannot be apportioned, then such expense should be capitalised into the cost of intangible asset or should be recognised in profit and loss account or we should follow company policy? can you please provide the provision in INDAS 38 regarding this doubt sir?
latest answer
You should make an estimate and alloacte.
siva chaitanya
CA Final
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270
ESOP and buy back
Accountancy
answered on 08-Jan-24 10:31
I didn't understand this highlighted point iv) about ESOP, what is it trying to say and what will be it's impact while buying back the shares?
latest answer
Those will become equity shares and will be used in calculation.
Garima Bhargava
CA Inter
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1
236
But back of shares
Accountancy
answered on 08-Jan-24 00:29
Can anyone plz explain the meaning of this highlighted point(point iii) How can company ask for funds(issue debentures)and invest in same funds (investments in its own debentures) at same time? How does it work/how is it logically possible to raise funds, ask for money and then investing in it itself? If company had money already (as it is investing) then it shouldn't ask for funds (shouldn't raise debentures)?
latest answer
It's a type of redemption, redemption by purchase through open market and it is not the same time when issued. When the company has used the fund and it's time to redeem the debentures they purchase it from open market and cancel it's own debentures after specific period (after passing board resolution). Till the time it is cancelled, it is shown as Investment in own debentures
Garima Bhargava
CA Inter
★ 185
1
222
Dissolution of firm
Accountancy
answered on 21-Jan-24 23:34
Pls solve this sum immediately
latest answer
Ok sir thanks
Tanuj Sharma
CA Foundation
★ 15
6
320
firm underwriting
Accountancy
answered on 08-Jan-24 10:37
why normal underwriting commission has to be paid on the firm underwriting. In this question, D's gross liability is 40000 out of which 10000 is the firm underwriting, when commission is found out, first, it has been calculated on 40000 as normal underwriting commission & again for firm underwriting, it is calculated separately. pls explain Video Details Course: Paper 10 - Corporate Accounting & Auditing (CAA) - (New) Module: Accounting of Shares and Debentures Section: 80. Firm Underwriting
latest answer
Yes
Deena Sriram
CMA Inter
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18
403
What next to study
Accountancy
answered on 06-Jan-24 15:22
I finished AS 1,2,3 and also framework chapter now what can I read next Pls guide me Video Details Course: P1 - Advanced Accounting (New) - Without AS Module: Framework for Preparation and Presentation of Financial Statements Section: 14.Capital Maintenance
latest answer
Accounting standards in the order given.
Shivashankar Jawai
CA Inter
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278
DRR INVESTMENT
Accountancy
answered on 04-Jan-24 17:09
DRR account should be always maintained but Drr investment account, it is to be maintained only when it is asked in the question or Video Details Course: Paper 10 - Corporate Accounting & Auditing (CAA) - (New) Module: Accounting of Shares and Debentures Section: 73. Illustration 6
latest answer
Yes. ONly when asked in question.
Deena Sriram
CMA Inter
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1
226