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Amalgamation
Accountancy
answered on 10-Nov-23 08:31
What is the entry for 1.to issue to the debenture-holders in S Ltd 8% Mortgage Debentures at Rs.96 in lieu of 6% Debentures in S. Ltd. which are to be redeemed at a premium of 20% , S ltd is transferor company , S ltd had 6% debentures of Rs.200000
latest answer
Thank you
Prethivi Rajan
CA Final
★ 9K+
2
304
General Question
Accountancy
answered on 10-Nov-23 12:31
What is the difference between "Redemption" and "Buy back" of shares?
latest answer
Ok sir got it 👍
Girinath A
CA Inter
★ 765
6
286
AS 22
Accountancy
answered on 09-Nov-23 22:29
When taxable income > accounting income , it is deferred tax asset or DTL ?
latest answer
If taxable income is > , and if it is caused by timing difference, then it is Deferred Tax asset
Neha Baliga
CA Inter
★ 16K+
1
257
Treatment of dividend credited in P&L account by holding company while consolidation of P&L
Accountancy
answered on 09-Nov-23 12:43
I came across with illustration 12 in consolidation of financial statements in institute study material, in that statement saying dividend has been paid by subsidiary company (post acquisition period profit) and holding company credit that in p&l . But in answer the dividend is not reduced in income portion. Also in nov23 rtp (question 11)the same sum was asked in that they reduced dividend portion in income. I also refered December 2021 suggested answer, question 3a, there also dividend not reduced. My contention it has to be reduced, because we will add it in profit and loss under reserves and surplus. Right or wrong?
latest answer
Yes. In consolidated pl
Praveenkumar M
CA Final
★ 8K+
5
489
Banking company
Accountancy
answered on 10-Nov-23 08:02
What is the percentage transferred to statutory reserve (is that 25% ) or any change and .....how much investment can be held by bank as LONG TERM INVESTMENT ? (25% or 23%)?
latest answer
Transfer to statutory reserve= 25% Bank need to categorise it's 75% investment as current investment. Rest is held for maturity.
kalees waran
CA Final
★ 195
1
267
Consolidation
Accountancy
answered on 09-Nov-23 11:59
While calculating Capital reserve , why bonus share of 60% added again , because (60% of 4880 ) include bonus too
latest answer
Thank you 💫
Prethivi Rajan
CA Final
★ 9K+
2
283
Consolidated FS - Cost of Control
Accountancy
answered on 09-Nov-23 12:05
Why are we taking Revenue Reserve while computing Value of shares?? Aren't we supposed to take only capital profits??
latest answer
You will consider all reserves.
Badrinarayanan R
CA Final
★ 225
2
286
As 22
Accountancy
answered on 09-Nov-23 12:26
Can anyone solve this sum As22
latest answer
Done sir👍
kalees waran
CA Final
★ 195
3
262
Amalgamation
Accountancy
answered on 09-Nov-23 12:14
Why this question considered as Amalgamation in the nature of purchase ?
latest answer
Thank you Sir
Prethivi Rajan
CA Final
★ 9K+
2
251
Accountancy
Accountancy
answered on 08-Nov-23 23:31
Maximum number of partners in a general partnership and in banking business?
latest answer
20 in case of banking 100 in case of general partnership
Nidhi S
CA Inter
★ 4K+
1
231