Buy Back of Equity shares

answered on 16-Sep-23 07:14

“Current maturity of long term borrowings" Is it to be included (or) not to be included while calculation debt equity test

latest answer

Included. Current maturity of long term borrowings are Current liabilities under other Current liabilities

Ashfaq Ahmed

CA Inter

★ 3K+

1

203

Banking companies

answered on 15-Sep-23 13:33

What is the percentage of profit should be transfers to reserve funds in banking companies which applicable for nov 23

latest answer

25%

Sai sruthi

CA Inter

★ 640

1

213

As3

answered on 15-Sep-23 09:32

Loans TAKEN from supplier, customer is operating activity or financing activity Because in icai book they given , Loan GIVEN to customer, supplier is operating activity

latest answer

Thank you sir

Krishnan K

CA Inter

★ 5K+

4

271

AS notes

answered on 15-Sep-23 17:47

Why I couldn't download AS notes it is showing some error.

latest answer

AS notes is same. Accounting standards do not change with change in syllabus.

HariPriya C

CA Final

★ 3K+

4

307

Departmental trading account

answered on 14-Sep-23 17:16

Why opening stock reserve is cr in general P/L ac???

latest answer

In Departmental accounts, Illustration 6 you can see it

Dhakshana Dhakshana

CFA L2

★ 18K+

5

257

Section 197

answered on 15-Sep-23 17:51

3% and 1 % of net profits formangerial remuneration plse explain me?? Remuneration payable to directors who are neither managing directors nor whole-time directors For directors who are neither managing director nor whole-time directors 1% of the net profits of the company if there is a managing director/whole-time director If there is a director who is neither a Managing director/whole-time director 3% of the net profits of the company if there is no managing director/whole-time director

latest answer

What is the doubt>

MPR Sanjay Kumar

CA Inter

★ 490

1

196

Department mental accounts nov 22 qp 5 b

answered on 21-Sep-23 09:35

In that question why inter departmental transfer not taken even though given in question

latest answer

Not taken where? Can you share the question?

OMKAR REDDY

CA Inter

★ 6K+

1

214

As 24 discontinuing operation

answered on 15-Sep-23 17:55

What is meant by in pursuant to a single plan Also explain why in example 1 , it is not pursuant to a single plan

latest answer

Not like selling piecemeal. Basically selling the entire part as a whole or under a single approved plan. Say multiple assets form part of the operations. The plan to dispose is under one plan and different plan. If each asset is sold separately, then its asset disposal.

Krishnan K

CA Inter

★ 5K+

2

235

Doubt

answered on 12-Sep-23 20:25

I have a doubt in the illustration for output igst liability we utilize input cgst as 9,000 and input sgst as 6,000 but remaining input sgst 3,000 written in balance sheet on asset is still receivable or it is prepaid can any one explain

latest answer

Thank you so much

sai t

CA Foundation

★ 2K+

2

270

Branch accounts

answered on 12-Sep-23 18:34

How to identify the method in branch account when it is not specific in the question??

latest answer

Treat it as stock and debtors method

Rifhat Khan

CA Inter

★ 28K+

1

251