Pre and post incorporation

answered on 11-Sep-23 22:41

How to calculate purchase ratio in the following question

latest answer

Yes it is correct and thank you so much

GOKULALAKSHMI PANNEER

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Pre and post incorporation

answered on 21-Sep-23 09:38

How. To calculate COGS ratio in the following question

latest answer

Assume sales is 300 and 1100 If COGS is 100 in pre incorporation, COGS should be 100/300 x 1100 is post incorporation = 366.67 But the COGS reduced by 10% so 366.67*90% = 330. So COGS is 100:330

GOKULALAKSHMI PANNEER

CA Final

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244

Pre and post incorporation

answered on 21-Sep-23 09:58

When there is both date of incorporation and date of certificate of incorporation then what should be taken for calculation of time ratio? And why?

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Thankyou sir

GOKULALAKSHMI PANNEER

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AS10

answered on 11-Sep-23 10:48

Explain these two illustrations

latest answer

When a part is replaced the existing carrying amount of part is to be derecognised and new part is to be recognised.

Rifhat Khan

CA Inter

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222

Profit or loss pre and post incorporation

answered on 10-Sep-23 17:05

Sir why the pre- incorporation profit is taken to capital reserve and loss is taken to Goodwill ? What is the logic or reason behind it?

latest answer

Loss means net assets are lower and we pid higher. Hence goodwill. You will understand in Amalgamation

GOKULALAKSHMI PANNEER

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As-20 eps

answered on 11-Sep-23 10:32

Sir, Example : (jan-dec) 1000 shares issued on jan-1 2000 shares issued on march-1st. Bonus issued 1:2 on Aug-1st.for above shares... [ ••PERIOD WEIGHT FACTOR•• ] What date should we consider For "bonus shares" weighted avg calculations (WANES) related to "2000" shares issued on march-1st... (when there are no shares issued in PY) From beginning of the year or... From march-1st.. ?

latest answer

Means not converted and will not be converted in future.

Divya K

CA Inter

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207

Banking co.

answered on 09-Sep-23 07:26

How 2586 has come under schedule 13 of yr ended 31/3/2023? My computation: 2045+55+112+177=2389 I don't know what I have missed

latest answer

Ok, thanks 😊

Yamuna S

CA Inter

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302

Bonus issue

answered on 12-Sep-23 09:20

What is the ratio of bonus issue and how to solve the problem?

latest answer

In the 2nd para the company decides that shareholders paid only 4/- and that worth of amount be converted into fully paid bonus and whatever the called up 6/- are assumed as normal, then we find bonus element i.e; 4 shares for every 6 shares then 4:6 ratio they allotted bonus. And whatever ratio get apply on above 1.5L shares( in 2nd para from 2nd line last ) then we get no. of bonus shares held. 1,50,000×4/6 =1,00,000 bonus shares are allotted to holders. The 2nd para is saying to find the bonus element and no. of bonus shares allotted.

GOKULALAKSHMI PANNEER

CA Final

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260

Average due date

answered on 09-Sep-23 11:12

can anyone tell me how 3.17 came in the calculation of interest in the given sum?

latest answer

Thankyou

Divinne Fiona

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244

Doubt

answered on 07-Sep-23 07:33

Commission will be written in profit and loss account only when it is paid but why Commission Payable is written in profit and loss as it has to paid to manager but I have a doubt that generally we follow accrual concept of accounting so it should be still added to p& l but I have a doubt that in general we write only current year expenses and income in p& l accounts na as per matching concept but we should use both accrual and matching concept and prudence concept for preparing final accounts ?? Prudence concept is for calculation of anticipated loss for example provision for bad debts and doubtful debts

latest answer

OK sir 🙏🙏

sai t

CA Foundation

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275