Buyback

Accountancy

I can pass this entry right. In narration I have specified CRR is especially created out of reserves and premium is written off using SPR. I have merged these entries, there isn’t any problem sir?

Sugam SM

CA Final

★ 9K+

22-Jun-23 22:07

738

Answers (5)

Best Answer

No problem but write narration Very clearly That Evaluator should understand your intention

Surya Prakash

CA Final

★ 19K+

22-Jun-23 22:28

Surya Prakash

No problem but write narration Very clearly That Evaluator should understand your intention

Yeah I mentioned the same😁

Thread Starter

Sugam SM

CA Final

★ 9K+

22-Jun-23 22:41

Premium should be to P&L and not from Securities Premium. - ICAI has used this option. Also instead of writing note, pass two separate entries. Since you are not saving time by passing combined entry.

CA Suraj Lakhotia

Admin

23-Jun-23 09:38

CA Suraj Lakhotia Admin

Is it bcz entity is covered u/s 133 of Companies Act?

Thread Starter

Sugam SM

CA Final

★ 9K+

23-Jun-23 16:54

Yes

CA Suraj Lakhotia

Admin

23-Jun-23 16:55

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