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Using SPR for Redemption of preference shares
Accountancy
answered on 14-May-23 14:17
When we can use Securities premium (SPR) balance for premium of redemption of pref shares (as point 4 of sec 52 of companies act 2013 says) then why do we always write off premium on redemption from p&L surplus or general reserve and never from SPR?
latest answer
Yea got it thanks :)
Garima Bhargava
CA Inter
★ 185
4
4K+
As 3 cash flow statement
Accountancy
answered on 16-May-23 15:28
Calculation of cash flow statement under indirect method,income tax payable op is 2000 and closing is 3000 and in p&l a/c tax paid was 3000 ,which amt to deducted in the calculation in the operating activities
latest answer
Opening 2000 is paid. So that will be the amount in cash flow.
bhagya sundar
CA Inter
★ 0
2
395
CORRELATION AND REGRESSION
Maths & Stats
answered on 14-May-23 16:19
The coefficient correlation between two variables X and Y is -.75 and their covariance is -15. If variance of X is 25, find the second moment about mean of Y-series?
latest answer
Thank you bro!
Sr the Unique
CA Inter
★ 10
3
531
Pgbp
Direct Taxation
answered on 15-May-23 11:21
In this q,if the asset was building what would have been the answer
latest answer
Explanation 5. to sec 43 states —Where a building previously the property of the assessee is brought into use for the purpose of the business or profession after the 28th day of February, 1946, the actual cost to the assessee shall be the actual cost of the building to the assessee, as reduced by an amount equal to the depreciation calculated at the rate in force on that date that would have been allowable had the building been used for the aforesaid purposes since the date of its acquisition by the assessee.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
457
Reg
Indirect Taxation
answered on 15-May-23 15:15
Sir here within 30 days return has to be filed. But since there is cancellation of reg and suomotto by PO then there would be suspension of reg. Then about what he shall file return?
latest answer
After he revokes then we have to file the returns within 30 days of revocation
Sugam SM
CA Final
★ 9K+
1
522
Auditing
Exams
answered on 13-May-23 20:18
What topic to revise first ? Only done with some standard and company audit .. a little bit scared ... Little time left
latest answer
Thank you 👍
Radhika Bajaj
CA Inter
★ 3K+
3
553
Reg
Indirect Taxation
answered on 14-May-23 17:07
Other than change in state means Change of state of change within state?
latest answer
Yeah change of PPOB in diff state means we need sep reg. Got it!
Sugam SM
CA Final
★ 9K+
2
469
TDS
Direct Taxation
answered on 15-May-23 11:13
if TDS of 540 deducted on 21st Feb 2023 and paid to government on 08th Mar 2023 , Calculate Interest with explanation
latest answer
1.5% per month and 2 months Feb and Mar considered between "from the date on which such tax was deducted to the date on which such tax was actually remitted "
Sai Vema
CA Final
★ 108K+
5
450
Usage of Trade
Corporate & Other Laws
answered on 13-May-23 12:50
Please give me an example of Annexation by Usage by Trade
latest answer
Thank you
Ardhendu Sekhar Acharya
CMA Inter
★ 250
2
491
Branch Accounting - Dependent Branches - 13. Illustration - 4
Accountancy
answered on 17-May-23 12:03
In the above illustration it is given that goods are invoiced at 120% of cost and sold by branch at 150% of cost. But my doubt is when the branch sells at 150% of cost, doesn't that mean 150% of branch's cost (invoice price + branch's expenses). Kindly explain.
latest answer
Cost + 20% and Cost + 50% Since no other info is given it can be assumed to be the cost to HO. Else they would have given Invoice + 50%
Aswin Chandar
CA Final
★ 40K+
1
548