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Bill of exchange (renewal)

Accountancy

answered on 06-Aug-22 16:10

In this question, is it mandatory to write those 2 entries i.e 1 entry for interest due and another entry for receipt, Or is it enough if I write this entry:- Bank a/c. Dr 51500 To interest a/c 1500 To Rita a/c. 50000

latest answer

Single is also fine.

Monisha KM

Monisha KM

CA Inter

825

4

536

#6 Question for the day (Inter: Advanced Accounting)

Accountancy

answered on 06-Aug-22 21:15

Solve on paper and share photo by 8pm. #LetsPractice Net Profit for financial year 2018-2019 - Rs. 30,00,000 Net Profit for financial year 2019-2020 - Rs. 50,00,000 No. of shares outstanding prior to rights issue - 20,00,000 shares Rights Issue Price - Rs. 20 Last day to exercise rights - 1st June, 2019 Right issue is one new share for each five equity share outstanding (i.e. 4,00,000 new shares). Fair value of one equity share immediately prior to exercise of rights on 1st June, 2019 was Rs. 26.00. Compute Basic Earnings Per Share for financial year 2018-19, 2019-2020 and restated EPS for 2018-19.

latest answer

Tq sir

Sahibdeep Singh

Sahibdeep Singh

CA Inter

14K+

8

790

"Exchange transaction lacks commercial substances"

Financial Reporting

answered on 06-Aug-22 17:56

Can anyone elaborate this point with some real life examples.

latest answer

Thank you.

Peratchi Selvam

Peratchi Selvam

CA Final

925

3

1K+

CA DIRECT ENTRY

Others

answered on 07-Aug-22 23:57

I have cleared cma inter both the groups and i want to do ca inter through direct entry. Whether I need to go for 9 months articles or not ? Pls tell know ...

latest answer

Yes articleship is compulsory

G Ven

G Ven

CA Foundation

263K+

3

526

As-16

Accountancy

answered on 06-Aug-22 15:11

What is acid test?

latest answer

Litmus test is also used at times (if you remember science - acid + base = salt + water :D)

Sugam SM

Sugam SM

CA Final

9K+

7

527

SFM Solutions

AFM

answered on 06-Sep-22 11:52

Good Evening Sir. It would be helpful if you could remove the protection in the solutions excel file. Facing difficulty while self practicing

latest answer

We will help you to arrive at the right solution instead of solving it out for you

Suresh Avinash

Suresh Avinash

CA Final

3K+

5

764

Insurance claim

Accountancy

answered on 05-Aug-22 21:13

Share me the calculation of insured standing charges and uninsured standing charges of Q24

latest answer

Thank you ..

Rick Y

Rick Y

CA Final

2K+

3

707

Business commercial knowledge

Others

answered on 09-Aug-22 09:30

FDI in sectors which required prior approval is identified as what ??

latest answer

You can check the routes here https://www.makeinindia.com/policy/foreign-direct-investment https://rbidocs.rbi.org.in/rdocs/notification/PDFs/78358.pdf

Sowmya Krishnan

Sowmya Krishnan

CA Inter

2K+

4

501

Question complier for taxation

Direct Taxation

answered on 05-Aug-22 19:06

Can anyone suggest question complier for practice on taxation ? Is suchithra scanners are amended?

latest answer

Thankyou sir :)

Prakash Murugan

Prakash Murugan

CA Inter

710

2

501

Sale of silver Utensils

Direct Taxation

answered on 05-Aug-22 20:45

Does Sale Of Silver Utensils have Capital Gains . Sale of gold arise capital gain but whether sale of silver utensils also arise capital gains or bronze utensils . Please clear the doubt

latest answer

Thanks ð???

harkirat singh

harkirat singh

CA Inter

1K+

3

720