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Preference

Accountancy

answered on 15-May-22 10:18

Sir in the computation of requirement amt for the redemption of preference shares (only for the face value )and for premium on redemption shall be sett off with P/L BUT Y IN THIS PROBLEM THEY HAVE INCLUDED THE PREMIUM AMOUT ALSO

latest answer

Reduce Premium amount from P&L balance to know how much of P&L can be used

Dimple Keziya

Dimple Keziya

CA Inter

4K+

3

417

Financial statements

Accountancy

answered on 14-May-22 14:26

How to prepare balance sheet if the firm is not going concern.

latest answer

Thank you

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

6K+

6

411

Regarding presentation

Accountancy

answered on 14-May-22 13:01

In answer sheet If my answer is in following order is it acceptable by examiner or is there any procedure to attend Example attending qu.no 2 option a first and Second question no 3 And later if I attend questions no 2 option b Is this type of answering ok or not

latest answer

Ok.....

poco m2 pro

poco m2 pro

CA Inter

3K+

6

437

Insurance Claim

Accountancy

answered on 14-May-22 15:50

Can someone send a list of Uninsurable standing charges ?

latest answer

There is no specific uninsured standing charges. The question will list out whether the same are insured or uninsured.

Sundar Rajan

Sundar Rajan

CA Inter

85

6

405

Doubt

Accountancy

answered on 14-May-22 15:59

If prepaid wages opening is 40 lacs and closing balance is 50 lacs.. And wages expense recorded in p&l is 800 lacs.. What is the cash paid.

latest answer

Cash Expenses = Expenses on Accrual basis â?? Prepaid Expenses in the beginning and Outstanding Expenses in the end + Prepaid Expenses in the end and Outstanding Expenses in the beginning

Shru Kanda

Shru Kanda

CA Inter

610

5

459

Branch accounts doubt

Accountancy

answered on 14-May-22 12:59

Why in illustration 8 stock reserve is not shown in outlet stock account

latest answer

Here the question is to determine profit/loss made by outlet considering wholesale price as cost to outlet.

Sahil walia

Sahil walia

CA Inter

5

1

435

Branch accounts doubt

Accountancy

answered on 14-May-22 13:00

How in illustration 7 in woking note 3 602750 is written fron where does it come.

latest answer

Addition to plant and machinery given in the question

Sahil walia

Sahil walia

CA Inter

5

1

429

Branch accounts doubt

Accountancy

answered on 14-May-22 14:01

Please tell collection from debtors entry in head office books and branch books.....there is no photo of this....i am just asking journal entry

latest answer

Yes he is a teacher. Admin represents Faculty

Sahil walia

Sahil walia

CA Inter

5

5

413

Sale by seller after property pass section30(1) Sale by buyer before property pass30(2)

Corporate & Other Laws

answered on 14-May-22 13:04

In section (30)1 Will the buyer have the right against the seller? Section30(2)in this section seller can sue the buyer For the sale of good,

latest answer

30(1) The first buyer will have right against the seller. 30(2) Yes. for price.

SHARMA MUKESH

SHARMA MUKESH

CA Inter

11K+

2

467

Branch accounts doubt

Accountancy

answered on 14-May-22 13:08

Why in illustration 14 goods are not shown at invoice price and stock reserve is created,, and why in closing stock 80%of 3000 is taken

latest answer

Since branch is not preparing and trading accounts etc. HO will prepare the P&L as if it itself has done the transactions. So all items are recorded at cost.

Sahil walia

Sahil walia

CA Inter

5

1

441