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Redemption of preference shares

Accountancy

answered on 03-Jul-21 14:46

Sir in both the questions they didn't seperately specifies the share application amount but there is difference in the entries sir? Can I write the entry bank. a/c dr. 37500 To equity share capital a/c. 31250 To securites premium a/c 6250

latest answer

From p&L a/c

Likhitha Sivani

Likhitha Sivani

CA Final

14K+

4

560

wagering

Corporate & Other Laws

answered on 04-Jul-21 06:55

is intraday trading in cash segment and futers and options are they considered as wagering transaction . since in India we have t+2 settlement in cash segment is intraday transation wagering transation void......

latest answer

It is not a wagering transaction. You may not take delivery but there is a contract to buy or sell.

Shreesha .T.u

Shreesha .T.u

CA Foundation

2K+

1

570

GST course

Indirect Taxation

answered on 03-Jul-21 07:32

There is a GST course for GST in inter (38 hours) and another in Final for 100 hrs. Want to know whether there is any overlap in above two GST modules

latest answer

yes some topics are common

John Selvaraj

John Selvaraj

CA Inter

140

1

615

NI act 1881Holder in due course

Corporate & Other Laws

answered on 03-Jul-21 19:23

If S (fake person) induces as 'S' and draws bill on B. He endorses to C for consideration. C again endorses to 'S'(orginal person). Can S claim the Amt from B ? Mam .

latest answer

Yes (Sec 42 of NI Act)

Naresh M

Naresh M

CA Final

75

1

588

Cost sheet

Costing

answered on 03-Jul-21 13:04

If question is sclient whether administration overheads is related to production or related to general administration Then what we have to assume

latest answer

Ok thank you

Sairam Reddy

Sairam Reddy

CA Final

10K+

2

645

Redemption of preference shares

Accountancy

answered on 03-Jul-21 10:16

Sir in this sum we have to calculate number if shares for fresh issue with the face value share na sir i.e., with â?¹50 but why they divided with â?¹60 sir which includes premium?

latest answer

Sir pls once check my recent post on hire purchase plzz sir

Likhitha Sivani

Likhitha Sivani

CA Final

14K+

9

633

Income from capital gains

Direct Taxation

answered on 02-Jul-21 23:33

180000 how??

latest answer

Ok tq very much

Aswini Gorige

Aswini Gorige

CA Inter

7K+

2

569

Financial statements of companies

Accountancy

answered on 03-Jul-21 19:49

What is the rate of corporate dividend tax? 15% only or any changes have been made?

latest answer

Then rate will be given. Students are not expected to know old provisions.

Triveni Patil

Triveni Patil

CA Inter

290

3

607

As 10 PPE

Accountancy

asked on 02-Jul-21 20:50

Sir we are exchanging The PPE , If the transaction do not have Commercial substance but we can Measure FMV of asset given or taken How can we account sir ?

latest answer

No answers yet!!

Naresh M

Naresh M

CA Final

75

0

483

Dividend

Corporate & Other Laws

answered on 02-Jul-21 19:32

Here fully paid up bonus shares is mentioned. Does that mean that paying up call money on shares can be done in lieu of dividend?

latest answer

No. The section is very clear Dividend shall be paid in cash / cheque only. The parah is in Italics is loosely frames, you should refer, parah immediately above it starting with Note

Aman Mahajan

Aman Mahajan

CA Final

19K+

1

623