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Doubt
Accountancy
answered on 27-Nov-20 15:35
Sir how to calculate sacrificing ratio in example 1 because they have not given any new rations
latest answer
OK sir thank you sir
sai t
CA Foundation
★ 2K+
3
656
Treatment of Transferor company's Statutory Reserves in Amalgamation
Accountancy
answered on 27-Nov-20 15:21
In Transferee's book (merger): Add them to reserves & surplus In Transferee's book (purchase): pass this entry Amalgation Adjustment Reserve a/c dr To Statutory Reserve a/c In books of Transferor: Adjust with Equity Shareholders Account just like General Reserve, Accumulate losses in both cases (merger and purchase) Am I right?
latest answer
Yes
Kumarjit Dey
CA Inter
★ 4K+
1
1K+
Trader
Indirect Taxation
answered on 27-Nov-20 02:06
Trader of pan masala, edible oil, aerated water, tobacco, ice cream can avail composition scheme????
latest answer
Hello, appearing for group 2 as well?
Kv Charan
CMA Final
★ 4K+
2
708
The Infamous Lucky Ltd sum
Accountancy
answered on 27-Nov-20 18:03
Sir, shouldn't the "Compensation expense of the year" be divided by 3, instead of 2, Because its being vested over period of 3 years?
latest answer
Oh ok. Conditional vesting. I will keep that in mind :
Kumarjit Dey
CA Inter
★ 4K+
4
615
Can you please tell which provision of the Contract Act will apply here?
Corporate & Other Laws
answered on 26-Nov-20 20:48
Mr Ramesh sold 15 acres of his agricultural land to Mr Amit on 10th October 2019 for â?¹40 Lacs. The property papers mentioned a condition, amongst other details, that whosoever purchases the land is free to use 13 acres as per his choice, but the remaining 2 acre has to be allowed to be used by Mr Rahul, son of the seller for carrying out farming or other activities of his choice. On 1st November 2019, Mr Ramesh died, leaving behind his son and wife. On 4th November 2019, purchaser started construction of an auditorium on the whole 15 acres of land and denied any land to the son. Now Mr Rahul wants to file a case against the purchaser and get a suitable redressed. Discuss the above in the light of provisions of the Indian Contract Act, 1872 and decide upon Mr Rahulâ??s plan of action?
latest answer
Ok thanks.
Aman Mahajan
CA Final
★ 19K+
4
790
Why is profit on cancellation of debentures
Accountancy
answered on 26-Nov-20 19:07
Transferred to Capital Reserve account instead of profit and loss account? Please see attached.
latest answer
Okay.
Kumarjit Dey
CA Inter
★ 4K+
2
733
Sa 230 Audit Documentation
Auditing
answered on 26-Nov-20 19:00
Wanted to understand from the line " provided such disclosure does not undermine......" if an auditor on his discretion share copies... I understood that it should not undermine the validity of work performed but how can sharing the copies undermine his work and the validity?
latest answer
It undermines independence.
Kaveesh Sethi
CA Inter
★ 2K+
1
825
Buy Back Query
Accountancy
answered on 27-Nov-20 16:46
What will be the amount of Total Loan Funds for the purpose of Debt Equity Ratio Test? My answer is 4525000. Author has done mistake in solution. Can you please confirm?
latest answer
Your confirmation is what I was looking for. Thank you
Kumarjit Dey
CA Inter
★ 4K+
2
847
Question paper
Exams
answered on 26-Nov-20 19:03
What are the questions paper I should practice other than icai Rtp and past question paper?
latest answer
That is sufficient.
Vani
CA Foundation
★ 2K+
1
748
Audit procedure on material items
Auditing
answered on 26-Nov-20 18:59
Sir we select material items from population in which items are in form of equal chance of selection then, we select sample size from material items ,on which we can apply our audit procedure,but auditor Openion is on population , not only material items , this statement is true or not please tell me
latest answer
Opinion is on all items.
DEEP VICKY
CA Final
★ 685
1
618