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AS20
Accountancy
answered on 03-Nov-20 11:09
How can we multiple with rs , we are supposed take no. Of shares as denominators? Question 2 of the indigolearn notes ?
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PArtly paid up
Swathi Krishna
CA Final
★ 8K+
1
754
Banking
Accountancy
answered on 03-Nov-20 08:39
Practical problems Question 6, where this did 2,00,000 come regarding provision?
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Income tax of Rs 200000 is to be provided for
Swathi Krishna
CA Final
★ 8K+
1
700
How did Institute come to this figure?
Accountancy
answered on 03-Nov-20 10:16
2297 from 2045 given in Question?
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On which concept you need clarity
Kumarjit Dey
CA Inter
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9
682
Banking
Accountancy
answered on 03-Nov-20 10:20
In this illustration 4 of the institute's textbook, Shouldn't the 25000 be deducted from the current account ? So wouldn't it become 945000?
latest answer
ARe you not able to trace back the values to the question?
Swathi Krishna
CA Final
★ 8K+
6
761
Banking companies
Accountancy
answered on 04-Nov-20 14:44
Will we be asked to prepare Balnce sheet? Or chances of P&L being asked is higher?
latest answer
Okay. I will keep this in mind , and practice Form B only. Thank you Sir.
Kumarjit Dey
CA Inter
★ 4K+
2
596
About Statutory Reserves
Accountancy
answered on 03-Nov-20 11:12
In a company's BS under Equity Shareholders Fund (ESF) comes a. Share Capital b. Reserves and Surplus Statutory Reserves like Export Profit Reserve and Investment Allowance Reserve form part of Reserves and Surplus. but above mentioned stat reserves aren't actually ESF in their truest forms, are they? if the company gets amalgated and taken over in nature of purchase, will those reserves be exhausted by being transfered to ESH's a/c like General reserves and P&L? No, right? They have to be incorporated in transferee's BS. My question is why are these reserves part of Equity Sh's fund if at the time of amalgation, the equity shareholders of transferor arent getting the benefits of these reserves?
latest answer
The transferee company does it by passing a book entry. The reserves of transferor company belong to shareholders.
Kumarjit Dey
CA Inter
★ 4K+
1
777
A Basic Query related to Amalgamation when in Nature of Purchase
Accountancy
answered on 02-Nov-20 20:56
Why is it that Export Profit Reserve (EPR) and investment allowance reserve (IAR) of Vendor company does not get the same treatment as General reserve which is transfered to Equity Shareholders a/c and diminished. The EPR and IAR of Vendor company appears under Reserves & Surplus of Purchasing Conpany Balance Sheet. What is the nature of these reserves and why are they appearing in transferee's BS? [Illustration 5, pg 5.14]
latest answer
Query solved myself. Solution in pg 5.13.
Kumarjit Dey
CA Inter
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2
864
AS 4
Accountancy
answered on 03-Nov-20 11:10
How is b(ii) adjusting event?
latest answer
Terms decided in March.
Swathi Krishna
CA Final
★ 8K+
1
943
Doubt in Service costing
Costing
answered on 04-Nov-20 20:10
I didn't understand why and how they have converted the weight % into ratios/times... (In last page, working note) Please clarify my doubt sir
latest answer
Thank you sir
Sri Ram prassad
CA Inter
★ 2K+
2
732
Query
Exams
answered on 02-Nov-20 19:23
If my area comes under containment zone what is my situation now Also if at the time of exams if my area comes under containment zone whats my situation Even the other two questions are also same with respect to examination centre
latest answer
Till now in such cases, exams will not be conducted in those centers. Still we need to wait for clarity from ICAI
Prasanth Kumar
CA Inter
★ 13K+
1
796