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Negotiable instrument act
Corporate & Other Laws
answered on 30-Apr-24 17:10
Have I need to watch all the classes which are available for 14 hours ?? All The topics given is not in study material that's why I'm asking
latest answer
Will review and update on this by 2nd May.
Ajitha Palaniyappan
CA Foundation
★ 0
2
301
Equity reserve
Financial Reporting
answered on 29-Apr-24 15:38
If employees have forefeited right to equity, why do we still show it as liability? What reserve is it usually transferred to in such cases?
latest answer
IF forfeited - FOr liability - will be transferred to PL for equity - will be retained under equity as other equity
Dhvaritha Ravishankar
CA Final
★ 7K+
1
191
If we prepare balance sheet on this question do we need to adjust the discount, provision?
Accountancy
answered on 30-Apr-24 17:09
While preparing balance sheet what is the effect on debentures issued at a discount of 5%? Should we adjust all those adjustments at agreed value in balance sheet? What is effect of 15000 new shares issued at premium?
latest answer
You have to consider all new debentures while preparing balance sheet.
Aswathi Aji
CA Inter
★ 1K+
1
293
Amalgamation
Accountancy
answered on 29-Apr-24 20:02
How to identify which method to use for finding purchase consideration?
latest answer
its based on the information provided
Aswathi Aji
CA Inter
★ 1K+
3
317
Ca inter accounts Amalgamation
Accountancy
answered on 29-Apr-24 19:06
How to identify the type of amalgamation (meger or purchase ) from the questions??
latest answer
Generally given in question. The best hint is all assets and liabilities are taken over at book value. If all conditions are satisfied, then merger else purchase. If question is not clear, you can make an assumption and solve.
Aswathi Aji
CA Inter
★ 1K+
1
324
For ca inter studymaterial doubts
Accountancy
answered on 29-Apr-24 06:13
Hello everyone can I ask here any doubts related to ca inter all subjects ?
latest answer
Yes
Badal Kumar
CA Inter
★ 0
1
300
Study guide for inter Sept2024
Others
answered on 29-Apr-24 09:51
Hello everyone please guide me to which subject should I start first and next further
latest answer
Begin with practical paper
Badal Kumar
CA Inter
★ 0
1
323
Accounting on consolidation of associates where unsold inventory in hand parent sold by associate at margin
Financial Reporting
answered on 29-Apr-24 15:45
As in the question 35, scenario 1, where the inventory sold by associate to the parent. The profit of 16000 is to be reversed in the consolidated books. Then as in the image for the entry of the reversal. I understood that inventory is credited for removing the profit element in the conso inventory. But the debit side, is it actually increasing the investment value? Already the investment's share of profit is included with the same profit that is sold to the parent. Pls help me understand the same
latest answer
Debit side is loss which will be recognised in P&L reducing overall profit.
Visakh Sabu
CA Final
★ 20K+
1
334
Accounting of investment in associates
Financial Reporting
answered on 29-Apr-24 18:42
In question 33 and in general, for the accounting of associates, in the CFS the assets and liabilities are not considering only the investment value is retained. At the time of investment if any goodwill arise out of revaluation of any PPE, why does the parent need to account for an additional depreciation in the books. Why can't it be taken as just cost and add the subsequent profits only?
latest answer
When we follow equity method of accounting, we recognise our share of net assets in associate. The net assets are shown at fair value. Hence indirectly, we have recognised them at fair value. Hence additional depreciation provided.
Visakh Sabu
CA Final
★ 20K+
1
176
Sources of Sustainable Growth
AFM
answered on 28-Apr-24 21:37
An excerpt from the ICAI study material reads, "Growth can come from two sources: increased volume and inflation. The inflationary increase in assets must be financed as though it were real growth. Inflation increases the amount of external financing required and increases the debt-to-equity ratio when this ratio is measured on a historical cost basis. Thus, if creditors require that a firm's historical cost debt-to-equity ratio stay constant, inflation lowers the firm's sustainable growth rate." Can you please provide an explanation to the above or further elaborate on it?
latest answer
Makes so much more sense now. Thank you for the response :D
Ruthvik Reddy Adala
CA Final
★ 5K+
5
372