Forums
charge on assets
Corporate & Other Laws
answered on 12-Apr-24 09:37
Mam if the asset subjected to charge is sold then will the company be free from repayment of loan which was raised on such charge
latest answer
charged assets or undertakings will be treated as unsecured at the time of winding up. Further, a charge is void as against a creditor as well, unless it is registered. Thus, where a subsequent charge is created on an asset and registered, the first charge will not be of any consequence.
Manjunanth a
CA Inter
★ 0
1
315
Rectification of Balance sheet in
Accountancy
answered on 15-Apr-24 19:00
Sir, How shall we rectify the balance sheet if we didn't consider any adjustment, and remembered during the balance of the balance sheet ? Either we need to strike off the old one. And write again ? Or any remedy for that ?
latest answer
Just strike off the incorrect number and write the correct one.
Jashvanth.K
CA Inter
★ 11K+
1
190
Journal entry for preference dividend
Accountancy
answered on 15-Apr-24 19:13
Why we shouldn't write entry for preference dividend that Preference shareholders a/C dr To equity share capital a/c
latest answer
because it is not yet provided for. first we need to provide for the dividend.
sitaram kollepara
CA Inter
★ 2K+
1
167
Financial instruments-illustration 13
Financial Reporting
answered on 15-Apr-24 19:31
in C point of question if it is repayable when funds are suffcient means there is no SPPI ( Prinicipal and interest) . So we can recognise 10,00,000 as equity know sir .. Why we nee to estimate the repayment date and measure accordingly
latest answer
unless you can prove that it will not be repaid.
M Naresh
CA Final
★ 3K+
1
264
Marginal Relief
Direct Taxation
answered on 13-Apr-24 03:30
Qus No. 9 How the answer is option (c)?
latest answer
Correct
Soon to be CA
CA Inter
★ 4K+
3
409
Initial Recognition of Finance Lease by Lessor
Accountancy
answered on 15-Apr-24 19:15
Hi sir, hope you're well In lessee's POV, we capitalize asset at lower of FV and PV of MLP. Why do we straight away take net investment as capitalized value here for lessor? Thanks
latest answer
For the lessor the net investment in lease captures all the present values of future benefits.
Devaprasad Jothimani
CA Inter
★ 0
1
287
FVTOCI Subsequent Recognition
Financial Reporting
answered on 15-Apr-24 19:30
sir, Metallics Ltd sum The Fair value given on 30 th June 20X1 has incorporated in journal entry, Are we supposed to remeasure at intermediary dates apart from balance sheet sir . Under FVTOCI Fair value changes should be adjusted only at balance sheet date only know ?
latest answer
can be considered as Interim period end
M Naresh
CA Final
★ 3K+
1
162
AS 12
Accountancy
answered on 15-Apr-24 19:14
Illustration 4, b) how come the salary expense account got credited...
latest answer
In real life expense account can have a credit balance.
Vijay K
CA Inter
★ 9K+
3
287
CFS
Accountancy
answered on 11-Apr-24 11:10
In MTP the answer is different and in book the answer is different what is the correct method sir
latest answer
Okay
shanthini hariharan
CA Inter
★ 10K+
2
341
Doubt regarding IRR concept
Financial Management
answered on 07-May-24 13:38
Aditya sir, in u r classes u done all IRR problems w.r.t time line, can we done with IRR formula also in exam, becz same answer is coming via time line concept and IRR formula..?? Plz reply me sir
latest answer
Hi sowjanya, I have doubt regarding replacement decision, shall we discuss once, if you don't have problem, please text me and my contact number is 8310936150
leela sowjanya
CA Final
★ 10
3
313