Forums
Share capital and debenture
Corporate & Other Laws
answered on 27-Oct-23 01:26
.........Which option is correct?
latest answer
Option c Ramesh ka confirmation jaruri h
Ashish Jha
CA Inter
★ 45
2
336
treatment of issue of 30 million shares
Financial Reporting
answered on 27-Oct-23 07:23
Cost of issue of shares shall be recognised in accordance with Ind AS 32 and Ind AS 109. In the question attached here it is mentioned that Rs 200000 is cost of issue of shares I am not able to understand where this amount is adjusted. Question starts as On 1st April 20X1, Johansen Ltd, acquired new subsidiary, Bosman Ltd
latest answer
For business combination accounting , these costs are expensed
swaminathan sundaram
CA Final
★ 110
1
493
Accounts from incomplete records
Accountancy
answered on 27-Oct-23 17:27
Practical question no 6 I'm not getting how opening balance of cash is divided into cash and bank in the question they have gaven together
latest answer
Thank you sir..
Dileep C R
CA Foundation
★ 0
11
534
Analysis of financial statement
Financial Reporting
answered on 27-Oct-23 11:31
I am attaching mock test paper taken from CA institute website. Question 1 a) Deepak started a new company Softbharti Pvt Ltd with Iktara Ltd. In this question dividend recommended Rs 15000 is initially deducted from reserves and surplus and added to current liabilities. When I rectify this I have deduct the dividend amount from current liability and add it back to reserves and surplus. When I see the solution dividend is deducted from current liabilities but I am not able to see adding dividend back to reserves and surplus. System is slow here so I am not able to attach the solution. Kindly help me in understanding this
latest answer
You need to add back to reserves and surplus.
swaminathan sundaram
CA Final
★ 110
1
479
Self paced online modules
Others
answered on 27-Oct-23 00:25
Is any one having any idea about from when will the self paced online modules exams will start for ca final students.?
latest answer
I think ICAI will issue notification regarding this.
Eswar K
CA Final
★ 125
3
353
Cost of capital (illustration 18)
Financial Management
answered on 26-Oct-23 18:40
Please Explain those two questions.
latest answer
C) capital investment before issue of equity shares = ? Retained earnings given as 50% of 2.36 = 1.18 per share for next year .... Qn is Without issuing equity shares , how much can company spent from retained earnings.. R.E ( 2017 ) = 1.18 * 10,000 share = 11,800 (80% of total invt ) 100 % of equity (r.e) = 11800/80% = 14750
Nagaraju Konerolu
CA Inter
★ 3K+
1
424
Ratio Analysis
Financial Management
answered on 26-Oct-23 16:45
in illustration no : 3 closing stock of raw material and finished goods is not shown in P&L account any reason behind that ?
latest answer
When you calculate cost of goods sold or raw material consumed opening and closing stock get automatically accounted
Jayanth
CA Final
★ 6K+
4
364
Audit and auditors
Corporate & Other Laws
answered on 26-Oct-23 20:56
In this for subdivision ii why its written as 5lakh is that correct or is it 1lakh!? For relative holding shares in company maximum limit is 1 lakh but here given as 5 lakh!?
latest answer
Yeah thank you
Ramya Navanitham
CA Final
★ 75
4
362
Supply
Indirect Taxation
answered on 26-Oct-23 13:46
Club n members are separate Pls explain its relevance with doctrine of mutuality
latest answer
Thank u
Sushmita Chowdhury
CA Inter
★ 2K+
2
484
Tds
Direct Taxation
answered on 06-Nov-23 13:57
What is the answer for question c
latest answer
Apply Section 194R.
KOWTICA VIKAS
CA Inter
★ 85
12
419