Debentures

answered on 03-Jun-24 16:05

Debentures can be issue and redeem in India at discount? Also point out relevant legal section on this.

latest answer

The Companies Act, 2013, does not explicitly prohibit the issuance of debentures at a discount. However, it is essential to follow specific provisions and guidelines: Section 53: Prohibits the issuance of shares at a discount, but it does not directly apply to debentures. Section 71: Governs the issuance and redemption of debentures but does not explicitly address the issuance of debentures at a discount.

Shubham .shubham

CA Inter

★ 885

1

52

Illustration 1

answered on 27-May-24 15:59

How did 20,000 be taken as depreciation? Of 20X2

latest answer

20,000 is the revised carrying amount for the next 5 years. On this the depreciation is calculated by deducting the scrap value

Shivashankar Jawai

CA Inter

★ 560

3

68

Journal Entry

answered on 27-May-24 15:06

1.What is the journal entry should be passed for loss of stock in Tally? 2. What should be the closing stock entry of trading account?

latest answer

In tally you can directly update closing stock in value. No need to pass journal entry. So loss / gain is automatically captured.

Snehashis Mohanty

CA Inter

★ 5

2

72

Top down test illustration 2

asked on 22-May-24 07:53

Why not carry the amount of smaller unit of CGU in the revised carrying amount?

latest answer

No answers yet!!

Shivashankar Jawai

CA Inter

★ 560

0

46

What are the most important chapters for accountancy-CA foundation

answered on 27-May-24 16:24

What are the most important chapters for accountancy-CA foundation

latest answer

Company Accounts Partnership Accounts Final Accounts Non Profit Organisations Single Entry

Dova Shaji

CA Foundation

★ 0

1

72

Amalgamation

answered on 20-May-24 13:57

How the goodwill of the vendor company should be incorporated in the books of the purchasing company in both the cases in the assets and liabilities taken over journal entry

latest answer

You will calculate goodwill separately and incorporate. If you have any specific question, pls share.

Samuel Sundar

CA Inter

★ 2K+

1

53

REDEMPTION OF DEBENTURES

answered on 20-May-24 13:57

WHEN ISSUING DEBENTURES AT PAR AND REDEEMING AT PREMIUM THE ENTRY WILL BE DEBENTURE APPLICATION A/C DR 1000 LOSS ON DEBENTURE AC DR 100 TO DEBENTURE A/C 1000 TO PROVISION FOR 100 PREMIUM ON REDEMPTION OF DEBENTURE A/C FROM WHERE DID THE ADDITIONAL AMOUT OF 100 CAME BECUASE AT ISSUE WE ARE ASKING FOR 1000 ONLY????

latest answer

We asked 1000 But we have to pay back 1100 So extra 100.

Prathmesh Kharul

CA Foundation

★ 6K+

2

86

Consolidated profit and loss account

answered on 19-May-24 19:08

In solution of these question, why is "production expenses" shown under "cost of raw materials consumed"?

latest answer

Thank you

Safa Saleem

CA Inter

★ 4K+

2

74

same video repeating

answered on 20-May-24 14:33

same video repeating in Framework for choosing Accounting Policies and Funtamental accounting suuptions

latest answer

Both are different videos. Please listen to the full video.

Sandesh

CA Inter

★ 0

1

71

Question

answered on 20-May-24 15:21

I can't understand Q3 (b) pls explain it

latest answer

There is a gap in the solution. Will upload a fresh video. Cashflow expected in Year 4 & 5 is 100 each. Cash flow expected in year 6 is 50. So total cash flow is 250. Balance amount to be written off = 100 Y4 write off = 100/250 * 100 = 40 Y5 write off = 100/250 * 100 = 40 Y6 write off = 50/250 * 100 = 20

Shivashankar Jawai

CA Inter

★ 560

1

69