Forums
Authorised capital
Accountancy
answered on 29-Aug-21 14:30
(1)For example a company has authorised capital of rupees 50000 and its face value of each shares is 10 rs and has 5000 equity shares . now if a company wants to rise money from public ...including face value of rs 10 and premium rs 15 = 35â?¹ now can co. rise above 50000rs because 35Ã?5000=175000. (2) Is security premium included in authorised capital or excluded.
latest answer
It's ok
Shreesha .T.u
CA Foundation
★ 2K+
7
598
Shelf prospectus
Corporate & Other Laws
answered on 30-Aug-21 10:40
What does within one month prior mean? Atleast?
latest answer
It means anytime during month before the issue.
Aman Mahajan
CA Final
★ 19K+
3
840
MCQ
Maths & Stats
answered on 29-Aug-21 10:51
Explain attachment below 2â?¶= 64 how answer is 63
latest answer
Proper subsets a subset which at least contain one of the elements from the set. So no. of subsets for the given set is 2^6=64, but proper subsets will be 63 (excluding {}).
Rishi Kumar
CMA Inter
★ 6K+
1
519
GST on Freight- Reg
Indirect Taxation
answered on 30-Aug-21 10:12
Could someone enlighten me about the GST rate chargeable on freight by the supplier in case of intra state supply of goods, if goods are made available to our location by the supplier? Or Is the supplier allowed to collect GST along with freight amount (Rs.250/- in my case) at a rate of 18% (in my case)?
latest answer
In case freight charge is added to supply value provided in bill, then the GST would be charged on the freight charges at same rate as the rate of GST on the supplied value.
Saandra S Unni
CA Inter
★ 0
2
613
Books of accounts
Accountancy
answered on 29-Aug-21 12:56
If goods purchased for credit are recorded in purchase book, then Goods purchased for cash are recorded in which book. And explain with journal entries.
latest answer
It's ok. Pleasure is mine..!
Sai Dhanush Reddy
CA Inter
★ 160
19
829
Insurance claim for loss of profit
Accountancy
answered on 29-Aug-21 08:35
1. Sir what happens if idemnity period(5months) > total period of business disruption due to fire(6 months). Should we limit to calculate loss of profit for the period of indemnity(5months)? Even though the business disrupted(6months).
latest answer
Yes
Balaji R
CA Final
★ 20K+
1
458
Company accounts
Accountancy
answered on 28-Aug-21 21:16
Why have they given application money to be paid along with application money in the below attachment
latest answer
Ok sir
Soumya A
CA Inter
★ 20K+
2
511
Company accounts
Accountancy
answered on 30-Aug-21 08:20
What is the meaning of the 2nd point in the below attachment
latest answer
It is a concept of underwriting , basically when we have underwriters , any shortfall that if shares issued are undersubscribed underwriters will take it . For now understand this much for theory purposes, you will further understand this at Intermediate and Final level
Soumya A
CA Inter
★ 20K+
1
575
Realisation account
Accountancy
answered on 30-Aug-21 08:22
1.Can we directly put the realisable assets and liabilities value in this account ?
latest answer
First transfer all assets and outside liabilities to realization at book value and then it will get adjusted in business purchase account , if its partnership then as per details realize the assets and pay of liabilities direct entry is not allowed you have to show both transfer (at BV) and realizing
Prasanna Venkatesan
CA Final
★ 3K+
3
710
Returns
Indirect Taxation
answered on 28-Aug-21 19:26
GSTR 1 due date is 10th or 11?
latest answer
Thank you Sir!
Priyanka Udeshi
CFA L1
★ 14K+
11
550