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Amalgamation

Accountancy

answered on 04-Jul-21 22:10

Sir in amalgamation closing the books of selling company can we open investment in purchasing company and then transfer it to equity/preference share holders account?

latest answer

No

shankar narayanan

shankar narayanan

CA Inter

360

1

514

Preparation and presentation of financial Statements.

Accountancy

answered on 04-Jul-21 12:12

For calculation of Effective capital for schedule V purpose. Does paid up share capital includes preference share capital ?

latest answer

Yes

M Naresh

M Naresh

CA Final

3K+

1

544

TDS

Direct Taxation

answered on 05-Jul-21 20:31

Whether in box, point a to c - rate is 2% only or whether C has only rate 2%

latest answer

Thanks

Sathiya Bama

Sathiya Bama

CA Final

24K+

10

805

Stock reserve

Accountancy

answered on 04-Jul-21 21:41

Can we adjust stock reserve in trading account itself if there is no indirect Expenses or Only in profit and loss A/c ?

latest answer

It's convention to adjust at the end in Profit & loss A/c

M Naresh

M Naresh

CA Final

3K+

1

636

Turnover

Direct Taxation

answered on 04-Jul-21 06:45

Does the purchase and sale of securities in stock market on delivery basis come into the computation of turnover for the year to make the audit mandatory?

latest answer

If it is done as part of business and trading, then yes.

John Selvaraj

John Selvaraj

CA Inter

140

1

620

Exam preparation

Exams

answered on 04-Jul-21 10:08

When we prepare for exam, it is necessary to write answer in same to same para given in modules? , can we write answer in our own words. ? I know we have to write same para in case of definations and all. But i am not able to preapre same to same words from whole modules.It feels like mugup.

latest answer

Okey sir

Jiya T

Jiya T

CA Inter

10

4

763

Intrest on debenture

Accountancy

answered on 04-Jul-21 06:49

In operating activities in few questions taken intrest on debenture in few questions not taken... - why, clear me please. Thank you in advance ð???

latest answer

Interest on debentures is removed from operating activities and shown in financing activities. It is clearly explained in the lectures.

Triveni Patil

Triveni Patil

CA Inter

290

4

612

Tax paid

Accountancy

answered on 04-Jul-21 07:54

Show me calculations how come 195 and 195

latest answer

Yes got it sir thank you!

Triveni Patil

Triveni Patil

CA Inter

290

2

562

Investments

Accountancy

answered on 03-Jul-21 21:36

Can any one explain treatment of 3400in below attachment

latest answer

Thanks bro I just read that in case of income from sale of rights to be transferred to p&l account But forgotten to read exceptions to this rule.

Sairam Reddy

Sairam Reddy

CA Final

10K+

5

691

Nov 2020 -cycle 2 ques paper

Costing

answered on 09-Jul-21 16:22

Whether wt will part b is ans and whether I done correctly or not, I need ans for this

latest answer

Will you please share that whole question paper

Sathiya Bama

Sathiya Bama

CA Final

24K+

15

739