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Redemption of Preference Shares
Accountancy
answered on 27-Apr-21 10:21
What are reasons (or) Purpose of Issuing Redeemable Preference Shares?
latest answer
A company may issue redeemable preference shares because of the following: 1. It is a proper way of raising finance in a dull primary market. 2. A company may face difficulty in raising share capital, as its shares are not traded on the stock exchange. Potential investors, hesitate in putting money into shares that cannot easily be sold, may be encouraged to invest if the shares are redeemable by the company. 3. The preference shares may be redeemed when there is a surplus of capital and the surplus funds cannot be utilised in the business for profitable use. 4. No dividend is required to be paid, if there is loss or no profit, whereas, interest is payable on debentures or loans even in case of loss.
Mahi Yadav
CA Inter
★ 0
1
607
Partnership Deed.
Direct Taxation
answered on 29-Apr-21 12:20
In connection with the admission of a new partner in a firm, the partners are writing their deed for the first time. Since the deed is preparing after 6 years of commencement of business, how could mention the clauses describing the futurity of the firm? Is there any problem preparing the deed of an existing firm in a newly attested deed? Is there any way we can change the terms into past tense?
latest answer
Pls consult a practicing CA/CS As communicated earlier, we do not provide consultancy services.
Balamurali Unnithan M S
CA Inter
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3
697
Individual module
Others
answered on 27-Apr-21 08:32
Fr ca foundation Individual module ?
latest answer
30 days before CA Foundation exams
Nivetharaman Raman
CA Foundation
★ 11K+
1
639
Partnership Deed.
Accountancy
answered on 29-Apr-21 12:04
In connection with the admission of a new partner in a firm, the partners are writing their deed for the first time. Since the deed is preparing after 6 years of commencement of business, how could mention the clauses describing the futurity of the firm? Is there any problem preparing the deed of an existing firm in a newly attested deed? Is there any way we can change the terms into past tense?
latest answer
Please consult a practicing CA with expertise in partnership - we do not provide consultancy services
Balamurali Unnithan M S
CA Inter
★ 3K+
4
669
Salary Arrear
Direct Taxation
answered on 27-Apr-21 08:30
If salary arrear received. That is taxed at the time of receipt or at the time of due.?
latest answer
Okei Thank You Sir.
Balamurali Unnithan M S
CA Inter
★ 3K+
3
605
AS 10
Accountancy
answered on 27-Apr-21 08:33
If Revaluation model is followed for some class of assets, whether cost basis model can be followed for remaining class of assets?
latest answer
An accounting policy must be followed for entire class of assets
Nivedha Balaji
CA Final
★ 9K+
1
678
Doubt on secondary distribution
Costing
answered on 27-Apr-21 11:00
If nothing is mentioned about the method of redistribution in a problem can we use any method or any specific method?
latest answer
Ok
Sri kanaga Varshini
CA Final
★ 3K+
2
604
Interest Paid on Hundi will be allowed as Deduction?
Direct Taxation
answered on 27-Apr-21 17:16
Amount borrowed on Hundi and deposited in the bank. Interest received on such deposit has been reduced by interested paid on Hundi....! Will this be allowed as Deduction?
latest answer
Interest paid on Hundi will not be deducted from the interest received from deposit from bank
Muqueet Ahmed
CA Final
★ 185
1
718
AS 14 can't find
Accountancy
answered on 26-Apr-21 20:05
Sir where is AS 14? I could not find Please help me..
latest answer
Its with amalgamation
Sai Teja
CA Final
★ 14K+
1
596
Redemption of premium amount
Accountancy
answered on 27-Apr-21 11:30
Can we cancel off the premium amount from securities premium account or only general reserve Because in the icai book it was cancelled from general reserve
latest answer
Okay thank you
akshaya polisetty
CA Inter
★ 510
4
764