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Riya Verma
Subject: Accountancy
, asked on 23/1/18
Plz answer quickly..why interest paid by a finance company is considered as operating activity? As dividend paid is considered as financing activity similary debt also is a source of finance and affects capital so interest paid should be considered as financing activity.
Answer
2
Ambareesh
Subject: Accountancy
, asked on 22/1/18
Pls answer na !
Q. There is a 12 % debentures (current year value = 100000 and previous year value is 60000) and in additional information it has been stated that "debentures were issued on 01.04.2015".. so, is there anything to do with that adjustment or straight away can we calculate issue as 40000 and interest as 12000 and post it in respective accounts...??
Answer
4
Riya Verma
Subject: Accountancy
, asked on 22/1/18
Plz answer quickly...If outstanding expense is written off then does it affect the p/l a/c or just the balance sheet? If yes then explain with journal entry
Answer
3
Riya Verma
Subject: Accountancy
, asked on 22/1/18
How proposed dividend a+c is made when dividend paid is given in the adjustment even if the amount of past and current yea is given in the balance sheet? Plz explain with the journal entry
Answer
1
Riya Verma
Subject: Accountancy
, asked on 22/1/18
What is the difference between dividend made and dividend paid
Answer
1
Riya Verma
Subject: Accountancy
, asked on 22/1/18
What is meant by closing balance of p/l a/c ? Does it include past years profit as well?
Answer
1
Riya Verma
Subject: Accountancy
, asked on 22/1/18
What is meant by opening balance of profit and loss account Does it includes the surplus amount retained after paying salaries commissions and dividend to shareholders ?
Answer
1
Riya Verma
Subject: Accountancy
, asked on 22/1/18
What is the entry passed when proposed dividend is written off
Answer
1
Riya Verma
Subject: Accountancy
, asked on 22/1/18
When treasury bill gets matured it has no effect in the cash flow statement so the amount which we show , does it includes the interest amount as well ?
Answer
1
Riya Verma
Subject: Accountancy
, asked on 22/1/18
What entry is passed when we transfer proposed dividend in the p/l a/c and b/s as well as in the case of write off?
Answer
1
Riya Verma
Subject: Accountancy
, asked on 22/1/18
Proposed dividend is shown as current liabilities in balance sheet but why do we show in p/l a/c?
Answer
1
Riya Verma
Subject: Accountancy
, asked on 21/1/18
Why insurance claim on the loss of goods by fire is deducted in extraordinary items in case of operating activities?
Answer
2
Riya Verma
Subject: Accountancy
, asked on 21/1/18
Why do we add proposed and interim dividend in cash flow statement as we have already paid them as there is actually outflow of cash?
Answer
3
Riya Verma
Subject: Accountancy
, asked on 21/1/18
Why do we take the difference between opening and closing balance of p/l a/c in cash flow statement?
Answer
4
Riya Verma
Subject: Accountancy
, asked on 20/1/18
Why treasury bills matured does not have any effect on cash flow statement? As we get interest along with principal amount so it should treated as cash inflow?
Answer
2
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Q. There is a 12 % debentures (current year value = 100000 and previous year value is 60000) and in additional information it has been stated that "debentures were issued on 01.04.2015".. so, is there anything to do with that adjustment or straight away can we calculate issue as 40000 and interest as 12000 and post it in respective accounts...??