Accounting type Question: When investment in private debentures is cancelled then this profit/loss is credited /debited to A. Debenture Redemption fund A/c B. General reserve A/c C. Capital reserve A/c D. Any of the above A/c

Accounting type Question: When investment in private debentures is cancelled then this profit/loss is credited /debited to A. Debenture Redemption fund A/c B. General reserve A/c C. Capital reserve A/c D. Any of the above A/c

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: (a. investment banking b. insurance firms c. commercial banking d. mutual fund e. pension fund)…

A: The correct answer is commercial banking as banks are the transformer of short term liabilities to…

Q: This is a term to describe non-physical assets like stocks and bonds that get their value from…

A: Non-physical assets are intangible resources that a company or individual owns. These assets do not…

Q: Required information [The following information applies to the questions displayed below.] Data…

A: The costs of service departments are allocated to the operating departments because they exist to…

Q: Please answer with reason for all why the option is correct and why the other options are…

A: The correct option is C. Share application account.Explanation:When money is received at the time of…

Q: Accounting: type question:, Which of the following items is not taken in profit and loss…

A: Profit and loss appropriation accounts show the distribution of profit and loss. It is prepared…

Q: Accounting type Question: Sale of long term investment indicates: A. a change in current assets B.…

A: Fund flow statement is a statement prepared to know the reason for change in the financial statement…

Q: Which of the following is NOT a component of Accumulated Other Comprehensive Income? A. Gains or…

A: Other comprehensive income (OCI) includes any unrealized gains or losses from sources of funds from…

Q: In applying the equity method of accounting for an Equity Investment, profit on intercompany sales…

A: Explanation: Equity method: The equity method is an accounting method that is to be used to record…

Q: Your answer is partially correct. Prepare all entries required for 2024, including recognition of…

A: FV-NI stands for "Fair Value through Net Income." Accounting for securities under FV_NI is a method…

Q: Accounting type Question: Bonus shares cannot be issued out of: A. Profit and Loss a/c B. Capital…

A: Bonus shares are issued by cashing in on the free reserves of the company. The assets of a company…

Q: a. Securitization b. liquidation c. notarization d. intermediation) is an example of bank…

A: Option a is the correct answer

Q: a) Prepare the journal entry to record Sarasota's investment in Washi. Assume that any unexplained…

A: Introduction: - Journal entry is the first stage of accounting process. Journal entry used to record…

Q: Collateral may mean the acquisition of rights over either assets belonging to a borrower and/or the…

A: Collateral is a financial concept that involves using assets as a form of security in lending and…

Q: Which of the following is not a source of funds for immediate liquidity purposes? Question 9Answer…

A: The correct answer is "Proceeds from an IPO"Initial Public Offering is the issue of shares by the…

Q: please fill the empty spot from the acco

A: Introduction:- Preparation of the entries to record Novak's purchase of the bonds on January 1,…

Q: nvesting activities do not include cas

A: Investing activities refer to the acquisition and disposal of long-term assets and investments that…

Q: Which of the following is not an undistributable reserve? A. Share premium account B.…

A: Undistributable reserve means reserves which are not available for distribution to share holders.…

Q: One of these components is not included in the current asset of an organisation. O A. Short term…

A: Current assets include those assets that a company can convert into cash within a year. Current…

Q: For each case of a financial asset that is not related to one another, explain (must be accompanied…

A: Step 1 Financial assets are the assets which have the following characteristic Contractual…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Meaning of Debenture redemption reserve:

VIEW

Step 2: Correct option and its explanation:

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

choose from the following accounts: Accumulated Other Comprehensive Income Allowance for Investment Impairment Bond Investment at Amortized Cost Cash Commission Expense Dividends Receivable Dividend Revenue FV-NI Investments FV-OC|Investments Gain on Disposal of Investments - FV-NI Gain on Disposal of Investments - FV-OCI Gain on Sale of Investments GST Receivable Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associate Investment Income or Loss Loss on Discontinued Operations Loss on Disposal of Investments FV-NI Loss on Disposal of Investments FV-OCI Loss on Impairment Loss on Sale of Investments No Entry Note Investment at Amortized Cost Other Investments Recovery of Loss from Impairment Retained Earnings Unrealized Gain or Loss Unrealized Gain or Loss - OCI
describe how non-cash investing and fi nancing activities are reported
In practice, which one of the following factors plays the most important role in the distribution of funds in case of liquidation? Bargaining power Absolute priority rule Type of obligation (secured or unsecured) Collateral
choose from the following accounts: Accumulated Other Comprehensive Income Allowance for Investment Impairment Bond Investment at Amortized Cost Cash Commission Expense Dividends Receivable Dividend Revenue FV-NI Investments FV-OC|Investments Gain on Disposal of Investments - FV-NI Gain on Disposal of Investments - FV-OCI Gain on Sale of Investments GST Receivable Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associate Investment Income or Loss Loss on Discontinued Operations Loss on Disposal of Investments FV-NI Loss on Disposal of Investments FV-OCI Loss on Impairment Loss on Sale of Investments No Entry Note Investment at Amortized Cost Other Investments Recovery of Loss from Impairment Retained Earnings Unrealized Gain or Loss Unrealized Gain or Loss - OCI
show you work which of the following is not correct in regard to trading investments? a. They are held with the intention of selling them in a short period of time. b. Unrealized holding gains and losses are reported as part of net income. c. Any discount or premium is nott amortized d. All of these answer choices are correct.
None
Please answer with reason for all why the option is correct and why the other options are incorrect