Answer Posted / mihir vankani

If the board of directors feels that in future the company
may not need the share capital which is not yet called up,
the company may pass a special resolution in the general
meeting of the shareholders stating that it will not demand
for the uncancelled amount on shares unless and until the
company is liquidated. This particular amount of
uncancelled share capital in this case is known as RESERVED
CAPITAL.

If we consider RESERVED CAPITAL from the view point of
creditors, it becomes a very big security. But from the
view point of the shareholders, this may be considered as a
liability. Offcourse, the amount is not called up till the
company's liquidation; thus, so far shareholders are not
worried.

THERE MUST BE A PROVISION IN THE ARTICLES OF ASSOCIATION OF
A COMPANY REGARDING RESERVED CAPITAL.

Lets talk about CAPITAL RESERVE now. Capital reserve is a
fund created from a special type of profit. Plz note that
revenue profit is NOT considered a part of this one.
Capital reserve examples are as follows:

1. Share premium received for issuing shares at premium.

2. Debenture premium

3. Profit realised after revaluation of company assets.

Normally, capital reserve is utilised to write off
fictitious assets.

what is controlership?

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ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form

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if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?

1984

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how to calculate stt

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I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1804

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Is WCT paid to be considered as overhead during costing in construction firm?

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Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir

1899

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what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form

4223

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How and by whom the Percentage of Depreciation is fixing?

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What is specific reserve

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Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return

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what do u mean by comparative budget?

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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

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Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com

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what is the frienge benefits tax?what is usefull?

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