Amalgamation

answered on 09-May-23 13:45

Should we have to eliminate mutual owings while calculating net assets computation?

latest answer

No. There are some problems where it is eliminated. General rule, no elimination

Naveen Vs

CA Inter

★ 470

2

237

Realisation Account

answered on 09-May-23 14:40

When the purchasing Co. Not agreeing to take then why we it is in available in Realisation account. Cash A/c they agree not to take so didn't considering in realisation account. In same way while making P.C calculation also we didn't consider both. But For Realisation account why we considered..? Please help

latest answer

Ok sir. thank you

Saravana Perumal

CA Inter

★ 3K+

11

326

When I was revision slow lecture then be understand every thing when increasing speed not understand any things

answered on 10-May-23 07:49

Sir

latest answer

Then watch as per speed that you are comfortable with.

Karan Yadav

CA Inter

★ 10

1

226

B List Contributories Question - Liquidation

answered on 09-May-23 18:51

Why X got share in March 15th liability of Rs. 19000, when he already got share in Feb 28th liability. Why twice? Please someone explain.

latest answer

X did not transfer the shares untill the date . X is liable as partly paid up shares ,X is still in A list contributory .. so he continues in liable

Rahul Chandramouli

CA Final

★ 600

3

850

Npo

answered on 09-May-23 01:34

It is opening entry ryt ..why did it appear on the cr side ?

latest answer

It is like a provision account, it is created so that it can be utilized in future, provision is a liability which is shown under reserves and surplus All liabilities account have cr balances only

Priyamvatha Parthasarathy

CA Foundation

★ 5K+

4

300

Adv alc sir I was completed 1 hour video in 3to 4 hou is my speed correct or I incres when I incre speed not able to summary hilighter and very bad hand writing sir and sir

answered on 09-May-23 11:00

S

latest answer

For theory Question Make short notes and revise frequently

Lkg Ydv

ACCA Professional

★ 915

5

267

AS-29

answered on 08-May-23 08:23

The Company’s sales tax assessment for assessment year 2014-15 has been completed on 14th February, 2017 with a demand of ` 2.76 crore. The company paid the entire due under protest without prejudice to its right of appeal. The Company files its appeal before the appellate authority wherein the grounds of appeal cover tax on additions made in the assessment order for a sum of 2.10 crore Can anyone please interpret the question here I don't get it.. clearly!!

latest answer

Thank you sir. Now I get it

Saravana Perumal

CA Inter

★ 3K+

5

569

Consignment Account

answered on 08-May-23 07:53

Dear Sir, As per Modern approach there are FOUR nature of accounts I.E ASSETS, EXPENSE, INCOME , LIABILITY&CAPIAL . My doubt is that What nature of account does CONSIGNMENT ACCOUNT belong to ?

latest answer

It captures both income and expense.

Thankachan Jimmy

CMA Inter

★ 0

3

261

Sir much time to sir solved internal reconstruction in exam time if q for 20 mark and very landy question

answered on 07-May-23 22:00

Advanced alc

latest answer

Yes it should be done by that much time

Karan Yadav

CA Inter

★ 10

3

303

Advance alc

answered on 07-May-23 16:50

Chapter reconstruction chapter 5

latest answer

Second entry is Sundry Shareholders Dr. 2000 To Bank 2000

Karan Yadav

CA Inter

★ 10

3

246