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INTERNAL RECONSTRUCTION
Accountancy
answered on 11-May-23 22:02
Is the treatment for adjustment no. viii regarding continent liability is correct?? Is there any such account as continent liability?
latest answer
Ok sir thanks
James Js
CA Inter
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6
331
Amalgamation
Accountancy
answered on 11-May-23 14:32
At one point it is given debit all asset acquired except goodwill but in Q8 why they have considered goodwill for net asset
latest answer
goodwill is existing in the balance sheet.
Gauri Shete
CA Final
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1
354
Amalgamation
Accountancy
answered on 11-May-23 14:33
What is meaning of ponint 3 any example
latest answer
That is for inter company holdings. Not relevant at inter.
Gauri Shete
CA Final
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1
256
RECTIFICATION OF ERRORS
Accountancy
answered on 11-May-23 14:34
Sir why is SALES A/C.......DR instead of cash A/C??? Because selling furniture we will get cash and cash a/c should be debited right???
latest answer
Correct entry Cash A/c Dr. To Furniture A/c Wrong entry passed Cash A/c Dr. To Sales So reverse the impact of sales, we debit sales. SInce cash account is already debited, there is no need to debit it again
Prathmesh kharul
CA Foundation
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1
282
Accounting concepts
Accountancy
answered on 14-May-23 04:36
The concepts of conservatism, when applied to the Balance Sheet results in understatement of assets?
latest answer
Yes it will apply on b/s assets Suresh Did u understood ❓ the concept of conversation Or do you want to explain❓
Nidhi S
CA Inter
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2
358
Liquidation illu 9
Accountancy
answered on 10-May-23 22:23
Tax for 2-3 taken as preferential creditor is okay...but how yr 1-2 tax raised qithin 12 months
latest answer
Assesment concluded in July 20x3 .. year changed
Gauri Shete
CA Final
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1
295
Buy back
Accountancy
answered on 10-May-23 22:18
If Loan funds to be taken for computing Debt equity Condition Loan fund also...should we want to take other current liabilities also...?
latest answer
As u think. But tell in that notes
Saravana Perumal
CA Final
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1
274
Liquidation remuneration
Accountancy
answered on 10-May-23 18:51
If a liquidator's remuneration is 3% on asset realised. And if there is an asset (ex: Machinery) which was secured by any mortgage loan of 100000. If the asset realised for 125000 then, 1 lakh will be taken by mortgager balance 25000 will be to liquidator statement. Now the liquidator remuneration will be on 125000 or 25000 ? Kindly help
latest answer
125000
Saravana Perumal
CA Final
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4
391
Liquidation
Accountancy
answered on 10-May-23 19:02
Please explain How unsecured creditors 25000 What is over riding preferential creditors.
latest answer
Thank you
Saravana Perumal
CA Final
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2
318
As2 fifo method, calculation of profit or loss
Accountancy
answered on 10-May-23 13:55
Sales 4725000,general overheads-125000,op stock 100000 @15,purchase 200000@14.25,purchase 100000@15.15, clo.stock 130000. Kindly help me solve the problem
latest answer
Closing stock should be valued using 15.15.
bhagya sundar
CA Inter
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1
335