Presentation of Accounts

answered on 28-Mar-23 13:49

Companies prefer T format balance sheet or Vertical Balance sheet???

latest answer

As per Schedule III

Prathmesh kharul

CA Foundation

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Contra Entry

answered on 29-Mar-23 07:57

When we withdraw money from our account and deposited same in bank will it be contra entry???

latest answer

Then there will be two contra entries.. 1. When you withdraw from bank Cash ac To Bank 2. When you deposit to bank Bank ac To Cash ac

Prathmesh kharul

CA Foundation

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348

AS-11

answered on 28-Mar-23 13:52

Explain que. 3

latest answer

You cannot adjust cost of inventory.

Rifhat Khan

CA Inter

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269

Balance Sheet

answered on 28-Mar-23 05:55

For a balance Sheet in case i purchased a car for rs 50 lakh and taken a loan so balance sheet got tallied... Now the car will depriciate so asset will reduce what will be the impact on liability side???

latest answer

Profits will reduce. So capital would be lesser

Prathmesh kharul

CA Foundation

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251

Final accounts

answered on 28-Mar-23 08:10

What is the adjustment entry point no.3

latest answer

This will be posted in trial balance

jayesth Jain

CA Foundation

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328

Doubt in Balance sheet presentation

answered on 27-Mar-23 13:11

Where to show provision for doubtful debts in schedule 3 Balance sheet? Whether it should be shown in short term provisions or it should be reduced from trade receivable?

latest answer

Deduct from debtoes

Pravin Nesaraj

CA Inter

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292

Companies balance sheet

answered on 27-Mar-23 19:02

Please help me to do this

latest answer

which part are you finding difficulty in?

TITIR ADHIKARY

CA Foundation

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267

Triple column cash book

answered on 26-Mar-23 21:21

If cheque received and deposited but dishonured What is entry in triple coloumn cash book in Three column cash book ?

latest answer

When u issue the cheque the creditor will be debited and bank will credit if the same cheque was dishnoured bank will debit and creditor will be credit

Sai Vema

CA Final

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480

Buyback of shares

answered on 27-Mar-23 13:43

Face valve of shares bought back= 12,50,000 Face value of debentures issued for buyback of shares =3,00,000 Premium on the above said debentures =60,000 Face value of preference shares issued for buyback =2,50,000 Then what will be the amount to be transferred to capital redemption reserve ?

latest answer

https://youtu.be/xU1YYNfVoBQ

Gowshika LT

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Amalgamation of companies

answered on 26-Mar-23 22:19

Hi, can anyone help me to solve my doubt? Note [ see last pic] point (b) -> best ltd will take over the business of better ltd.., consideration -> allotment of shares in best ltd Is the above points relate to amalgamation in the nature of merger, if yes then, reserves and surplus of transferor company should be added with transferee Co ,right? Also in the books of transferee co, the difference between purchase consideration and payment made to shareholders should be adjusted in the reserves of transferee Co. Then, why this problem has been solved like below .

latest answer

Hearty thanks for your reply sir

Pravin Nesaraj

CA Inter

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