Forums
Amalgamation
Accountancy
answered on 22-Apr-23 17:16
In the nature of purchase What is the journal entry of statutory reserve ? (ex. Development Rebate Reserve, Investment Allowance Reserve, Export Profit Reserve) In the books of transferee and transferor company ?
latest answer
These are not transferred as such. It is only a notional entry passed by acquirer company.
Jiya T
CA Inter
★ 10
4
437
Pre and post incorporation profits
Accountancy
answered on 20-Apr-23 11:59
No clue abt finding turnover ratio .plss someone do n send
latest answer
Time ratio is 4:7 and given sales will go up 40% in post inc. Period so 7*140% = 9.8 I.e. sales ratio = 4:9.8
Reetikaa R
CA Final
★ 7K+
3
562
Doubt on insurance claims
Accountancy
answered on 19-Apr-23 22:14
How to treat the turnover marked in picture ?
latest answer
That's the interpretation of statement
sradha krishna sunil
CA Final
★ 5K+
2
335
Doubt on insurance claims
Accountancy
answered on 20-Apr-23 00:32
What do we add the fire fighting expenses?
latest answer
Firefighting expenses in a way helps to reduce the loss by fire also in case whereby it's not incurred the insurance company may reject the policy as "not trying to minimise the loss" Hence the firefighting expense are to be added That is it can be recovered form the insurance company
sradha krishna sunil
CA Final
★ 5K+
1
365
Debentures under dissolution
Accountancy
answered on 20-Apr-23 12:25
What should be the treatment of debentures under dissolution of partnership firm. It should treated as like any other liability and transfer to Realisation account.?
latest answer
You would not have debentures in a partnership firm as a liability
Saravana Perumal
CA Final
★ 3K+
1
334
Banking
Accountancy
answered on 19-Apr-23 13:24
CRR rate and SLR rate for may 23 exams?
latest answer
Thanks for the same sir
Dhivya Sriraman
CA Inter
★ 0
3
459
Fin stat
Accountancy
answered on 19-Apr-23 11:09
How come Uncalled liability on shares and other partly paid investments is a contingent liability
latest answer
Here the uncalled liability on shares is the un called capital on the investment made by us in another company so it will be considered as liability only the uncalled capital is called up so it's a contingent liabilitie
Reetikaa R
CA Final
★ 7K+
1
357
Schedule 3
Accountancy
answered on 19-Apr-23 10:19
The inner items of a head should also be in order ?? For eg : under current assets , inventories ,then Dr's, ....
latest answer
Its okay if you miss
Reetikaa R
CA Final
★ 7K+
1
325
Rectification of errors
Accountancy
answered on 19-Apr-23 13:26
Purchased goods from Ravi rs.15000 but entered into sales book Tell me the answer ?
latest answer
@vignesh have u understood the entry
Vignesh s
CA Inter
★ 3K+
4
503
Entry
Accountancy
answered on 19-Apr-23 03:15
Suppose I have a shop of electronics and i took a mobile from that will that be treated as DRAWINGS?? IF YES WHAT WILL BE THE ENTRY???
latest answer
Thanks dear
Prathmesh kharul
CA Foundation
★ 3K+
2
386