Amalgamation

answered on 10-May-23 16:40

As per the noteinter company owning...no attention to be paid to fact of inter company owning at bisiness purchase entry so in suggested answer of mock sep 2022 why 15000 of inter company owning deducted frm bills payable of white lyd and bills receivable of black

latest answer

This tricky adjustments you should note down and thoroughly revise.

Gauri Shete

CA Final

★ 4K+

6

451

Weighted Average no. of Shares

answered on 19-Feb-23 23:42

Why Re-acquired shares were subtracted ?

latest answer

Thanks Sandeep Kumar

Prethivi Rajan

CA Final

★ 9K+

3

401

AS 20

answered on 19-Feb-23 23:43

In EPS for year 20X2 , How 3/12 and 9/12 taken ? Kindly explain.

latest answer

Thanks Sandeep

Prethivi Rajan

CA Final

★ 9K+

2

313

AS10

answered on 20-Feb-23 14:22

For cost basis model under AS 13 , AS 10 will apply . Wat does it mean

latest answer

As per AS 10 - Investment property as defined in AS 13 will be measured using cost model. Pls refer to AS 10. AS 13 tells us the meaning of Investment Property. And that investment property will be measured using AS 10 - cost model. In other words, the revaluation model is not permitted.

Reetikaa R

CA Final

★ 7K+

5

300

Partnership accounts

answered on 22-Feb-23 14:48

I need solution of partners capital account

latest answer

Where is the second entry for revaluation in partner's capital account?

Priyamvatha Parthasarathy

CA Foundation

★ 5K+

8

243

Amalgamation..entries in book of purchasing company

answered on 20-Feb-23 17:52

I didn't get the meaning of parra titled 'Entries at par value' can anyone plz explain. step 2 and step 3 mentioned in parra also attached for reference

latest answer

This is simiilar to purchase consideration being equal to no of shares x par value. For amalgamation & consolidation, don't spend excess time on theory. Practice questions.

Gauri Shete

CA Final

★ 4K+

2

272

Syllabus doubt

answered on 18-Feb-23 22:41

Which are the chapters required to be covered from group 1 Accounts , before starting group 2 advanced accounting ?

latest answer

Ok sir

Anirved Rahatgaonkar

CA Inter

★ 0

6

235

Amalgamation of Companies

answered on 20-Feb-23 17:54

All the other conditions met for Amalgamation in the nature of merger, if some assets like debtors, inventory are taken over after deducting certain provision. Even then can we consider this as Amalgamation in the nature of merger?

latest answer

Then the condition is violated. No adjustment is intended to be made to the book values of the assets and liabilities of the transferor company when they are incorporated in the financial statements of the transferee company except to ensure uniformity of accounting policies.

Sai Eswar Kolli

CA Final

★ 27K+

3

259

Dividend

answered on 04-Mar-23 04:30

Can bonus shares be issued in lieu of dividend ?? I I am.asking coz in IT , it says like it can't be issued

latest answer

Its not a prohibition. What it says is if a company pays bonus instead of paying dividend, deduction will not be allowed. Because dividends payments are not deductible.

Reetikaa R

CA Final

★ 7K+

6

235

Dividend

answered on 20-Feb-23 18:32

Dividend is calculated on facevalue or paidup value

latest answer

Articles mention the rules regarding this. As per section 51, A company may, if so authorised by its articles, pay dividends in proportion to the amount paid-up on each share.

Krishnan K

CA Inter

★ 5K+

6

246