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Amalgamation
Accountancy
answered on 20-Feb-23 14:19
In case of merger (in the books of transferee) the difference between consideration and share capital of transferor company should be adjusted to General Reserve right?
latest answer
In the case of amalgamation in the nature of merger, the difference is adjusted reserves. If amount paid is more - reduce from General Reserves. If amount paid is less, show it as capital reserve.
Angel Maria Varghese
CA Final
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Amalgamation
Accountancy
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
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539
Weighted Average no. of Shares
Accountancy
answered on 19-Feb-23 23:42
Why Re-acquired shares were subtracted ?
latest answer
Thanks Sandeep Kumar
Prethivi Rajan
CA Final
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544
AS 20
Accountancy
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
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381
AS10
Accountancy
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
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391
Partnership accounts
Accountancy
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
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8
335
Amalgamation..entries in book of purchasing company
Accountancy
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
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2
358
Syllabus doubt
Accountancy
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
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342
Amalgamation of Companies
Accountancy
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
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322
Dividend
Accountancy
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
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314