Partnership Accounts

answered on 28-Sep-22 20:25

In this Illustration why they have not taken "Loan from P" to Realisation A/C and they have reversed the Realisation A/C (loss entry) so is it compulsory to do it as we will be getting the same answer even if we don't reverse the entry.

latest answer

Ok thanks

Harsh Mittal

CA Final

★ 1K+

5

245

Cash flow

answered on 26-Sep-22 03:49

Sale and purchase of current investment kaha pe aayega.. Cash & cash equivalement OR investment activities

latest answer

Thank you sir...

Raja Ram charan

CA Inter

★ 25

6

217

AS-10: Property, plant & equipment

answered on 24-Sep-22 21:45

How is Land valued at 5 lakhs?

latest answer

Okay, Thank you.

Sharon M Jacob

CA Inter

★ 1K+

4

257

Consolidation Of Financial Statements

answered on 28-Sep-22 17:15

How did they got tax expenses.

latest answer

Ok Thanks

Harsh Mittal

CA Final

★ 1K+

2

314

Consolidation Of Financial Statements

answered on 28-Sep-22 17:16

Why they have deducted amount of dividend in calculation of Minority Interest.

latest answer

Ok thanks

Harsh Mittal

CA Final

★ 1K+

3

226

Branch Account

answered on 24-Sep-22 15:52

Do we create BRANCH CREDITORS account in branch accounting???

latest answer

Many of the case NO, BUT if the branch purchase goods, other than those sent by HO , on credit thencreditors account may be asked . I don't think will be asked in exam

Prathmesh kharul

CA Foundation

★ 3K+

2

252

Consolidated financial statements practical ques 4

answered on 23-Sep-22 22:46

.here it is assumed that there is no changes in the general reserve during yr... Alternatively , Can we assume that, this general reserve is arrived during the yr...accordingly can we divide the reserve given in b/w pre &post acquisition That is ( 1lac Ã? 6/12 ) = 50000 each for pre & post acquisition

latest answer

Yes

Sri Yoga Vishwa. P

CA Final

★ 2K+

2

246

CA foundation CHAPTER 8 PARTNERSHIP ACCOUNTS unit-2 treatment of goodwill

answered on 23-Sep-22 15:52

In Illustration 11 ,interest on capital is deducted from profits of relevant years But in, practical question 1, interest on capital is deducted directly from average profits Why is this different treatment ??

latest answer

My pleasure.

Monisha KM

CA Inter

★ 825

3

748

Bonus and right issue

answered on 23-Sep-22 10:19

Hello, Can fraction of a share be issued? If not assuming I hold 2 shares of a company and the company announces a bonus issue in ratio of 1:4, then will I be issued half bonus share or not? Kindly clarify.

latest answer

Sell to other existing shareholders at face value I suppose. Thanks sir.

Aswin Chandar

CA Final

★ 40K+

7

273

Non - Banking Financial Companies

answered on 24-Sep-22 05:54

The period should be 3 months.

latest answer

Yeah but it's Systematically Important

Harsh Mittal

CA Final

★ 1K+

2

274