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AMALGAMATION
Accountancy
answered on 06-Sep-22 13:04
Can anyone help me with how to calculate purchase consideration using intrinsic value method. Thanks in advance
latest answer
Thank you sir
theee k
CA Final
★ 435
2
424
Debt Equity Ratio test post buyback
Accountancy
answered on 05-Sep-22 17:16
Does CRR gets involved in Equity for calculation of debt equity test in Buyback of share ?
latest answer
I guess the answer got removed
Dhananjay Kapoor
CA Inter
★ 495
4
418
#28: Question for the day (Advanced Accounting - Inter)
Accountancy
answered on 13-Sep-22 14:35
Write the answer in a sheet as you would write in exam and send photo by 8pm. #LetsPractice RC Ltd. is showing an intangible asset at Rs. 72 lakhs as on 31-3-2022. This asset was acquired for Rs. 120 lakhs as on 01-04-2016 and the same was used from that date. The company has been following the policy of amortization of the intangible assets over a period of 15 years, on straight line basis. You are required to comment on the accounting treatment of asset with reference to AS 26 'Intangible Assets' and also give the necessary rectification journal entry in the books.
latest answer
The past year profits would be accumulated as retained earnings / reserves. Hence debited there.
Sahibdeep Singh
CA Inter
★ 14K+
5
816
issue of shares @premium
Accountancy
answered on 05-Sep-22 04:42
tell me anybody
latest answer
Preference shares capital account .Dr 1,00,000 To equity shares capital. 90909 To securities premium account 9091
hrithik
CA Foundation
★ 0
4
452
Insurance claims
Accountancy
answered on 05-Sep-22 10:48
In qus 6(a)goods consigned has been cr in trading account to arrive correct gross profit may I know the reason why it has been cr??
latest answer
from 01.04.2021 till he was fired.. he was stealing 2000 every week
Dhakshana Dhakshana
CFA L2
★ 18K+
4
308
Consolidated fs
Accountancy
answered on 06-Sep-22 21:49
In this ills-2 why profit is 60000 pre acq profit?
latest answer
Because these are profits earned before acquisition. Its given in the question.
Mohit MJ
CA Inter
★ 0
1
317
Preparation of FS
Accountancy
answered on 06-Sep-22 20:05
Why 20000 is deducted If it is transferred to GR then it should be increased right?
latest answer
Transfer to GR means transferred from P&L to GR. So reduce P&L and increase GR.
Sugam SM
CA Final
★ 9K+
3
365
Doubt on partnership
Accountancy
answered on 03-Sep-22 19:13
For the capital that the partners had brought in can I write it as a balance brought down or should I write it as by Bank ? If bank A/c , why not balance b/d ?
latest answer
You need to understand that only journal entries are posted on to ledger A/c's. Opening balance cannot simply jump in out of nowhere...
sradha krishna sunil
CA Final
★ 5K+
2
418
Consignment
Accountancy
answered on 03-Sep-22 22:33
What is sale proceeds??
latest answer
Proceeds refers to the cash received from the sale of goods or assets during a particular period. The total is obtained by multiplying the quantities sold by the selling price per unit.
Prathmesh kharul
CA Foundation
★ 3K+
6
377
Insurance claims
Accountancy
answered on 02-Sep-22 16:15
Anyone kindly solve qus 4 please
latest answer
Got you bro
Dhakshana Dhakshana
CFA L2
★ 18K+
9
350