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Liquidation of companies
Accountancy
answered on 28-Aug-22 06:44
Please explain how loss due to liquidation is â?¹59,00,000...
latest answer
Paid up share capital - surplus available for shareholders( given in question) 79 lakhs - 20 lakhs = 59 lakhs (loss on liquidation) Loss is apportioned on the basis of no.of shares held
Naveen Kumar S
CA Inter
★ 1K+
1
464
Provision for doubtful debts
Accountancy
answered on 27-Aug-22 18:37
Ca foundation Principles and practice of accounting module 2 Page 7.53 last adjustment.
latest answer
To do this, increase your bad debts expense by debiting your Bad Debts Expense account. Then, decrease your ADA account by crediting your Allowance for Doubtful Accounts account.
Shiva Netha
CA Inter
★ 12K+
2
1K+
Bank reconciliation statement
Accountancy
answered on 27-Aug-22 18:38
Q5
latest answer
Ok great
Harshita Tripathi
CA Inter
★ 2K+
4
527
Sale or return basis
Accountancy
answered on 27-Aug-22 11:20
How we can calculate cost of the goods in detail
latest answer
Note 33(1/3)% =1/3rd Eg.100 * 33.33% = 100 * 1/3 Both results to And=33.33333 If 1/3rd sales = then 1/2nd cost Sale Rs.1,50,000. (given in Qn) Less :profit Rs 50,000 (1/3 of 150000 ) Cost of goods Rs.1,00,000 Also note = 1/2 of 1 lac cost is Rs 50,000 same profit
Harish Raj
CMA Inter
★ 4K+
1
522
Redemption of debentures illustration 4
Accountancy
answered on 02-Sep-22 16:18
In illus 4, we are redeeming it after 1 year. But we are not accounting 12% debenture interest. How to identify whether to pay the interest or not in the sums if no information regarding the same is not given? Anyone?
latest answer
Generally it will be given in question. Else you can make an assumption and solve.
vs navin
CA Final
★ 1K+
2
499
Illustration 6 of dissolution of partnership firm
Accountancy
answered on 27-Aug-22 21:24
On what basis purchase consideration is divided between cash and equity shares....how equity shares is 76,833
latest answer
Thank you !!!
Sri Yoga Vishwa. P
CA Final
★ 2K+
2
658
Company
Accountancy
answered on 26-Aug-22 12:16
What is Share Capital??
latest answer
Share of fixed amount of money contributed by various persons for the capital of the company
Prathmesh kharul
CA Foundation
★ 3K+
6
598
Primary market
Accountancy
answered on 26-Aug-22 10:13
Is Primary market like a stock market?
latest answer
In the primary market, companies sell new stocks and bonds to the public for the first time, such as with an initial public offering (IPO). The secondary market is basically the stock market and refers to the New York Stock Exchange, the Nasdaq, and other exchanges worldwide.
Amit Pandit
CA Final
★ 33K+
3
629
Too confusing
Accountancy
answered on 25-Aug-22 21:18
Raw material should be valued at cost but what is mean by replacement cost
latest answer
Thats all it is . Btw u will get from free resources
MPR Sanjay Kumar
CA Inter
★ 525
7
492
Please tell me correct or not this is
Accountancy
answered on 25-Aug-22 22:00
As per Accounting standard valuation of inventories Raw materials-(at cost should be value, if the finished goods are above the sold ) Finished good below sold means replacement cost For working progress and finished goods should be valued at lower of cost and net realiseble value This is correct or not please tell me
latest answer
But little bit clarity, If FG sold less than cost- that's when -raw materials should be valued at replacement cost.i.e. till the time selling price=cost,it's ok. Otherwise-replacement cost
MPR Sanjay Kumar
CA Inter
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5
579