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Partnership dissolution

Accountancy

answered on 09-Apr-22 19:14

Kindly explain why 4800(unrecorded asset)is posted on credit side of realization a/c Unrecorded asset is to be posted on debit side of realization a/c and If taken over by partner then effect is given on credit side of realization a/c Sir, in partner capital a/c at time of dissolution Does reserve fund posted there ? Kindly answer my query Thank you

latest answer

Thank you sir ,I understood

Vysali Pasumarthy

Vysali Pasumarthy

CA Inter

1K+

5

317

General

Accountancy

answered on 09-Apr-22 08:55

Sir completing 16 marks sum in 30 min is it a good sign I mean for time mgt purpose sir

latest answer

Ok sir

Pandusml V

Pandusml V

CA Final

4K+

4

287

Consignment

Accountancy

answered on 10-Apr-22 08:11

Should we take the reduction in market price for the cost which we have bought or invoice price as we value inventory on invoice price and transfer diffrence on inventory reserve but here for reduction they have taken at cost i.e.,20 per metre and but in the question it's not mentioned right is it to be on cost or invoice price? i.e., reduction by 10%

latest answer

When unit is not fully available it is a loss. Here it is a valuation reduction.

Sugam SM

Sugam SM

CA Foundation

9K+

11

363

Capital account is a balancing figure?

Accountancy

answered on 09-Apr-22 14:51

Where if a person starts a business..the money invested is takes as capital However there are some people who are dng profession or service etc for them there is no investment..when preparing books for those people capital is a balancing figure..like net worth for them??

latest answer

Profits / comission etc. will then form part of capital

vasabattula abhinav

vasabattula abhinav

CA Final

85

3

272

Closing stock on illustration 10 of branch accounts

Accountancy

answered on 09-Apr-22 14:46

In the lecture video of branches (23.illustration 10 part 3) the adjustment of closing stock In question it is give that the stock of raw material helt at Ho is 2300 but in video it is taken as stock of Bo can any one explain Adjustment 2

latest answer

Ok sir

mani charan

mani charan

CA Final

3K+

3

336

Treatment of this dividend paid

Accountancy

answered on 07-Apr-22 15:33

Please explain

latest answer

Since the question is only about operating activities, there is no impact of dividend paid. You need to directly start from Net profit before taxation.

Anoop P K

Anoop P K

CA Final

2K+

1

282

Single entry

Accountancy

answered on 07-Apr-22 16:02

In this case Avl helped a friend by encasing a cheque ,does it mean that friend had issued the cheque to creditor but due to insufficient balance in account it got dishonoured and so,avl sent money to his friends account ?

latest answer

Ok thanks

pradyumna hariramani

pradyumna hariramani

CA Inter

290

6

350

What is EBITA Breakeven point

Accountancy

answered on 07-Apr-22 14:56

Explain

latest answer

There is nothing called after charging EBITDA EBITDA breakeven is EBITDA = 0 When you charge dep and amortisation, EBIT becomes negative

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

4

5K+

Buy back share

Accountancy

answered on 07-Apr-22 15:11

Buyback Doubt . if anyone know please help me . For calculating maximum number of shares that can be bought back in buy back chapter test 1. shares outstanding test= no.of shares outstanding*25% doubt (here no.of shares means total no of equity shares outstanding or total no.of shares outstanding) test 2 . Resource test : maximum fund available for buyback = 25%( paid up capital+ free reserve+ securities premium ) doubt( here paid up capital means total paid up capital or only equity paid up capital) Test 3:- while calculating equity to be maintained ( paid up capital+ free reserves + securities premium) When calculating paid up capital Should we consider preference share capital

latest answer

Test 3 - Here it is total paid up capital and not just equity paid up capital. the ratio of the aggregate of secured and unsecured debts owed by the company after buy-back is not more than twice the paid-up capital and its free reserves:

Aakash Raavi

Aakash Raavi

CMA Inter

320

2

294

Q8, page 10.23

Accountancy

answered on 07-Apr-22 15:04

In the given question if they have mentioned about down trend then why they didn't apply 10% of down trend anywhere ....like in adjusted annual turnover

latest answer

When you have already computed the sales for the 12 months up to the date of fire, there is no need to apply trend again

Gauri Shete

Gauri Shete

CA Final

4K+

1

211

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