Rectification of Errors after preparation of Trial Balance

answered on 11-Nov-21 19:01

Are all my entries right ?

latest answer

It is correct

Aditya Birla

CBSE XI

★ 4K+

1

320

Consignment

answered on 12-Nov-21 08:00

What is consignment

latest answer

Now ok done

Krishnaveni Balireddy

CA Foundation

★ 440

8

396

Amalgamation

answered on 12-Nov-21 10:23

What this sentence means"debt due to x Ltd is also to be discharged in shares of xy LTD , discharged means that. Trade receivabke will not take place in xy Ltd? What is the treatment if that sentence is not given ? Please help me with this

latest answer

If the sentence is not given, then the loan would be offset against investments after amalgamation

venkatesh sundharamoorthy

CA Final

★ 34K+

1

357

Amalgamation

answered on 12-Nov-21 13:32

What this sentence means"debt due to x Ltd is also to be discharged in shares of xy LTD , discharged means that. Trade receivabke will not take place in xy Ltd? What is the treatment if that sentence is not given ? Please help me with this

latest answer

Welcome and all the best

venkatesh sundharamoorthy

CA Final

★ 34K+

31

514

what happens after full depreciation is charged and the asset still in use?

answered on 13-Nov-21 08:47

what if a car is fully depreciated but still is in use of the business and making a profit, then how the car will be shown on the balance sheet, and what will be its treatment?

latest answer

If an asset is fully depreciated, review of useful life would have an impact if the entity adopts a revaluation approach. Both AS-10 and IndAS 16 require review of useful life at the end of each period.

Ankit Karmakar

CA Foundation

★ 0

4

380

Redemption of debenture

answered on 12-Nov-21 10:52

Is interest is charged and paid by underwriting debenture

latest answer

Can you be clear in your doubt please? Yes, interest is paid on all debentures

Rahul Patil

CA Inter

★ 800

1

373

Amalgamtion

answered on 10-Nov-21 21:26

In selling company books cash account balance figure is transferred to realisation account ,if the cash also take over by purchasing company And If cash was not taken over by purchasing company Then bal.fig of cash account transferred to equity holder accunt Am I write? Please help me

latest answer

Yes it was right

venkatesh sundharamoorthy

CA Final

★ 34K+

2

338

NPO

answered on 10-Nov-21 16:20

What will I do with the additional information (b) in Balance Sheet of NPO ?

latest answer

Library books balance

Aditya Birla

CBSE XI

★ 4K+

1

334

RTP

answered on 10-Nov-21 11:28

Shouldn't the provision for tax should be calculated this way as it is mentioned provision should be provided 35% of the profits.

latest answer

Ok Merci

Himanshu Somani

CA Final

★ 97K+

2

352

Bank nbfc

answered on 09-Nov-21 21:21

Is it the same for nbfcs and bank?

latest answer

Yes but loss assets do not mean that their time period exceeds 36 months . It is classified as loss asset based on their recoverability

Vignesh Hari Krishnaa Karthigayan

CA Inter

★ 5

1

372