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Partnership Accounts - II of Advanced accounting
Accountancy
answered on 29-Nov-21 21:53
Guys can you please help to understand Bank Accounts ( Dena Bank Account OD) in Illustration 4 of pg no 328. In the adjustment, it is given that all other liabilities are discharged from Dena bank account which is Overdraft account but in the answer creditors were are taken into consideration. please give me some clarity
latest answer
In the question they given creditors are takenover by Hari Ltd so creditors are recorded in realisation a/c and loan accounts are not taken over so we must settle those liabilities through dena bank a/c
Pardhu surendra
CA Final
★ 5
1
332
Adv acc AS
Accountancy
answered on 29-Nov-21 08:55
Whether revision of AS of grp2 , Part 2 class of it today!!???
latest answer
Ok sir
Sathiya Bama
CA Final
★ 24K+
2
344
Statutory reserve
Accountancy
answered on 29-Nov-21 11:08
What is the rate of SR for bank for dec attempt?
latest answer
If you mean SLR - it's 18%
Aman Mahajan
CA Final
★ 19K+
2
321
Insurance claim
Accountancy
answered on 28-Nov-21 23:16
In this sum how to calculate actual lose of stock how comes 120000?
latest answer
You are welcome
Raashi 14
CMA Inter
★ 330
3
369
Insurance claim
Accountancy
answered on 03-Dec-21 09:09
In closing stock how to calculate abnormal , gross loss
latest answer
Total abnormal item cost = 137700 (i) Cost of items sold out of the above = 55,080 (A) Less : Loss on sale given in question = 11,080 (B) Sale value of abnormal stock = (A)-(B))= 44,000 (ii) Items left as stock in abnormal item [(i)-(ii)] = 82,620
Raashi 14
CMA Inter
★ 330
1
317
Cash reserves ratio
Accountancy
answered on 30-Nov-21 13:51
Which percentage is required to be maintained by banks for cash reserve ratio for dec 2021
latest answer
Yeah it's 4% I found it
Agrawal Chirag
CA Inter
★ 2K+
4
346
Manufacturing account
Accountancy
answered on 28-Nov-21 18:01
Is frieght inward include in direct expense? If no then why?
latest answer
We should include FREIGHT INWARD but Not FREIGHT OUTWARD Bcz freight outward is not related to MNFG, and treated as indirect exp, simple all inwards are relating to mnfg as direct expense, all outwards are indirect expense and shown in debit side P&L a/c
Sumita Shah
CA Inter
★ 2K+
2
329
Advanced Accounting - Amalgamation
Accountancy
answered on 29-Nov-21 21:35
In purchase method, the purchase consideration should be matched with Net Assets (Total assets - outsider liabilities). If we pay more than net assets then the excess amount will be transferred to goodwill, if we pay less than net assets then the difference amount will be credited to Capital Reserve. In Merger method, how should we deal with purchase consideration ? How to adjust reserves and surplus? Please clear my doubt with the help of illustration 9 of Amalgamation Pg. no 203
latest answer
Hello geethika can you please help me with partnership question that i posted recently
Pardhu surendra
CA Final
★ 5
13
681
Liquidation of companies
Accountancy
answered on 28-Nov-21 10:56
Anyone tell me Why taxes paid is 26000 Bcz I donâ??t know how that was raised with 12months
latest answer
Assessment cannot be concluded before the assessment year itself!
Pradeep Ravikumar
CA Final
★ 1K+
4
357
Insurance claim
Accountancy
answered on 28-Nov-21 18:59
In 3rd sum How to calculate amount of claim
latest answer
Your welcome
Raashi 14
CMA Inter
★ 330
3
359