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Advance accounts amalgamation
Accountancy
answered on 06-Aug-21 13:56
While combining the b/s of after amalgamation why dont we merge the free reserve of the selling company? It is also form part of shareholders fund ?please clarify
latest answer
The identity of transferor company's reserves is kept intact in merger method where Share holders holding not less than 90% of the face value of the equity shares of the transferor company become equity shareholders of the transferee company by virtue of the amalgamation. But under purchase method The identity of the transferor company'es reserves except statutory reserves is not kept intact because the same shareholders might not continue
Bhavya Kumar
CA Final
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Consignment
Accountancy
answered on 06-Aug-21 12:36
In illustration 1, the inventory valuation has no insurance charge. But in the illustration 3, the inventory valuation has insurance. Which one is correct? Should we include the insurance cost or not in the inventory valuation?
latest answer
Ok ok, now I understood. Thank you bro.
Vijay K
CA Inter
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540
Postal books
Accountancy
answered on 06-Aug-21 07:30
I have received one postal book which name is " the chartered accountant student monthly guide " from ICAI. I know a little bit about this but could anyone tell me about this book.
latest answer
Thank you brother
Vijay K
CA Inter
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3
530
Depreciation
Accountancy
answered on 06-Aug-21 09:10
Mam/sir CAN you explain what is Amortization. with an laymen's language examples. Y I asked this question means I got confused from others told pls with clear example tell me
latest answer
Amortization is same as like depreciation and the only difference is that amortization is charged on intangible assets while the depreciation is charged on tangible assets. In simple amortization is charged on intangible assets
Balachandar S
CA Inter
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7
549
Financial statements of companies
Accountancy
answered on 05-Aug-21 14:38
Under which category of Equity and liabilities will Retirement gratuity fund appear in the balance sheet ?
latest answer
Thank you so much ma'am
Rithani R.C
CA Inter
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journal entries
Accountancy
answered on 05-Aug-21 15:47
can we return the goods purchased on cash ? what is the journal entry then ?
latest answer
Cash A/C. Dr. XXXX To purchase return A/c. XXXX
Harshan Pothula
CA Foundation
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2
546
Consignment
Accountancy
answered on 05-Aug-21 12:38
Can the consignee sells the goods on credit basis and approval or return basis.
latest answer
Thank you, mam
Vijay K
CA Inter
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594
Amalgamation of companies
Accountancy
answered on 05-Aug-21 10:43
How does the concept of paid up capital work in amalgamation mainly when purchasing company issues shares at a value based on paid up capital?. For eg. ( Have attached the of the question)
latest answer
Can you clarify your query In the question attached - shares are issued at face value 20 and question states 18 paid up that means Rs.2 are yet to be called... and Rs.4 as premium.... So 5 shares of value 22 (18+4) is taken as consideration.... so 1 prefernce share in old company = 5 x 22 of new company
Rithani R.C
CA Inter
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430
Doubt
Accountancy
answered on 05-Aug-21 11:47
Sir why security premium and CRR cant be applied for payment of unpaid amount on any shares held by existing shareholders ..? As it is also like bonus issues right?
latest answer
Issuing bonus shares are not same as making unpaid into fully paid up shares..... Technically the no. of shares doesnt increase for making unpaid to fully paid but for issuing bonus shares, no. of shares will increase SR & CRR are to be used across for all shareholders in case of bonus shares to transfer the benefit in place of dividend.... Unpaid amount is the liabiltiy due from shareholder
Sri kanaga Varshini
CA Final
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Partnership
Accountancy
answered on 05-Aug-21 10:04
If we try to make Bank A/c for this question how would it be please give solution
latest answer
Please write the description of entries in the account. Please ensure even for practice you present the answer properly, that will help you
Priyanka Udeshi
CFA L1
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