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Investment account
Accountancy
answered on 03-Sep-21 15:39
How to find the profit and cost if two sales have been made in the same financial year.
latest answer
ok mam thank you
Susai Yappan
CA Inter
★ 12K+
4
458
Inventory
Accountancy
answered on 04-Sep-21 22:36
How to study and clear concepts of inventory valuation?? I found that chapter very difficult to understand!!ð???
latest answer
Thankyou I'll try ma best!
Vaishnavi Thakare
CA Foundation
★ 4K+
3
517
PSR
Accountancy
answered on 03-Sep-21 12:22
In case 5 of the below attachment, pls check the new profit sharing ratio, according to my calculation th new PSR is 7:5:3
latest answer
Thank you for the response
Vijay K
CA Inter
★ 9K+
3
596
Doubt
Accountancy
answered on 04-Sep-21 16:17
Is there any difference between P&L cr. balance and Reserves and surplus?
latest answer
Reserve and Surplus includes usually all type of reserves . In balance sheet it will appear as follows: Example; RESERVE & SURPLUS(10+20+30+40+50) 1.profit &loss a/c 10 2.securities premium 20 3.general reserve 30 4.revaluation reserve 40 5.other reserves 50
Girinath A
CA Inter
★ 765
2
487
Amalgamation
Accountancy
answered on 03-Sep-21 11:39
Why we are not incorporating statutory reserves in purchase method and why we have to create amalgamation adjustment reserve account , why the different treatment from merger
latest answer
Thus to incorporate statutory reserves in transferee books, this adjustment reserve is created
Gobi k
CA Inter
★ 12K+
4
759
Pre accquisition profit
Accountancy
answered on 03-Sep-21 09:58
What is pre accquisition profit?
latest answer
Any profit earned before acquisition of a company , is called pre acquisition profit , subsidiary have earned in previous years before holding company acquires
Rubika Sankar
CMA Inter
★ 370
2
605
As1
Accountancy
answered on 02-Sep-21 11:52
Is going concern assumption valid in the year 2016-17 ?
latest answer
Here, the going concern assumption is not in doubt for the FY 2016-17 since the assumptions validity is for foreseeable future which is period not exceeding 1yr from the balance sheet date as here the contract is said to expire on 31-03-2018 , therefore for FY 2016-17 going concern assumption is valid.
Chandan Subudhi
CA Final
★ 12K+
2
486
Preparation of financial statement
Accountancy
answered on 02-Sep-21 01:28
Sir ,why is the depreciation stated in trial balance not adjusted in provision for depreciation while preparing financial statement,in the following question ?
latest answer
Sorry,got the answer.
Abhishek Purohit
CA Inter
★ 10K+
1
524
Self balancing ledger
Accountancy
answered on 02-Sep-21 10:53
Anyone plz derive the sum? Self balancing ledger Book back sum pg no:406
latest answer
Okie bro
Merfi Mufi
CMA Inter
★ 230
6
704
Investment accounts
Accountancy
answered on 01-Sep-21 17:12
Can someone please explain how this answer had come. Question. No. 12
latest answer
When investment are acquired on cum right basis and the market value of investment after becoming ex right is lower than the cost for which they were acquired then it is advisable to reduce the carrying amount of investment to the extent value fallen down and balance if any, credit to P&L a/c
Susai Yappan
CA Inter
★ 12K+
1
662