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Doubt in NPSR
Accountancy
answered on 12-Aug-24 09:22
The case states that C's share increased by 3/10th by acquiring from B. I don't understand why Sir has removed only 1/10th from B's Share and added 1/10th to C. The new PSR should have been 5:0:5 and not 5:2:3 as C has acquired 3/10th from B and not 1/10th of the share.
latest answer
It is increased to 3/10th , by and to this two words you need to see carefully
Ajay Matta
CA Foundation
★ 485
1
200
AS 22
Accountancy
answered on 11-Aug-24 17:17
Can someone explain why is option (d) the answer? (Question 2)
latest answer
Incorrect.
Sagar Kathuria
CA Final
★ 3K+
1
192
Amalgamation
Accountancy
answered on 11-Aug-24 17:19
Why have we taken Cash at bank while calculating purchase consideration ?
latest answer
For calculating net assets, we take cash.
Sagar Kathuria
CA Final
★ 3K+
1
284
As19
Accountancy
answered on 11-Aug-24 17:20
How it will be treated under as 19
latest answer
Which question? What is the doubt?
Sagala Dakshayani
CA Inter
★ 2K+
1
232
Amalgamation, Journal entries in books of purchasing company
Accountancy
answered on 19-Aug-24 15:21
in this lecture, while passing journal entry in the books of purchasing company, for the expense of liquidation etc (legal charges etc for liquidation) is debited by the name GOODWLL, for the reason that purchase consideration paid is more than the net assets that purchasing company got from selling company. that extra amount paid as liquidation or legal charges should be shown as an expense in the books of purchasing company, why it is shown as a goodwill (asset)?
latest answer
If purchasing company pays on behalf of selling company than in selling company books, Dr Realisation Cr. Purchasing company.
Garima Bhargava
CA Inter
★ 185
7
2K+
Adjustable selling price method
Accountancy
answered on 12-Aug-24 15:29
In illustration 7 of the icai textbook, they have asked to find the non historical cost of closing inventories. In the last step, the calculated the rate of gross margin which is 20%. They have minused 20% from 50,000 to get 40,000. Why?
latest answer
Sales - Cost = Gross Profit So Cost = Sales - Estimated GP
Ornitha Shree U
CBSE XI
★ 0
2
372
As 10
Accountancy
answered on 09-Aug-24 10:56
Depreciation sums in book back can't able to understand amd also revaluation sums
latest answer
How did you do your preparation?
Gomathy D
CA Inter
★ 0
1
223
Consolidation of financial statements
Accountancy
answered on 09-Aug-24 11:57
Generally we calculate cost of control on date of acquisition.Therefore why haven"t they considered 3000 lakhs (share capital as on date of acquisition) as share capital and solved cost of control? why have they considered 4800 lakhs which as at 31 march 2021 as the share capital and solved cost of control?
latest answer
yes
Niveta Rajkumar
CA Inter
★ 6K+
3
260
AS 10 MCQ
Accountancy
answered on 13-Aug-24 11:45
Why the answer is not 1,00,000 but 1,08,000?
latest answer
Will update the answer. Thanks.
Niveta Rajkumar
CA Inter
★ 6K+
3
307
AS 10
Accountancy
answered on 09-Aug-24 09:26
what is the difference between carrying amount and written down value wrt the concepts of AS 10 ?
latest answer
Carrying value is the value of the asset that appears in the balancesheet Written down value is the value of the asset after it has been reduced due to impairement or depreciation
Niveta Rajkumar
CA Inter
★ 6K+
2
249