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Advanced ACCOUNTING - illustration 6

Hi, Advanced ACCOUNTING - illustration 6 Page no.6.31 in study material, capital reserve amount Rs 10000, am not understanding how it comes. Please let me know

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Rachith Bhat

Rachith Bhat

CA Inter

8K+

08-Oct-20

60

Answers (3)

Best Answer

Inter company Owings 50,000*100/125 = 40,000 Cost of goods is 40,000 10,000 is unrealised profit... It should be written off to reserve account or goodwill account


Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

09-Oct-20

Thank you


Thread Starter

Rachith Bhat

Rachith Bhat

CA Inter

8K+

09-Oct-20

ð???ð???


Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

09-Oct-20

All the Best
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