Advanced ACCOUNTING - illustration 6

Accountancy

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

Rachith Bhat

CA Inter

★ 10K+

08-Oct-20 16:32

780

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

CA Inter

★ 7K+

09-Oct-20 09:50

Thank you

Thread Starter

Rachith Bhat

CA Inter

★ 10K+

09-Oct-20 10:27

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Prasanna Jannu

CA Inter

★ 7K+

09-Oct-20 10:29