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SM- ILLUSTRATION 1 Not complete
Accountancy
Hello Sir, I had purchased individual modules(LIQUIDATION OF COMPANIES). But this question is not completed in your video, please include those asap. As my individual module had only 1 month validity.
Answers (8)
Thread Starter
Shamsudeen MPlease sir.
The illustration is completely solved by Sathty sir, both statement of affairs and list H are available. Kindly go through the video completely
Thread Starter
Shamsudeen MAlso illustration 7 is completely missing
Illustration 7" Prakash Processors Ltd. went into voluntary liquidation on 31st December 2016 when their Balance Sheet read as follows:" is solved in three videos followed after illustration 6 in lecture no. 18, 19 & 20
Illustration 7 The following is the Balance Sheet of Confidence Builders Ltd., as at 30th Sept. 2016: This is illustration 7 it's missing and also illustration 2 is completely missing. Please refer to the study material of icai. I Request to upload this asap. I paid and bought this. Plsð???ð???
Sudha Reddy
The illustration is completely solved by Sathty sir, both statement of affairs and list H are available. Kindly go through the video completely
Three years ago, the debit balance in the Profit and Loss Account was ` 77,925 and since that date the accounts of the company have shown the following figures: Year Year Year 31-3-2015 31-3-2016 31-3-2017 ` ` ` Gross Profit 65,000 45,000 40,000 Wages and Salaries 40,500 36,000 34,400 Electricity and Water Tax 5,750 6,380 5,260 Debentures interest 8,000 8,000 8,000 Bad Debts 8,540 7,600 6,700 Depreciation 6,700 Directorsâ?? Fees 1,000 1,000 1,000 Miscellaneous Expenses 10,500 7,265 7,980 Total 80,990 66,245 63,340 In addition it is estimated that the company would have to pay ` 5,000 as compensation to an employee for injuries suffered by him which was contingent liability not accepted by the company. No he didn't explained this part
Thread Starter
Shamsudeen MThree years ago, the debit balance in the Profit and Loss Account was ` 77,925 and since that date the accounts of the company have shown the following figures: Year Year Year 31-3-2015 31-3-2016 31-3-2017 ` ` ` Gross Profit 65,000 45,000 40,000 Wages and Salaries 40,500 36,000 34,400 Electricity and Water Tax 5,750 6,380 5,260 Debentures interest 8,000 8,000 8,000 Bad Debts 8,540 7,600 6,700 Depreciation 6,700 Directorsâ?? Fees 1,000 1,000 1,000 Miscellaneous Expenses 10,500 7,265 7,980 Total 80,990 66,245 63,340 In addition it is estimated that the company would have to pay ` 5,000 as compensation to an employee for injuries suffered by him which was contingent liability not accepted by the company. No he didn't explained this part
This has been included in preferential creditors of Rs.18000. Please check the video at 5 min 45 sec
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