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SUM NO 8

Accountancy

In this question, the solution contains the profit and loss a/c already reduced from (875-50) and shown as 825 while passing the journal entries and again why are we deducting the 50 in the balance sheet as from(825-50)? Video Details ------------- P1 - Advanced Accounting - Without AS Amalgamation of Companies #32. Illustration 9 - Merger & Pmt Method - Part 2

Srividhya Sundarrajan

CA Final

★ 3K+

28-Feb-24 23:51

189

Answers (4)

Can you elaborate your question, what's that 50 ?

Shrikant

CA Inter

★ 1K+

29-Feb-24 16:20

Shrikant

Can you elaborate your question, what's that 50 ?

Hi, In the asset side of the balance sheet debenture issue cost is Rs 50 and that got deducted from the calculation

Thread Starter

Srividhya Sundarrajan

CA Final

★ 3K+

05-Mar-24 19:02

Actually I couldn't find out that question in sm because of incomplete information but based on info. You provided 50 needs to deducted because it's a preliminary expenditure written off ..i won't appear in b/s after written off

Shrikant

CA Inter

★ 1K+

05-Mar-24 19:26

The cost of issue of debentures has been reduced from the P&L balance.

CA Suraj Lakhotia

Admin

13-Mar-24 14:15

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SUM NO 8

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