financial statement with reference to Indian companies, Financial Accounting

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discuss the content of financial statement with reference to Indian companies?

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Cherry Ltd has the following segment information from the consolidated financial statements for the years ended 31 December 2011 and 2012: Operating segments C V I N$ N$ N$ Sales

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Journal Entries for Dissolutions The following journal entries are relevant for the purpose of recording all dissolutions: 1)    DR.    Revaluation account CR.  Asset account

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Beginning balance 24,000 cash Sales 250,000 Gross profit 45% of sales Accounts receivable increase by 24,000 Accounts payable increased by 51,000 Inventory increased by 98,000 Sell

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