Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Journal Entries for Dissolutions
The following journal entries are relevant for the purpose of recording all dissolutions:1) DR. Revaluation accountCR. Asset account(With the book value of the assets being sold / or being realized)2) DR. Cash book CR. Realisation account(With the cash received on the assets being realized)
3) DR. Realisation accountCR. Cash book(With the dissolution expenses paid)4) DR. Creditors account payablesCR. Cash book(With payment made to the creditors)5) DR. CreditorsCR. Realization account(With the discount received from account payable or creditors)6) Dr. Realization accountCR. Capital accounts(With the profit on realization being the balancing figure and according to PSR)Incase it is a loss, then the entries are received.7) DR. Current accountCR. Capital accounts(To transfer the accounts due to the partners on their current accounts to the capital account)8) DR Capital accounts CR. Cash book(To close off the capital accounts with the cash book)
Question: A company produces and sells a single product, the standard unit cost details of which are as follows: Direct material 2 kilos x Rs4.5 per kilo Direct labour 3 ho
RECEIVERSHIPS: APPOINTMENT OF RECEIVER If a company defaults in payment of principal or interest, or otherwise defaults in observing the conditions contained in debentures issu
Q. Show the nature of business operations? The nature of business operations that influences the proportion of fixed costs to total costs. Capital intensive business operations
Necessary things for Receivership If no power to appoint a receiver is given by the terms of issue, the trustee for the debenture holders, or a debenture holder acting on behal
Please I need assistance with steps to prepare amalgamation
tyoes of assets
Powers of investment 1. Shares and debentures: A trustee may: Invest in bearer securities if these would otherwise be authorised; Acquiesce in an amalgamation
Use the data from "Beating the Market Quarterly" problem. Use that data to estimate expected returns and a covariance table for the 5 stocks from that problem. Use your estimates t
DELEGATION A trustee cannot deleget unless: 1. It is necessary or in the ordinary course of administration; or 2. Authorised by the trust instrument; or 3. Authorise
Uniform Capitalization Rules- These are a set of rules intended to be a single comprehensive set of rules to govern capitalization, or inclusion in INVENTORY of indirect and direc
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd