Are there solutions for Accounts book T.S Grewal ?
What is a Realisation Account?
Explain various methods of valuation of goodwill.
What are the factors affecting goodwill?
experts please tell me the treatment of workmen compensation reserve/fund and employees provident fund in the dissolution chapter
how to treat preliminary expenses in cash flow statement?
s withdrawal 40000 from firm on 15 sep. 2013
t took garments from firm cost 48000 on the other hand r withdrawal 400000 from her capital on 1 jan. 2014
partnership deed provide interest on drawing @6% p.a. after making final acc it was discovered that interest on drawing had not charged . pass journal entries and show working notes clearly
please solve it as fast as possible
1.Share holder’s Fund
a)Share Capital
b)Reserves and surplus
2.Non-current Liabilities Long Term borrowings
Debentures
3.Current Liabilities
Trade Payables
Total
IV. Assets
1.Non-current Assets
a) Fixed assets
b)Non-current Investment :
Investment
2. Current Assets
a)Trade Receivables
b)Inventories
c)Cash and cash Equivalents
d)other current assets – underwriting commission
Total
3,00,000
1,60,000
1,50,000
85,000
3,50,000
2,20,000
2,50,000
1,25,000
6,95,000
9,45,000
4,20,000
30,000
80,000
40,000
1,20,000
5,000
4,90,000
80,000
1,90,000
55,000
1,30,000
---
6,95,000 9,45,000 Notes to Account; Particulars 31st March 2012 31st March 2013 1) Reserves and surplus
General Reserves
Balance in Statement of profit and loss
2) Fixed Assets
Tangible (Machinery)
Intangible (goodwill)
1,00,000
60,000
1,50,000
70,000
1,60,000
2,20,000
3,20,000
1,00,000
4,10,000
80,000
4,20,000
4,90,000
Additional Information :
i. Depreciation charged amounted to be $40,000. A machine costing $ 20,000 and accumulated depreciation on it $ 8,000 was sold for $ 10,000. Ii.Tax paid during the year $ 10,000.
Are there solutions for Accounts book T.S Grewal ?
What is a Realisation Account?
Explain various methods of valuation of goodwill.
What are the factors affecting goodwill?
experts please tell me the treatment of workmen compensation reserve/fund and employees provident fund in the dissolution chapter
how to treat preliminary expenses in cash flow statement?