Answer / sreeram

Securitization is the process by which financial assets are
transformed in to securities. Securitization is different
from factoring since the later involves transfer of debts
without transformation thereof in to securities.

Securitization is a mode of financing, where in securities
are issued on the basis of a package of assets (called Asset
pool). In this method of recycling funds, assets generating
steady cash flows are packaged together and against this
asset pool, market securities can be issued.

What is the entry for Good will payment? (received money for Good will)

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Can you differentiate accounting and auditing?

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1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.

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What are time sheets? How are they maintained?

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define contra entry?

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can any one send me tally professional version link

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pass journal entry for Prepaid insurance

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