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If i have to sell the existing Business of Mine, What are
the calculation for this ??
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Answer / b.s.omkareshwar
First of all,assets and liabilities of company being sold is calculated.Settle tax liabilities,if any.
Distribute the profit or loss on sale of company to share holders (because ultimately shareholder are the owners)
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Answer / sajid khan
I, M.A.SAJID KHAN
IF any business is saling out the may me on two conditions
one is he may be solvent and he may be insolvent. On both
conditions they make some calculations they are
prepair revaluation account.
prepair liabilities account
fixed assets account
capital account
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My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
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