Answer / manojs

issue of debentures :bank a/c dr
To debentures a/c
redemption : paying back the debentures
debentures a/c dr
to bank

Answer / nutan chavan

issue of debenture: bank a/c----Dr
To debenture A/c

on premium : bank A/c----Dr
To Premium On deb A/c
To Debenture A/c

Redemption : Redeemable Deb A/c ----Dr
Premium On Redemption A/c ----Dr
To Debenture holders A/c

For Claim Paid : Debentureholder A/c ---Dr
To Bank A/c

For Settlement : Gen Reserve A/c ---Dr
Profit & Loss A/c -----Dr
To Capital Redemption Reserve A/c

Premium on Redemption A/c ---Dr
To Securities Premium A/c

can a shadow director be counted for the Board Quorum?

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How do you annalyse the Goodwill value of the Company ?? does the net worth value is the same as Goodwill value or wht ??

1 Answers   Wipro,

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Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.

3 Answers  

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I am forming a Pvt. Ltd. company with total 4 no. of directors including myself. I'll be providing all the financing via. initial capital investment + operating cost. We have mutually agreed to keep percentage as - 55% myself and 15% each of other 3 (15x3=45%) now my questions are : 1. What if one person backs out at any given point, what are implications and what would happen to his share of percentage ? 2. What should I do to keep a control on decisions and financial matters in case any of the directors cheats/wants to leave? (as my money will be on stake)

1 Answers  

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what was the need of Merger in 1991?

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What is claim ratio ?

2 Answers  

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i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.

2 Answers  

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"X" company paid the salaries to staff. Then what are the entry? Is debiting the employee A/c, or Salary A/c? If salary A/c debited, how we can find if "a" employee salary paid or not? If we debiting the employee A/c, how to find how much amount we paid for salaries?

2 Answers  

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what is credit managment & quqlity managment

1 Answers  

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How are GDR different from ADR when both are denominated in US dollors??

3 Answers  

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What do u meant by Nifty? and how it is calculated?

4 Answers  

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Sir, we have a machinery manufectred plant and now we want to ragistration in service tax what is the procedure for this pls help me in detal . we have ecc no. and tin no. already

1 Answers  

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