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Answer Posted / ashish srivastav
as per my view Consolidation or amalgamation is the act of
merging many things into one. In business, it often refers
to the mergers or acquisitions of many smaller companies
into much larger ones. The financial accounting term of
consolidation refers to the aggregated financial statements
of a group company as consolidated account. The taxation
term of consolidation refers to the treatment of a group of
companies and other entities as one entity for tax
purposes. Under the Halsbury's Laws of
England, 'amalgamation' is defined as "a blending together
of two or more undertakings into one undertaking, the
shareholders of each blending company, becoming,
substantially, the shareholders of the blended
undertakings. There may be amalgamations, either by
transfer of two or more undertakings to a new company, or
to the transfer of one or more companies to an existing
company". Thus, the two concepts are, substantially, the
same. However, the term amalgamation is more common when
the organizations being merged are private schools or
regiments.
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hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
Please share different type of Z report
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Short Answer on ______________House Rent allowance
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Breif notes about accounting standards
EXPAND___________IMF
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What is Summarising
why should we are preparing BRS
Comments Elements in accounting
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My BASIC Salary is 18,000
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
