Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between absorption, amalgamation and
liquidation of companies? And why realisation account is
being prepared ?
- 2 Answers
- 23809 Views
- I also Faced
- E-Mail Answers
Answer Posted / jayanti
Absorption refers to the process by which a company fully
takes over another company and carries on the existing
business of his with additional resources of the company
taken over.. while amalgamation means two companies coming
together to form a new entity and carry on the businees.
realisation account is prepared just to make a statement
showing the distribution of the companies assets that are
realised among shareholders, creditors and others before
the company is fully closed.
| Is This Answer Correct ? | 55 Yes | 6 No |
Post New Answer View All Answers
how we could adj. the entries of prop. & firm in merging time
A----------involves transfer of money or moneys worth from one person to another
difference betwwen the 4.6 & 4.7 ecc versions
Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
in which group under we will open donation and hamali weekly payment account or ledger
WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
Expand-------NABT
what is the meaning of Processing Vendor/Employee payments
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
what's accounts payable
where we use the convetion of conservatisam in real life??
