what is Investment Fluctuation Fund? is it reserve or
provison?
Answer Posted / kamlesh vaghela
Its not a free reserve but a provision which is created for writing off decresed value of investment........It is tranfered to Realization Account or in Balance Sheet....It should not to be distributed to the partners' Capital Account.
| Is This Answer Correct ? | 26 Yes | 10 No |
Post New Answer View All Answers
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
What is corporate assesses?
what is the Journal entry for credit card bill paid from same bank account
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
what is profit maximisation
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
purchase plant and machinery
How is an accounting department structured?
Tell me what is project implementation?
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
What is an accounting transaction?
What is Prepaid Entry
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?
i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???
What are the activities that are included in the cash flow statement?