How does the rendering of services on account affect the
accounting equation? a. Liabilities increase; stockholder’s
equity decreasesb. Assets increase; liabilities increase c.
Assets decrease; stockholder’s equity increases d. Assets
increase; stockholder’s equity increases
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TDS RECEIVED WHERE WE HAVE TO SHOW IN BALANCE SHEET
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AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
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expand C A
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
Audit 
