Answer Posted / khushbooyadav89

In the boooks of Transferee co.:-

1) Business Purchase a/c Dr.
To Liquidator of Vendor co.

2) Fixed Asset a/c Dr.
Current Asset a/c Dr.
G/W a/c(bal. fig.) Dr.
To Business Purchase a/c
To Current Liability a/c
To Long Term Liability a/c
To Capital Reserve a/c(bal. fig.)

3) Liquidator of Vendor co. Dr.
To Shares in transferee co.
To cash a/c

April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

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6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

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Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.

2103

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What knowledge should financial accountant have?

703

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FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L

2566

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Tell me what is reversing journal entries?

574

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salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry

1131

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Explain what is double-entry accounting? Explain with an example?

651

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In which account does the unpresented cheque will get recorded?

719

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Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?

3235

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My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523

1673

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what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......

1708

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What are the criteria for accounting job?

1430

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I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

1640

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I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

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