Answer / raju

While amalgamating the company if the holding company pays
more to buy(amalgamate)subsidiary company then its treated
as goodwill/profit it will shown in balance sheet at the
asset side..

If the holding company pays less to
buy(amalgamate)subsidiary company then its treated as
goodwill/loss it will shown in balance sheet at the
liabilities side.

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The following are the transactions with respect to goods traded by Gopal- i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash iii) Bought goods Rs.45,000 from Suresh & Co on credit iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000 v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs 9000) vii) Received cash from Gangadhar Rs.11,500 in full settlement. viii) Paid carriage charges on the goods purchased Rs.2,000. Find out the closing stock as on 31 -1-2005. Also, find how much is still due to Suresh?

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what is meant by debit and credit

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what is primary cost category?

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for an inter branch bank transfer (sbi to sbi)what entries should we pass?

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