Interested to Buy Any Domain ? << Click Here >> for more details...
If you have a charitable company, limited by guarantee, and
a trading subsidiary, which is also a company, how do you
consolidate the accounts?
- 1 Answers
- 5592 Views
- I also Faced
- E-Mail Answers
Answer / guest
Subsidiaries that are companies are always consolidated in
accordance with FRS 2 on a line by line basis. Where the
subsidiary is not a company, or where there are multiple
levels of subsidiary (eg sub-subsidiaries) advice should be
sought to clarify the position.
| Is This Answer Correct ? | 1 Yes | 0 No |
what is the difference of Capital and Investment?
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.
Can anybody tell when sbh dispatches appointment letters for Clerical for people completed medical and scrutiny of documents on 15/08/09?
0 Answers State Bank of Hyderabad SBH,
I WANT TO DO THE CS AND THEREFORE I M WORKING HARD THE PREIOUS QUESTIONS WHICH I AM ASK TRY TO GIVE IT TIMMORROW IS POSSIBLE.
what is the Journal entry for Salaries outstanding? Giv an example.
27 Answers ACS, Apple, Cognizant, Genpact, HSBC, Infosys,
The company has incurred Preliminary expenses. As per old Schedule VI these are to be shown under the head MISCELLANEOUS EXPENDITURE in Assets side of Balance Sheet. Now where to show these expenses under revised Scheduke VI.
can a shadow director be counted for the Board Quorum?
I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?
what is the procedure for obtaining a certificate for exemption from TDS where my income slab is not taxable..
Give the company law and income tax law depriciations rates how both are calculte?
WHAT DO U MEAN BY DIVIDENDS. WHAT IS THE TYPE OF DIVIDEND AND IS THIS PROFIT OR INTREST?
Audit 
