Accounts
This query is : Resolved
11 September 2011
Please mention the nature of the following accounts with regards to the Golden Rule:
1. capital reserve
2. C.R.R.
3. Share allotment a/c
4. Discount on issue of shares
5. Provision for Depreciation
1. capital reserve
2. C.R.R.
3. Share allotment a/c
4. Discount on issue of shares
5. Provision for Depreciation
26 September 2011
Souvik Kumar Ghosh
( Author )
11 September 2011
Please mention the nature of the following accounts with regards to the Golden Rule:
1. capital reserve- Liability account in the form of reserves
2. C.R.R.- also capital reserve
3. Share allotment a/c - such account does not raise at the balance sheet date as it is personal account being created to represent the cash/ bank balance of persons who had given as capital contribution on company, to be shown as liabilty and on allotment, the liabilty towards such person is converted as libility towards members of company
4. Discount on issue of shares- Miscellaneous expenditure in the nature of derrered expenses account
5. Provision for Depreciation - It is provison account which accumulates the depreciation of the asset. it is a provision for dimuliation in the value of asset and always to be deducted from the asset.
( Author )
11 September 2011
Please mention the nature of the following accounts with regards to the Golden Rule:
1. capital reserve- Liability account in the form of reserves
2. C.R.R.- also capital reserve
3. Share allotment a/c - such account does not raise at the balance sheet date as it is personal account being created to represent the cash/ bank balance of persons who had given as capital contribution on company, to be shown as liabilty and on allotment, the liabilty towards such person is converted as libility towards members of company
4. Discount on issue of shares- Miscellaneous expenditure in the nature of derrered expenses account
5. Provision for Depreciation - It is provison account which accumulates the depreciation of the asset. it is a provision for dimuliation in the value of asset and always to be deducted from the asset.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- TDR receipts for agreement holder
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Company Incorporation - CA and directors signing from different states
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
