1. why do we write off cost of issue of debentures in case of merger from Pand loss a/c like
sundry assets
To sundry liabilities
To Reserve ( suppose 180 - 20 ) ,20 amount is of cost of issue od debntrs.,.....but why?
To debentureholders why not 5% dentures? (Doubt )
2.Provision is liability so whats the difference b/w provision for bad and doubtful debts and reserve for bad and doubtful debts?
3.Why cant we purchase shares directly from company and through broker only?
4. why do creditors have market value?
5. In 1st question entry,why cant we write 5% dentures and debentureholders only?
6.IF company takes over all assets except debtors for which provision on debtrs is to be raised ( whats the meaning of this line exactly )?.......then can we write net amount as follows :
sundry assets
debtors ( net amount )
CAclubindia
