As19

I having Certain doubts.

 

1.In case of amalgamation of partnership firm Shall we prepare revaluation a/c instead of preparing realisation a/c  and calculating the purchase consideration (Based on PMqu.no 1).

 

2.operating lease under page no 2.53 and 2.54 .

   how to find lease rent  adjustment amount(LRA)

   next 2,3 year journal entry(to know LRA and P&L)

    lease rent  adjustment A/c

 

Kindly response to these queries

Replies (1)
Realisation a/c is prepared as we are selling all assets n settling liab ... in case of dissolution of firm...Whereas Revaluation is prepared when we are restructuring partnership. While calculating PC u have to consider the current value at which you are taking over the asset ....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details