surya tejas
(nil)
(30 Points)
Replied 08 November 2014
Akhil
(A)
(38 Points)
Replied 08 November 2014
dinesh
(Hyderabad)
(21 Points)
Replied 08 November 2014
Akhil
(A)
(38 Points)
Replied 08 November 2014
Aditya dutta
(Student)
(66 Points)
Replied 08 November 2014
Varsha V
(IPCC student)
(21 Points)
Replied 08 November 2014
Originally posted by : Aditya dutta | ||
ICAI asked internal reconstruction in gr-1. Is there any chance that they will not ask IR in group 2 |
Nothing lyk that...In may 2013 attempt they askd IR both in grp 1 and grp 2..
N amalgamatn problm ws der in may 2014 attempt in grp 2 so chance fr asking amalga this tym is low i guess... !
Girish Baliga M
(MBA)
(46 Points)
Replied 08 November 2014
Krishna Agarwal
(Student)
(37 Points)
Replied 08 November 2014
Kartik parekh
(Tutor)
(84 Points)
Replied 08 November 2014
Partnership
Revaluation Loss: 93500, Anuj 37400, Ayush 37,400 & Piyush 18,700
Anuj Loan - Rs 283,067
Capital Balances of Ayush & Piyush 297,217 & 297,217
Balance Sheet Tallied at 11,03,500
Internal Reconstruction
Capital Reserve of 26,00,000
Balance Sheet Tallied on 3,09,00,000
Kartik parekh
(Tutor)
(84 Points)
Replied 08 November 2014
Insurance Claim:- Closing stock - 141,500, Loss 141,500-27,000=114,500
Claim = 114,500/141,500*75000 = 60,689
RAKESH MEHTO
(CA STUDENT)
(51 Points)
Replied 08 November 2014
how to calculate closing stock 141500
Kartik parekh
(Tutor)
(84 Points)
Replied 08 November 2014
Debit side:- Opening Stock 120,000+Purchases 240,000+Wages 70,000+Gross profit 62,000 (310,000*20%)
Credit Side:- Sales 310,000+ goods taken by Proprietor 20,000(at cost)+ consignee 18,000+ free samples 2,500
So closing stock is 141,500