there exits holding subsidiary relationship at openning of the financial year. During the year holding company sold some shares and became an associate. The question whether Consolidated balance sheet is prepared as a subsidiary or as an associate?

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what is the accounting treatment when we transfer our shares to a potrfolio management services and when they sell on our behalf. will it be a tranfer ?( as they sent a statement showing that they acquired shares from us on market price prevailing on date of transfer and sent a cheque after deducting the chargeswhen the shares are sold)

if date of incorporation and commencement of business is not same which date is to be considered to decide pre and post in corporation period

Dear Sir,
Consider the following example:
H Ltd is holding company of A,B,C & D Ltd.
A & B Ltd having a Goodwill of Rs. 10,000 each in their balance sheet (before holding - Subsidiary Relationship exist)
While preparing a CFS for H Ltd. a capital Reserve Arising out of above four subsidiaries say Rs. 135000/-
Query:
1. Whether Capital Reserve arising on CFS can be netted off against Goodwill in A & B Ltd and Shown as a capital Reserve in CFS of H Ltd as Rs. 115000 (135000-20000)?
2. If yes, whether it amounts to Impairement of Goodwill, since the Goodwill was not arising on Consolidation?

From:
Narendra Saraf,
A CA-IPCC student,
Aurangabad.

Sir,
It is to submit that I have passed CA-CPT with a score of 111 out of 200 without any coaching classes. I am from 12th SCIENCE. I passed CPT by droping Accounts subject. I am poor in accounting basics and need to master accounting basics so as to become a CA. I am not undergoing any coaching. I am facing problems in IPCC preparation because of poor accounting basics. I request you to suggest me a list of good books for CA-CPT/Foundation which would help me master basics of accounting by doing self study.
Hoping for a positive reply.Thanking You.

what the meaning of Free Cash Flow ?
How to use FCF ?

Hi friends,
i have a doubt in my mind relating to DTA/DTL when the company pays MAT under income tax. Whether DTA will be created and if yes then upto what extent?

Thanks

Pls give me full explaination of Export Sales Accounting.
What is ARE. Pls Explain it also.

Thanks in advance

fazle_sap_fi@yahoo.in

residential flat purchase from buisness money in bal. sheet i show as asset or drawing ? (individual a/c finallisation in tally)