anyone can help me in consolidation I dont know which q to do or not to do I am confused plz suggest basics so that I can solve that part in every question and important adjustments

anyone can help me in consolidation I dont know which q to do or not to do I am confused plz suggest basics so that I can solve that part in every question and important adjustments

how to calculate average capital employed when opening balance of general reserve and profit and loss given whether to use such info for calculating profit and applying 1/2 profit formula or calculating opening capital and then doing average

dear sir,
I want to ask you a doubt arise while i preparing financial statement.

suppose i prepared financial statement in 2015 without incorporating of tax & duties in figures shown in profit & loss
but in 2016 i want to incorporate taxes also in my financial statement

so please guide me as how will i show figure of 2015 , while preparing FS2016 whether without incorporating tax or with incorporating taxes ?


waiting for your reply............

Hello..

I entered all the opening balances in tally.erp9(Pirated Version) from a given already tallied trial balance. However, inspite of each entry is correct given effect of dr / cr, there still stands difference in opening balance, either on Asset side or Liability side.. I checked thoroughly, it still is the same. Could it be technical error just because i use pirated version??
I would like to add that, i checked all the ledgers right from its previous years..

Please help me to remove this difference

Hi Professionals,

We are running a business where our customers paying installments every month and in return we deliver them products at the end of last installment.except this we make a draw every month and winner of draw gets rewards like vehicles,jewellery and iphones etc.we have also a plan if anyone gives us sale,we give them rewards as i mentioned above.we make cash purhcases and give them to our winners.we also give them commision on target completion.my question is what accounting treatments are needed to be done here.do we consider these a sale or gifts.what journal entries are required to be passed.any help would be highly appreciated.

clearly explain the difference between WIP and semi finished goods urgently. If possible with example

Whether initial expense on plumbing on the rented building can be capitalized?

A company spends X amount of money to build a metro station in companies land for convenience of employee commute. But station does not belong to company and none of assets. and station will be used by public also.

What is the accounting treatment? If possible can you give me reference to IND AS or Guidance Notes?

Thanks in Advance for the help.

Regards,
CA Sumanth

M/s X and Y entered into an agreement with Y ltd. for 60% of the issue of 15% 50,00,000 debenture with firm underwriting of 500000. Marked applications were for 35,00,000 debentures. What is the liability of underwriters ?