Can any one please give me explanatory notes on treatment of abnormal losses in Branch accounts?

Sir, in amalgamation of the firms in partnership, can you please tell me what is the significance of transferring the partners capital account (who have excess capital than required ie.the capital of the amalgamated firm is give in Que like:the new firm's total capital will be 90000(for example)) to his current account? Can you please help me Sir?

I want 2 no whether i can appear 4 pe 2 may 09 exam coz i have exhausted all my 5 attempts also will rechecking help me pass my audit paper i am 9 marks short of 150

Dear All,

Can anyone tell me what will b the procedure after passing Nov. 08 PE2 Examination till CA Final.
I Want complete explanation of how to get articleship and when will be my ca final attempt will b??????????
Thanx in advance

With Regards
Mohit Goyal

I am santosh recently passed my pcc exam in November 08
I got to hear the news that the Ca-Final attempt which as scheduled was to be held in November 2010 for us has been preponed by 6months
i.e. our final attempt is preponed by 6months
Those giving exam in may 2010 has already been preponed to November 2009
Will the same be observed for us?

Hi sir
i'm writting my PCC in may 2009 and would like to seek ur suggestion in my preparation of accounts. Like which chapters have to be more stressed and which are helpful for scoring good marks. and in which way should we prepare for accounts subject

i wanna know when will pcc may 09 examination will be held?is it may or june?

What will be the status of HUF account on the death of KARTA. Other co-parceners are willing to continue existing account by designating Senior Most male member as KARTA?

1.Is it permitted. Existing a/c can be continues with new KARTA?
OR
2. a new a/c is to required to be opened.

What will be the treatement of HUF account on the death of KARTA.If other Co-parcners are will to continue the existing account.

1. Existnig account can be continued with Senior most male co-parcner be designated as KARTA.

2. Existnig account to to be closed and a new account is to be opened.

Kindly guide me in this matter.

Max ltd. A foreign corporate, amalgamates on 1.10.2008 with Zenith ltd.Purchase consideration was fixed for Rs 20,00,000. Particulars of their assets are given below:

Particulars------max ltd----------zenith ltd
rate of dep.-----15%----------------15%-----

W.D.V as
on 1.4.08--------12lakh------------10lakh

machinery purchased on put to use
i)1.4.08
machine T --------5lakh----------------000---
ii)15.11.08
machine z---------00000--------------4lakh--

machine T is sold
on 30.11.2008------4lakh-------------00000----

Compute the deprecation allowance, admissible of Max Ltd. and Zenith Ltd. If:
(i)Max Ltd. is an Indian company
(ii)Max Ltd. is a foreign company