IPCC
This query is : Open
Hardik Ashra
(Querist)
24 July 2009
Dear Sir/Ma'm
What are the journal entries in the books of Company as well as LLP on conversion of Company into LLP specifically for share capital & reserve and Partners' contribution?
Thanks for reply in advance.
What are the journal entries in the books of Company as well as LLP on conversion of Company into LLP specifically for share capital & reserve and Partners' contribution?
Thanks for reply in advance.
24 July 2009
i m going to appear for may2010 attemp of IPCC, plz guide me about how to study as I have not joined any class. Can I refer "Compilation" book, which has previous yrs question papers?, or should i go ahead with the authors available in the market like "paduka" and so on? plz help me in this regard.
Alex Fernandes
(Querist)
24 July 2009
Helloo
I wants to ask that a housing society has been newly formed and no audit was conducted in the F.Y 2007-08 but in 2008-2009 however audiy has been conducted and only sinking fund has been created,But as per Bylaws of Society out of the profits after interest ,25% should be transfereed to Reserve Fund .Is I am correct please suggest whether any other fund needs to be created.Its urgent
I wants to ask that a housing society has been newly formed and no audit was conducted in the F.Y 2007-08 but in 2008-2009 however audiy has been conducted and only sinking fund has been created,But as per Bylaws of Society out of the profits after interest ,25% should be transfereed to Reserve Fund .Is I am correct please suggest whether any other fund needs to be created.Its urgent
Manmohan ACA, CS
(Expert)
24 July 2009
Simply
Debit EQ shares capital and all reserve and surplus and credit partnets capital
Debit EQ shares capital and all reserve and surplus and credit partnets capital
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