Journal entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2014
mr. A acquired running business for cash rs 150000.
07 May 2014
Assets A/c Dr
Goodwill A/c Dr
(if cash paid plus liabilities acquired exceed assets acquired)
To Cash A/c cr
To liabilities Cr
To Capital Reserve (if assets acquired exceed cash paid plus Liabilities acquired)
Goodwill A/c Dr
(if cash paid plus liabilities acquired exceed assets acquired)
To Cash A/c cr
To liabilities Cr
To Capital Reserve (if assets acquired exceed cash paid plus Liabilities acquired)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Payment for sale in March and Sale deed registration to be done in April
- GST APPEAL ITC
- Treatment of TDS under Section 194-IA in case of cancelled property transaction
- Unable to file 3B monthly return
- REGARDING ITR OF TRUST
- Surcharge on discretionary AOP/TRUST for AY 25-26
- PTRC PAYMENT & RETURN FILING (Annually)
- TDS U/S 194S VDA
- TCS Return Without PAN
- FOR MODIFICATION IN BUILDING MATERIAL GST ITC ALLOWED.
- Wrong input tax repayment
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
