guys plz tell me will there be employess compensation ac DR. to ESOP ac in esop question?

ya.........................

thanks rahul

welcom..............

Ans 1 (a) Amount to be capitalized = Rs 4,80,000

Amount to be charged to P and L A/c= 7,20,000

(b) Dont know

(c) Amount to be transfered to capital reserve = 60,000

(d) 1 Head office exp to Head ofice A/c

2 Deprectiatio Dr to head ofice a.c

3 Head Office to salaries

4 Head Office to Debtor

Ans 2 Realisation loss = Rs 1,00,300

In applying Garnar murray P and Q will be liable to contribute deficiency. S having debit balance wil not bring anything

Entry for garner murray

P Dr 12,636

Q Dr 8,424

To R 21,060

Ans 3 I left it in choice

Ans 5 a Opening stock reserve = 59850 Closing stock reserve = 80,640 GP rate of current year = 16% Final Profit = 27,73,710 ( approx)

b rebate = 37591 current year income = 6,33,819

Ans 6 a P NIL Q 4500 R 4320 S 3188 T 2000

ans 6 b Premium = 16,78,200 claim 12,00,000 tax may be deducted here or may be deducted in p and l ( i gave note and transfered to p and l) Profit = 115050

Ans 7 a Whole 8 lacs can be written off provided that the accounts are not approved till may 2011 ( AS 4)

c Employees Compensation Expenses to be charged to P and l = Rs 4,32,000

d theory

e Reliability, relevence, etc

Guyz Please correct me if i am wrong

check premium amount again

hi guyssss........i hope you all did well in today exam... paper was good..

frnds what about question of electricity co.????????

parer was goooooood......

paper was good n now hoping for best results

IT WAS REALLY VERY GOOD.............