guys plz tell me will there be employess compensation ac DR. to ESOP ac in esop question?
guys plz tell me will there be employess compensation ac DR. to ESOP ac in esop question?
ya.........................
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.????????
paper was good n now hoping for best results
IT WAS REALLY VERY GOOD.............
Your are not logged in . Please login to post replies
Click here to Login / Register
RMA And Associates LLP
New Delhi
CA Inter
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
CCI
Pro
India's largest network for
finance professionals