Here is a compilation of top three accounting problems on underwriting of profit with its relevant solutions. Problem 1: A company incorporated on 1st April to acquire the running business of partnership firm from 1st January. Accounting year ends on 31st December. Find out the Sales Ratio of pre- incorporation and post-incorporation periods from the following information: 1. Sales for [...]
Here is a compilation of top seven accounting problems on company final accounts with its relevant solutions. Problem 1: The Alfa manufacturing Company Limited was registered with a nominal capital of Rs 6, 00,000 in Equity Shares of Rs 10 each. The following is the list of balances extracted from its books on 31st December, 2004: Prepare Trading and Profit [...]
Here is a compilation of top five accounting problems on amalgamation, absorption and reconstruction with its relevant solutions. Illustration 1: The Balance Sheet of Z Ltd. and A ltd. as on September 30, 2006 are given below: A Ltd. propose to take over Z Ltd. on the following terms: (1) A Ltd. will issue a sufficient number of its [...]