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could anyone please write the double entry for this adjustment? in this scenario if there is dividend expense and dividend payable both presented in the accounts
please send me at professional120@mail.com
@mikelittle said:
You seem to be going round in a big circle! What’s the matter, after the initial impairment, with Dr cash, Cr Ahfs. Then take the credit balance on Ahfa account to the Statement of Income.Pay the expenses of disposal Dr Expense Cr cash, then write costs of disposal off to Statement of Income
i do not understand the bold line…i want to know about impairment loss i.e. first entry
Dr Impairment loss 100,000
Cr AHFS 100,000and then again we do the following entry
Dr cost of disposal 100,000
Cr Cash 100,000is this the thing you want to say? please help me on this
Regards
dear zuiis do u have the question and answer of pre acq divident…please provide it to me
dear zuiis do u have the question and answer of pre acq divident…please provide it to me
i do not see the question…but i try to explain the thing…senior members are requested to second my explaination…basically pre acq profit is the thing we purchased from subsidiary…if the sub is acquired in the middle of the year then upto the date of acquisition all profits are pre acq profits and after the date of acquistion all profits are post acquistion profits…pre acq become part of goodwill working and NCI working proportionately……hope it will help
dear Mike
i have solved the question. i m concerned about intial recognition issue…apart from that…if u dont recognise the any deferred tax on initial recognition and ias said that deferred tax can not be recognised on such item subsequently…i want to ask then which are the items (assets / liabilities) on which deferred tax should be recognised coz nothing remains if we apply this rule…please help me to resolve my confusion…kind regards
