Redemption of debentures
Method of redemption of debentures:a) Lump sum
b)Purchases in open market & cancelled.
c) Purchase in open market treated as investment &
cancelled later on.
d)Debenture redemption reserve method.
e)Redemption of debenture in inst
Liquidation of Companies
Mode of winding up of company
1. Compulsory winding up.
a. By creditors
b. By Deb. holders
2. Voluntary winding up.
3. Winding up under supervision of court.
Liquidators final statement of accounting
When company is wound up. Liqu
There are two type of insurance company:1. Life insurance company.
2. General insurance company.
Life insurance companies:1. Claims (expenditure):- Any expenditure requiring
claim will be added to claim paid, claim are
classified as:a. C
Framework for Preparation and Presentation of Financial
1.Components of Financial Statements
A set of financial statements consists of a Balance Sheet, a Profit and Loss and a Cash Flow
Statement alongwith notes, statements and other explanator
Financial statement of banking company
Simplified balance sheet of bank
1. Share capital
2. Reserve & surplus
5. Other liabilities and provision
1. Cash and balance wi
Dissolution of Partnership
When one partner is insolvent
The unpaid debit bal. of insolvent partner is
deficiency . the solvent partner with bear the deficiency
of insolvent partner in capital ratio just before
Formalities of Garner v/s marry
Two types:a. Foreign branch
b. Home branch:1. Independent branch
2. Dependent branch
It cant make purchases. It will sells goods sent
by head office, cash collected from cash sales or from
debtors is remitted to head office daily.
Employee stoke option plan
It means share offer to the employee at lower price. It is
indirect benefit provided to employee. It is at the option
of employee to buy share or not to buy share at lower
1. Offer made:- when the off
AMALGMATION OF FIRMS
When two or more partnership firms are merged together, it is amalgamation of firms.
Main accounting problems:
We are to close the books of old firms and opening of books of new firm.
Closing the books of old firms:
1. Transfer of acc
HIRE PURCHASE SYSTEM
1. Meaning of Hire Purchase
2. Parties to Hire Purchase
3. Payment System under Hire Purchase
4. Cash Price
5. Hire Purchase Price
6. Down Payment
8. Transfer of asset
9. Transfer of Ownership
10. Completion of transact