Liquidation of Company
Liquidation is the process a debt-laden company initiates to wind up its operations and sell its assets in order to repay said liabilities and other obligations. A company is liquidated […]
Statement of Affairs and Deficiency/Surplus
Statement of Affairs A Statement of Affairs (SOA) is a critically important document within the insolvency process that provides an overview of the company’s assets and liabilities. A statement of […]
Liquid for Final Statement of A/c Receivers Receipt and Payment A/c
The liquidator’s task is to realise the assets and disburse the amounts among those who have a rightful claim to it; in every case the liquidator has to prepare a […]
Consolidated Balance Sheet of holding Companies with One Subsidiary Only
Under Indian Company Act, there is no need to prepare combined or consolidated final accounts of holding and subsidiary company in the books of holding company but holding company attaches […]
Accounting for Amalgamation of Companies as Per Indian Accounting Standard 14 Accounting for Internal Reconstruction: Part 1
Amalgamation Amalgamation is defined as the combination of one or more companies into a new entity. It includes: Two or more companies join to form a new company Absorption or […]
Accounting for Amalgamation of Companies as Per Indian Accounting Standard 14 Accounting for Internal Reconstruction: Part 2
Accounting for Amalgamations Introduction This standard deals with accounting for amalgamations and the treatment of any resultant goodwill or reserves. This Standard is directed principally to companies although some of […]
Introduction to Business Letters: Positive and Negative Messages
An introductory business letter is supposed to make a good impression with a potential customer (called a prospect). Writing a letter to introduce your business to someone involves shifting the […]
Writing Routine and Persuasive Letters
Routine Letters “A business letter is a letter written in formal language, usually used when writingfrom one business organization to another, or for correspondence between such organizations and their customers, clients and other external parties. […]
Writing Memos
A memo (also known as a memorandum, or “reminder”) is used for internal communications regarding procedures or official business within an organization. Unlike an email, a memo is a message […]
