Question
X Ltd. is merged with Y Ltd. under the pooling of
interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated in the books of Y Ltd.?Solution
As per AS 14, under pooling of interests method, all the reserves (including general reserve and surplus) of the transferor company (X Ltd.) are preserved and added to the same heads in the books of transferee company (Y Ltd.). Indian Contract Act, 1872
The ratio of speeds of ‘E’ and ‘F’ is 11:5, respectively. If the sum of time taken by them to travel 550 km each is 80 hours, then find the diff...
A train covers a distance of 120 km at the speed of 75 km/h the next 63 km distance covers with a speed of 45 km/h and last 90 km with the speed of 40 k...
A car travels from point A to point B at a speed of 60 km/h and returns from point B to point A at a speed of 80 km/h. If the total time for the round t...
Traveling from point 'I' to point 'J' takes 9 hours less at a speed of 72 km/h compared to traveling at 36 km/h. If 70% of the distance is traveled at 6...
Priya headed out from point A at 9 m/s. 12 seconds later, her friend Kavya started walking faster from the same place and caught up to Priya in 48 secon...
- The speeds of Kavita and Sunita are in the ratio 9:7. Meena travels 780 km in 13 hours. If Sunita’s speed is 30% less than Meena’s, find the time Kavit...
Speed of a car and a bus is 30 km/h and 6 km/h, respectively. If the time taken by the car to cover a distance of ‘10x’ km is 2 hour less than time ...
The tops of two poles of height 60 metres and 35 metres are connected by a rope. If the rope makes an angle with the horizontal whose tangent is 5/9 met...
In a 1000-metre race, 'Ravi' beats 'Shyam' by '200' metres and 'Raj' by '300' metres. If 'Shyam' and 'Raj' participate in a 400-metre race, and 'Raj' ge...
A car running with a speed of 55 km/hr takes 12 hours to go from 'A' to 'B'. If on the way back from 'B' to 'A', the car takes 20% less time than it tak...
