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IAI May 2013 Examination Q17

P

paryas.bhatia

Member
Please tell me why the cash and bank balance is taken as Rs.20850 and Rs.7200 is not added for raising of capital? If the answer is that we have assumed it to be completed on 1st October 2013 than why is it taken in the share capital? What would be the treatment if we assume that treatment was completed on 31 March 2013?
 
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