#11 Internal Reconstruction - Problem 9 - ICAI Illustration 8 - By Saheb Academy
Here I have solved a full fledged question of Internal Reconstruction with 7 adjustments.This is Illustration 8 from the ICAI study material. ( Recover Ltd. )
I have also explained the concept of Bank Overdraft Adjustment in a simple way.
⏱TIMESTAMPS
00:00 - Question - Recover Ltd.
05:00 - Journal Entries : Reduction in Face Value of Pref Shares
20:12 - Reduction in Face Value of Equity Shares
11:12 - Debenture holders took over Freehold Property
16:14 - Sale of Investments
17:46 - Contingent Liability
19:48 - Utilization of Capital Reduction A/c
23:54 - Balance Sheet
31:26 - Bank Overdraft Adjustment
This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.
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