Doubt

answered on 07-Jul-23 16:02

Suraj sir can you please explain what is utilisation of input tax credit under gst because it is a new concept in ca foundation under new course

latest answer

OK sir thank you 🙏🙏

sai t

CA Foundation

★ 2K+

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287

CA Inter Accounting New Syllabus

answered on 07-Jul-23 16:43

I have a doubt. All those chapters which have been removed from CA Inter Accounting syllabus ( Paper 1 and 5 ), where will we read those chapters now ? Is the knowledge of those chapters not important for a CA ?

latest answer

Yes

Ardhendu Sekhar Acharya

CA Inter

★ 250

6

307

Partnership Accounts

answered on 06-Jul-23 17:14

When should the Garner and Murray rule be used ?? Will it specifically be given in the question???

latest answer

Applicability of Garner and Murray rule (3 cumulative conditions) 1. Atleast 1 partner is insolvent 2.Atleast 2 partners are solvent & has credit balance in partnership account 3. No agreement to share insolvent loss May be given in question or otherwise we have to conclude by applying above conditions

Neha Baliga

CA Inter

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1

237

Hire purchase

answered on 07-Jul-23 16:49

Difference in Illustration 8,illustration 11 In Illustration 8 xtd settled 2 milk vans for entire amount of 3 years Where as in Illustration 11 xtd settled settled only for year year 2 only Is it correct ? Kindly explain

latest answer

Can you share both illustration.

Sri ram Pothineni

CA Inter

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1

305

Incomplete records

answered on 04-Jul-23 09:27

Plz solve this problem .. I'm unable to find sales amount

latest answer

Interest on capital (28000+1000)*5% = 1450

KanakaMahaLaxmi Gunisetti

CMA Inter

★ 3K+

6

258

CFS

answered on 11-Jul-23 09:53

if Co have to pay VRS why is it shown in asset side of bs ?

latest answer

Pls share the question

Sushmita Chowdhury

CA Inter

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297

CFS

answered on 01-Jul-23 15:56

pl blnc on 2016 = 250 pl blnc 2017 = 0 why it means Co incurred loss 2017 ? why it don't mean there is no profit ?

latest answer

The question represents the balance in reserves and surplus.the figures represent how much u have transferred to pl account in reserves and surplus heading,not how much profit they have earned.think those numbers like cumulative depreciation account not like depreciation account

Sushmita Chowdhury

CA Inter

★ 2K+

1

262

Deferred tax asset and deferred tax liability

answered on 01-Jul-23 08:32

Explain it in brief 👆with example

latest answer

https://youtu.be/WMJWDyKp3X0

Sri ram Pothineni

CA Inter

★ 11K+

2

298

Financial modelling

answered on 29-Jun-23 13:18

Can someone suggest some verified platforms for doing this?

latest answer

Shared from *1FIN by Indigolearn* Financial Modelling https://1fin.page.link/YpwjW1D5gNzBnDVWA

yuvashree venkatesan

CA Inter

★ 5K+

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365

CRR

answered on 28-Jun-23 11:56

Will CRR control inflation?

latest answer

RBI can control inflation is by increasing the CRR. CRR is the amount of cash that banks are required to keep with the RBI as a reserve. By increasing the CRR, the RBI can reduce the amount of money available with banks for lending. This, in turn, can reduce the spending power of people and help control inflation.

Sugam SM

CA Foundation

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1

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