Forums

PPF and SIP balance

Accountancy

answered on 09-Jul-23 11:33

Will the balance sheet of a person whose income is from consulting include balances of Public Provident Fund and SIP as investments or not?

latest answer

Systematic Investment Plan

Jiya T

Jiya T

CA Inter

10

5

405

Depreciation

Accountancy

answered on 11-Jul-23 09:43

6,7

latest answer

Workshop rent will not be added

Sneha Kasturi

Sneha Kasturi

CA Inter

4K+

3

314

Capital or revenue expenditure

Accountancy

answered on 09-Jul-23 11:18

Amount spent 1) Preliminary expenses 2) advertising a product 3) amount spent on research a product 4)Give examples for deferred revenue expenditure ?

latest answer

1. Capital in nature 2. Revenue exp

Sneha Kasturi

Sneha Kasturi

CA Inter

4K+

6

314

Profit or loss pre and post incorporation

Accountancy

answered on 09-Jul-23 08:50

On wt basis advertisment ₹36000 is allocated and why?

latest answer

Tq

Ujwal Reddy

Ujwal Reddy

CA Inter

7K+

6

326

About carry forward marks under new scheme

Accountancy

answered on 09-Jul-23 11:21

Sir I got advanced accounts 69 marks in May 23 whether the same marks carryforward or not in new scheme

latest answer

Yes

OMKAR REDDY

OMKAR REDDY

CA Inter

6K+

3

264

IND AS

Accountancy

answered on 07-Jul-23 15:01

In Chapter 1 - The list of IND AS is provided should we learn the number & names for exam purpose. Or whether basic reading & understanding is sufficient

latest answer

Okay...Thank You

CYNOPHILE S

CYNOPHILE S

CA Inter

925

5

343

Doubt

Accountancy

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

sai t

CA Foundation

2K+

4

366

CA Inter Accounting New Syllabus

Accountancy

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

Ardhendu Sekhar Acharya

CA Inter

250

6

370

Partnership Accounts

Accountancy

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

Neha Baliga

CA Inter

16K+

1

299

Hire purchase

Accountancy

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

Sri ram Pothineni

CA Inter

11K+

1

346