What is the difference between limits and panaltiess and provision is all are same

answered on 22-May-23 22:23

S

latest answer

Subsection means all are regarding common matter Simple example sec8(1),8(2),8(3) these are subsections in companies Act because all r regarding Non profit organisations Clause means all matters are independent Example sec 2 of any act provides definitions One def not related to other then sec 2 always clauses only

R K

ACCA Skill

★ 9K+

3

313

What ever be learn today be revised today it willl easy when revision after 4to 5 weak we forget everything why this is happening

answered on 20-May-23 08:28

Good or bad

latest answer

Yes it happens as human being... Once the chapter is over take your own summary notesz and keep seeing again again I know it will take more time to prepare summary notes but do that ... U will never forget

Lkg Ydv

ACCA Professional

★ 915

4

399

Accounting process

answered on 21-May-23 12:52

Whether bank is a real account or personal account?

latest answer

You can treat it either ways.

Divinne Fiona

CA Inter

★ 9K+

9

374

Partnership - sale of firm

answered on 21-May-23 13:00

In this question why unrecorded liability is not treated as loss and also not debited in realization account. In previous examples unrecorded asset is treated as gain in dissolution problem. That's why I'm asking

latest answer

The unrecorded liability is being taken over by the company. So it automatically adjusts the purchase consideration.

Shankara Vel

CA Final

★ 4K+

1

274

DRR and DRI

answered on 22-May-23 11:44

When we create DRR out of free reserves, ofcourse we would've kept that amount extracted from free reserves, as DRR, into some or the other bank account , so our bank bal.on asset side would've increased, and can be used to pay off the deb.holders. Then why do we separately create DRI to increase our asset side and use it later to pay off Deb. holders (when increased bank bal., Due to DRR creation, could've been used)?

latest answer

https://youtu.be/lXhl2rhCjBU

Garima Bhargava

CA Inter

★ 185

4

459

How to increase speed

answered on 22-May-23 11:37

1 h takiing solving some questions

latest answer

Practice

R K

ACCA Skill

★ 9K+

4

362

Settling liabilities during liquidation

answered on 22-May-23 11:57

If a company has secured debentures, unsecured Deb., Secured creditors, unsecured creditors, then what will be the order of repayment to them by selling assets of co ? Does creditors of co. get privilege over debenture holders while repayment?

latest answer

Okk sir got it👍

Garima Bhargava

CA Inter

★ 185

4

295

Employee cost in statement of p&l

answered on 24-May-23 11:25

Does employee cost in statement of p&l includes direct labour wages also??

latest answer

Yes

Atharv Sankliya

CA Final

★ 3K+

10

277

One subject how many hours I can study

answered on 22-May-23 11:12

H

latest answer

https://youtu.be/w0ME0n1joAc

Lkg Ydv

ACCA Professional

★ 915

7

761

Principles and practice of accounting

answered on 18-May-23 14:10

The materiality depends only upon the amount of the item and not upon the size of the business,nature and level of information, level of the person making the decision etc. I think the answer is false,but the solution given in the material is true!! Can anyone please explain with reason,why is the solution true?

latest answer

No, the statement is not true. Materiality is a concept in accounting and auditing that considers the significance or importance of information in relation to a particular decision or financial statement. It takes into account various factors, including the amount of the item, but it is not solely dependent on the amount. Materiality can also be influenced by the size of the business, the nature and level of information being assessed, the context of the decision being made, and the level of the person making the decision. What may be considered material for a small business could be immaterial for a large corporation. Additionally, materiality judgments can vary depending on the specific circumstances and the users of the financial information. In summary, materiality is a multifaceted concept that considers various factors beyond just the amount of the item involved.

Divinne Fiona

CA Inter

★ 9K+

1

374