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Query
Accountancy
answered on 12-Jan-21 19:13
Income tax s paid by individuals and corporation by companies,which means income tax s not paid by companies. Am I right ???
latest answer
No
Reetikaa R
CA Final
★ 7K+
7
767
Amalgamation
Accountancy
answered on 30-Jan-21 20:09
Do we have to present the balance sheet necessarily in the vertical format following schedule 3? Or could we even use the t-format to present our balance sheet as answer.. will they not award marks if t-format is followed?
latest answer
By Net Assets Method (1,00,000-25,000=75,000)
Srimathi R
CA Inter
★ 290
4
671
Derivative liabilities
Accountancy
answered on 13-Jan-21 17:37
Liabilities held for the purpose of being traded. What does this mean? How can liabilities be traded?
latest answer
You will understand this at Final Level. These cover financial instruments
Aman Mahajan
CA Final
★ 19K+
3
913
Departmental accounts
Accountancy
answered on 18-Jan-21 18:23
Y in this pic customers account s shown on assets side
latest answer
Yes sir thank u so much sir
Reetikaa R
CA Final
★ 7K+
19
850
General Reserve
Accountancy
answered on 11-Jan-21 08:54
Sir, in the video for reserves and surplus, you mentioned that if a company wants to move back amount from general reserves to P&L for payment of dividend, there are certain restrictions. But why will a company move back the amount from reserve to P&L? it can distribute dividend directly from profit after transferring to reserves.
latest answer
To declare dividends from General Reserve, there are conditions prescribed in Companies Act.
Aman Mahajan
CA Final
★ 19K+
1
815
Share warrants
Accountancy
answered on 14-Jan-21 13:16
Sir, in the video for share capital, you said that nowadays there is limited applicability of share warrants. Does that mean that only some companies are permitted to issue them or does it mean that only few companies issue them (by choice)?
latest answer
Out of choice
Aman Mahajan
CA Final
★ 19K+
3
662
Branch Accounting
Accountancy
answered on 11-Jan-21 21:34
I am not getting the book answer. Could you please help me in solving this answer?
latest answer
How to find credit sales in this sum sir
Swetha S
CA Inter
★ 15K+
2
822
BRS
Accountancy
answered on 10-Jan-21 06:15
Sir how can we logically differentiate errors and timing difference
latest answer
Errors are incorrect postings. Timing difference occurs when transactions are posted in different periods.
nisam M
CA Final
★ 23K+
1
840
BRS
Accountancy
answered on 11-Jan-21 10:15
sir how do we distinguish whrther adjustments in the question is rectification in cash book or not . Iam getting confuse , please a logical way to understand it
latest answer
It would be mentioned in the question. Either to rectify the cash book or to find updated balance in cashbook
nisam M
CA Final
★ 23K+
1
769
In bill of exchange
Accountancy
answered on 11-Jan-21 10:36
In this question how do we calculate suresh share of discount on the 2nd bill and sir explain the logic
latest answer
Thanks bro ð???ð???ð???ð???
nisam M
CA Final
★ 23K+
2
722