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Investments are assets held by an enterprise for earning income by way of dividends, interest and rentals, for capital appreciation, or for other benefits to the investing enterprise What Does other benefits means, does it include non monetary/financial benefits
Answers (23)
Thread Starter
Atharv SankliyaNon economic benefits
So then why not for employees benefits in the long run like investment in their welfare ..sports ground , yoga centes etc ..
Shrikant
So then why not for employees benefits in the long run like investment in their welfare ..sports ground , yoga centes etc ..
Can you please explain in detail I don't get it
Such questions won't be asked in the exam..just have an Idea about investment and process of accounting for investment..any ways question asked based on intrest , devided ...even rental also won't be asked in problem solving..but just understand that any investment made by company for other benefits than those specified above are other benefits.
CA Suraj Lakhotia Admin
Other benefits could be for e.g. - Investment in Subsidiary to get control over raw materials/ patents etc.
But sir preceding words relates to economic benefits so does the general word also relates to it?
Thread Starter
Atharv SankliyaBut sir preceding words relates to economic benefits so does the general word also relates to it?
General words = other benefits Means can we apply ejusdem generis rule here? Sir please clarify
Thread Starter
Atharv SankliyaGeneral words = other benefits Means can we apply ejusdem generis rule here? Sir please clarify
Other benefit means strategic benefit,control,tax benefit,diversification,net worth etc…
Rishi jain
Other benefit means strategic benefit,control,tax benefit,diversification,net worth etc…
Can you elaborate what do you mean by networth, tax benefit in this context ...
Thread Starter
Atharv SankliyaGeneral words = other benefits Means can we apply ejusdem generis rule here? Sir please clarify
We are not learning law here. Overdoing too much hampers examination preparation. Expert knowledge can be obtained after qualifying as a CA. There is a 1000 page guide just on leases. But we wont learn 1000 page for exams.
CA Suraj Lakhotia Admin
We are not learning law here. Overdoing too much hampers examination preparation. Expert knowledge can be obtained after qualifying as a CA. There is a 1000 page guide just on leases. But we wont learn 1000 page for exams.
Well said sir , too much learning leads to confusion takes us no where at the end 😊
Thread Starter
Atharv SankliyaOk so it only economic benefits right?
Companies invest for economic benefits only not for charity purpose or for expecting nothing in return 😅
Shrikant
Companies invest for economic benefits only not for charity purpose or for expecting nothing in return 😅
Many company have section 8 company as their subsidiary company and section 8 company are not permitted to distribute dividend that' why I am asking whether other benefits includes any charitable benefits also
Thread Starter
Atharv SankliyaMany company have section 8 company as their subsidiary company and section 8 company are not permitted to distribute dividend that' why I am asking whether other benefits includes any charitable benefits also
Aren't they getting subsidies , donations other benefits from sec8 company...no company would do direct charity ..
Shared from *1FIN by Indigolearn* Charitable hospital disclose in balance sheet If a company has a charitable hospital so under which head it is to be disclosed in balance sheet https://1fin.page.link/46VSLVrd1A5bEgtD6 Regarding charitable institutions we already had a very long discussion at this thread. Whereas it is good to try and understand everything, but it is detrimental to your exam preparation. You need to make a conscious choice of smart study.
CA Suraj Lakhotia Admin
Shared from *1FIN by Indigolearn* Charitable hospital disclose in balance sheet If a company has a charitable hospital so under which head it is to be disclosed in balance sheet https://1fin.page.link/46VSLVrd1A5bEgtD6 Regarding charitable institutions we already had a very long discussion at this thread. Whereas it is good to try and understand everything, but it is detrimental to your exam preparation. You need to make a conscious choice of smart study.
Understood sir Thank you Sir in articleship we also have to work/get practical exposure in AS and ind AS apart from. Audit and taxation?