Forums
CA ARTICLESHIP
Others
answered on 28-Dec-23 07:04
Sir , Do public holidays are included in (156) Leaves allowed. As per Icai what are holidays for CA Articleship.
latest answer
That you have to discuss with the partner under whom you are registered.
Sai Vema
CA Final
★ 108K+
10
3K+
Direct entry into CS executive program
Others
answered on 10-Dec-23 13:13
Can CA-CPT-cleared students be eligible for direct entry into the CS-EXECUTIVE Program?
latest answer
Thanks for the clarification sir..
Anil R
CA Inter
★ 0
8
568
Conversion
Others
answered on 09-Dec-23 15:11
Can we convert after results and order books then?? Or should we convert now itself?
latest answer
they had announced as soon as exams are over it would be automatically converted into new scheme. If you are planning to appear for May 24 exams if its not converted yet, you can convert & place the order
Kriti Iyer
CA Inter
★ 3K+
2
412
Accounting Query
Accountancy
answered on 11-Dec-23 11:44
Website Domain of Business is Purchased by Shareholder in it's personal Name. Can we book this expense as Business Expense ? Is it Justifiable ? And if yes, then please suggest under which Accounting Standard ?
latest answer
You can book it provided the amount is paid back to shareholder.
Rishikesh Prajapati
CA Final
★ 7K+
1
455
ADMISSION OF PARTNER
Accountancy
answered on 16-Jan-24 13:50
IN CASE WHEN NEW PARTNER IS ADMITTED TO THE FIRM AND THE PARTNER SAYS THAT HE IS READY TO ACCEPT EXISITING LIABILITIES OF THE FIRM THEN THE ACCOUNTING TRATMENT WILL BE THAT THE REVALUATION PROFIT/LOSS WILL BE SHARED IN ALL THE PARTNERS RIGHT????
latest answer
No.
Prathmesh Kharul
US CMA All
★ 6K+
6
567
INDIAN PARTNERSHIP ACT,1932
Corporate & Other Laws
answered on 16-May-25 19:47
TRANSFER OF PARTNERSHIP INTEREST WHEN SHARE OF PARTNERSHIP IS KEPT AS SECURITY WITH BANK 1.WILL BANK RECEIVE PROFIT IN THAT CASE ???? 2.DURING DISSOLUTION WILL BANK RECEIVE ASSET AND WILL THAT ASSET AMOUNT GET DEDUCTED FROM LOAN AMOUNT?? 3.AND WHEN BANK RECEIVES SHARE OF PROFIT WILL IT BE REDUCED FROM LOAN AMOUNT??
latest answer
1. Profit Entitlement: The bank does not receive profits directly unless there’s a specific agreement; profits remain with the partner. 2. On Dissolution: The bank can claim from the partner’s share in net assets, and that amount can be adjusted against the loan if the partner defaults. 3. Loan Adjustment: If the bank receives any profit or asset share, it can be used to reduce the outstanding loan.
Prathmesh Kharul
US CMA All
★ 6K+
2
588
RETIREMENT OF PARTNER
Accountancy
answered on 11-Dec-23 14:00
IS P&L ADJUSTMENT A/C AND REVALUATION A/C SAME??
latest answer
Use revaluation account for exams.
Prathmesh Kharul
US CMA All
★ 6K+
1
463
RETIREMENT OF PARTNER
Accountancy
answered on 11-Dec-23 14:01
B and C agreed, as between themselves, to continue the business, sharing profits in the ratio of 3:2 and decided to retain the fixtures on the books at the revised value, and to increase the provision for doubtful debts to 6%. PARTNER CAPITAL A/C------DR TO B CAPTIAL A/C TO C CAPITAL A/C IS THIS THE CORRECT ENTRY FOR THE ABOVE ADJUSTMENT??
latest answer
You need to route this through revaluation account.
Prathmesh Kharul
US CMA All
★ 6K+
1
489
Foreign company
Corporate & Other Laws
answered on 10-Dec-23 13:09
Is the 2nd and 3rd para are important to write ? As in book also it's not written in the main content .
latest answer
It carries less marks but if you can remember, then, please reproduce to score max.
Mehak K
CA Final
★ 3K+
3
414
TDS Payment
Direct Taxation
answered on 11-Dec-23 14:11
What to do with excess payment of TDS. For Example In Nov 23 TDS payable Rs. 10,000 but paid Rs. 15,000. Can I use the excess amount of Rs. 5,000 for Dec 23...?
latest answer
Yes. We can use the unconsumed challan.
Ravikumar Pandi
CA Inter
★ 2K+
4
444