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AS 05
Accountancy
answered on 04-Oct-23 19:40
Could someone explain the ii point under illustration 02 Which is given below
latest answer
With Retrospective effect, the company signed(made) an agreement with Employees union on 1-9-X2, for revision of wages from 30-9-X1 onwards. For that co. had to pay the additional amount of 5,00,000, due to revise of wages. So for that purpose the disclosure of that amount is necessary or not i.e; amount of 5L is correct amount or not to disclose.
Balachandar S
CA Inter
★ 59K+
1
451
Preparation May 2024
Direct Taxation
answered on 04-Oct-23 17:19
For May 24 exams is it sufficient, if I am covering 1FIN Lectures, solving study material illustration, tyk question & RTPs MTPs
latest answer
Okay
Soon to be CA
CA Inter
★ 4K+
5
508
T/o calculation for cost audit
Corporate & Other Laws
answered on 04-Oct-23 13:26
The provision for this Qsn says individual t/o & in the qsn none of them hav ₹25CR t/o Then why cost audit apply there How to calculate
latest answer
Attachment for the above query
Sushmita Chowdhury
CA Inter
★ 2K+
1
436
Crew Member
Direct Taxation
answered on 04-Oct-23 13:49
The Date of Joining to Date of Signing off is to be excluded from the period of stay in India. In the question The Date of joining June 6th we have excluded 6th June & computed as remaining 25 days but for the date of signing off 9th December we have included 9th December also. Why is it so? We should consider only 8 days right? As they have reached on 9th December.
latest answer
Welcome
Soon to be CA
CA Inter
★ 4K+
3
504
Cost audit appointment
Corporate & Other Laws
answered on 04-Oct-23 21:36
Cost auditor appointment is finalalised at AGM ? By shareholder ? Hence why before approval of sh hrs, recommendation of BOD is send to CG ? Shouldn’t it b after sh hrs appproval ?
latest answer
No I was saying about the attachment with this qsn
Sushmita Chowdhury
CA Inter
★ 2K+
4
678
Capital gain
Direct Taxation
answered on 05-Oct-23 09:45
Why reconstruction of property is not included in cost of acquisition?
latest answer
The cost of acquisition is used to calculate the initial value of the property, which is important for determining capital gains or losses when the property is sold. Reconstruction or renovation usually occurs after the property has been acquired. If you choose to sell the property in the future, the reconstruction or renovation costs can be factored into the selling price, potentially allowing you to recoup some or all of those expenses.
Samridhi Sareen
CA Inter
★ 830
3
395
Partnership
Corporate & Other Laws
answered on 05-Oct-23 09:36
Maximum number of partners in a (regular) partnership firm is 20 and banking business is 10 right?
latest answer
Yes
Nidhi S
CA Inter
★ 4K+
1
458
Computation of total income
Direct Taxation
answered on 05-Oct-23 20:35
Salary37,400 p.m. plus 9000 p.m as grade pay from which 10 per cent is deducted for statutory providend fund to which the University contributes 12 per cent. Rent-free bungalow of the annual letting value of 18,000. Population of Amristsar is 12 lakhs. Wardenship allowance 2,000 p.m. 12% interest on Government Loan of 65,000 Income from house property (computed) 29,560. He received 3,500 for writing articles in a journal. He paid 2,000 (by cheques) to G.I.C under mediclaim. Interest on postal saving bank deposit 6,500. Interest (gross)2,500. Examinership remuneration €3,500 During the year, he sold shares of Reliance Industrial Ltd., and earned a long term capital gains €60,000. During the year he paid 24,000 as life insurance premium on his own policies and spent 600 on books purchased for his own use.Find out his gross total income,tax payable,total income
latest answer
Kindly compute and share your workings.
Sowmiga Chandrasekaran
CA Inter
★ 7K+
3
433
Mendelow's matrix
Strategic Management
answered on 04-Oct-23 10:00
Where a competitor should be placed in a mendelow's matrix?
latest answer
Competitor is not a stakeholder
Dharshini Sankar
CA Inter
★ 7K+
1
512
Explain in simple terms
Accountancy
answered on 04-Oct-23 11:09
1) What is meant by carrying amount? 2) Waht is the difference between cancellation and reduction of share capital ( give an example )
latest answer
Carrying amount means book value. Example asset valued after depreciation. Cancellation of share capital means already issued shares are cancelled In case of reduction, the corresponding amount would be debited with the amount of reduction
Nayani Agarwal
CA Inter
★ 1K+
1
433