Forums
AS 5
Accountancy
answered on 02-Sep-23 15:47
the adoption of an accounting policy for events or transaction that differ in substance from previously occurring events --is not a change in accounting policy . pls explain . IT IS GIVEN IN ILL 4
latest answer
It basically means that if there are new type of transactions for which we are creating a new accounting policy- It is not called a change in accounting policy. For e.g earlier there is no policy of leave encashment. Now the company has introduced leave encashment policy. This is not a change in accounting policy.
Reetikaa R
CA Final
★ 7K+
1
362
Salary
Direct Taxation
answered on 05-Sep-23 20:24
In question 3 method for calculating taxable interest on personal loan is different from that in case of illustration 12......why??? Plaz explain
latest answer
For calculation of personal loan we need to calculate on the principal amount outstanding each month end .ok va.So in first case in each month end outstanding is different and in second case each month end outstanding is same . You can even follow the first case for second but in second case there is no principal repayment therefore the principal amount remains same
Rifhat Khan
CA Inter
★ 28K+
3
579
Investments
Accountancy
answered on 02-Sep-23 15:49
Before and after the record date of bonus shares ,the shares were quoted at 175,90 per share means ? Sale price means after the record date of bonus shares price i.e 90 ?
latest answer
Before record date of bonus issue - 175 On the date it became ex bonus. - 90
Kavya Sri
CA Inter
★ 20
1
421
doubt
Auditing
answered on 02-Sep-23 09:32
financial year ends on 31 march from when usually audit is conducted on reporting on this financial statements
latest answer
It depends on the company. Listed companies have deadlines to publish results. Companies like infosys publish their financials by 10th April. Private companies generally get it done around June- Aug.
Jagadeesh Kumar Nandanavanam
CA Final
★ 29K+
1
418
Itc
Indirect Taxation
answered on 02-Sep-23 10:04
The ans would be? As subsidy received other than CG/SG is included in value of supply ryt. Is TCS is included in value of supply?
latest answer
Tq sir
Ujwal Reddy
CA Inter
★ 7K+
6
483
Dividend distribution
Direct Taxation
answered on 03-Sep-23 21:08
. Mr. Samrat and his wife, Mrs. Komal, holds 12% voting power each in ABC (P) Ltd. Mr. Samrat and Mrs: Komal are working in ABC (P) Ltd. However, Mrs. Komal is not qualified for the job From the following information given in respect of FY 2021-22, you are required to compute the gross total income of Mc Samrat and Mrs. Komal for the AY 2022-23 Dividend of 22,500 and 45,000 is received by Mr. Samrat and Mrs. Komal,respectively, from ABC (P) Ltd. Mr. Samrat has instructed the company to pay 50% of his dividend to Ms. Kajal, daughter of his deceased brother (i) Salary earned by Mr. Samrat and Mrs. Komal from ABC (P) Ltd. is 850,000 and 5,50,000, respectively (a) Business income earned by Mr. Samrat from his sole proprietary business is 15,60,000 [iv] Interest on fixed deposit earned by Mrs. Komal of 9,00,000. (v) Their son, Akash, aged 10 years having PAN, received interest of 2 54,000 frombank on a fixed deposit created by his grandfather in his name
latest answer
See this
Sanjana Acharya
CA Inter
★ 690
2
1K+
Probability
Maths & Stats
answered on 02-Sep-23 16:32
Can anyone please solve this question in simplest method?
latest answer
okay thank you
Divinne Fiona
CA Inter
★ 9K+
2
409
Probability
Maths & Stats
answered on 05-Sep-23 20:20
Can anyone please solve this problem?
latest answer
Pfa
Divinne Fiona
CA Inter
★ 9K+
1
408
Correction window
Exams
answered on 02-Sep-23 07:26
During applying for exam my sign is not clear and i updated after principal approval. Whether i need to correct it during correction window or it will automatically updated in hall ticket? If corrected during correction window period again i need to get principal approval?
latest answer
thanks sir
Ganesh U
CA Final
★ 6K+
2
469
Security valuation Duration
AFM
answered on 01-Sep-23 21:21
Sir I didn't understand the short cut formula for calculating Duration of bonds
latest answer
Ok sir
A Sivani
CA Final
★ 11K+
2
477