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Costing

answered on 26-Sep-23 09:19

Both questions are same type but while calculating maximum consumption they have taken 1.Annual consumption with adjustment of opening stock 2.Annual consumption without adjustment of opening stock.Why?

latest answer

Ok 👍

GOKULALAKSHMI PANNEER

GOKULALAKSHMI PANNEER

CA Final

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Video 15 - Basic Concepts

Indirect Taxation

answered on 26-Sep-23 20:52

In Study material it's shown as Sec 16( i ) & 16( ii ) But in lectures it's taught as Sec 16 ( ii ) & 16 ( iii)

latest answer

Okay Sir…Thank you for clarifying

Soon to be CA

Soon to be CA

CA Inter

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Articleship

Others

answered on 26-Sep-23 15:52

How can we know that our auditor gave approval for the Articleship registration

latest answer

No you will receive a letter

Sruthi sruthi

Sruthi sruthi

CA Final

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396

Tds

Direct Taxation

answered on 26-Sep-23 17:39

I pay interest of 100000 to a company for certain purpose and they in return pay 10000 as interest for some other purpose.will the tds be deducted on net amount 90000 or to the whole 1lakh.if yes why?

latest answer

Both are different transactions and TDS will apply on every transaction if limits are crossed

Gayathri S Nambiar

Gayathri S Nambiar

CA Final

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462

AS 2 Valuation of inventories

Accountancy

answered on 26-Sep-23 13:26

I have a doubt in the illustrations in AS 2, valuation of inventories. The 14th illustration part b. The NRV is lesser than cost, but in solution its given otherwise

latest answer

So sales commission will be reduced to compute NRV

Jeffy Fredline

Jeffy Fredline

CA Inter

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447

Conversion from CA Inter to Direct Entry

Others

answered on 27-Sep-23 09:04

I applied for conversion today. I have completed my OC and ITT Course. It is told in portal that approval of conversion form may take upto 7 days. Only after that I can apply articleship form. Since I wish to join articleship in old scheme, I have to register in articleship on our before 30th September. Considering my current situation, help me. Is there any way to approach ICAI for getting approval of conversion form within 2-3 days. ? Can I register articleship before Sept.30th?

latest answer

Raise a query on ssp helpdesk. That might speed up the process.

James Paul

James Paul

CA Inter

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3

463

Registration of charge

Corporate & Other Laws

answered on 25-Sep-23 23:06

If a person creates charge on 2nd oct 2018 and did not register for 330 days (30 + 300) due date is 28 aug 2019. But 6 months from 2 11 2018 is 2 4 2018.

latest answer

The time limit is 30 days and if u don't register in 30 days then there shall be 270 days extra not 300 days

Prasanth Kumar

Prasanth Kumar

CA Inter

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4

438

Business Law [soga unit 3,4]

Others

answered on 27-Sep-23 09:05

I am facing problem in Unit 3 and 4 of Sales of Goods Act 1930. I understood everything in the classes. But as soon as I read it myself, I am not able to understand. something is going over my head

latest answer

https://youtu.be/Y5ZJOuzKd4M?si=Z2vW2kGsCKUG6Mfs Have a look at the revision lecture once and do questions and answers.

Ab Devliear

Ab Devliear

CA Foundation

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Old scheme

Others

answered on 25-Sep-23 08:59

If I join articleship under old scheme, will I write CA Final under new scheme? Will there be the 1 year work experience requirement to get Certificate of practice?

latest answer

😊

Sibi Srinivasan

Sibi Srinivasan

CA Final

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Mistake of law

Corporate & Other Laws

answered on 25-Sep-23 08:56

I'm struggling with this one for an hour without understanding 😪...(a mistake of law does not render a contract void as one cannot take excuse of ignorance of the law of his own country ) MY DOUBT!! Cannot give excuse means the contract will be void right? Here the contract not void . Why?

latest answer

Misunderstanding/mis interpreting the law doesn't make the contract invalid/void as the ignorance of law is not an excuse In other words not understanding the law, the way it is or not knowing the law aren't valid grounds to invalidate the contact ..

Sonia

Sonia

CA Foundation

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2

578