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Chapter 3
Economics
answered on 05-Sep-23 19:37
In this question, while calculating M¹ why other deposits with RBI is not added..
latest answer
Please refer to my notes
Rifhat Khan
CA Inter
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AS 3
Accountancy
answered on 14-Aug-23 08:15
In this question illustration 10 the changes in inventory has already been deducted from net profit. It has already has its effects on net profit. But again in answer why they have shown it under work in capital changes? Can someone please elaborate on this.
latest answer
Changes in working capital helps us understand whether cash has been paid or not hence the adjustment.
HariPriya C
CA Final
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Gift
Direct Taxation
answered on 13-Aug-23 19:50
Gift received from spouse which option is right
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Thanks sir
R G
CA Final
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595
Itc
Indirect Taxation
answered on 14-Aug-23 11:18
Yaha i have doubt 1st Pehle it is said personal sold then why gst 2nd schedule 1 me permanent disposal of asset ek point tha agr is qn me kehta that he has taken the itc would the answer change 3rd second hand goods ka ek rule thana vo rule yaha kyu nhi apply hoga jo valuation me pare the
latest answer
1st Since the company sold, hence gst 2nd - supply made between related persons for inadequate or no consideration is covered under Schedule I, Such transactions shall be treated as ‘Supply’ only if it happens in the course or furtherance of business. Permanent transfer or sale of business assets on which ITC has been availed will also be treated as supply even if there is no consideration received.
Rakesh Saraf
CA Final
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503
Share capital and debentures chapter
Corporate & Other Laws
answered on 14-Aug-23 11:07
Share capital and debentures chapter Vedio no.17 Explain with example
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..
Krishnan K
CA Inter
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Tax chapter 2 demand residant also same as demand Residant but not ordinarily Residants
Direct Taxation
answered on 13-Aug-23 19:48
Yes true or false with explanation
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Thanks sir
R G
CA Final
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452
Ans for 6(a)
Corporate & Other Laws
answered on 14-Aug-23 10:51
Ignore my answers written there
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As per sec 77, any charge on property or assets (tangible / otherwise) should be registered with ROC within 30 days. So for WC loan charge must be created. Personal guarantee of the director is not assets of the Company. Therefore, there is no need to create charge
Dhakshana Dhakshana
CFA L2
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Chapter 2. Pls tell me if my understanding is right or wrong about the paragraph I have attached as a screenshot
Indirect Taxation
answered on 13-Aug-23 18:43
This paragraph is talking about a situation where people get a discount on their insurance premium (the amount they pay) if they don't make any insurance claims in the past. This discount is called 'No Claim Bonus' (NCB). The question was whether this discount can be seen as payment for a service from the person getting insurance to the insurance company. The answer given here is that this discount is not a payment for a service because when someone buys insurance, they do it to protect themselves from losses or injuries. They aren't agreeing not to make claims just for the discount. So, this discount isn't considered as payment for any service between the person and the insurance company.
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Thanks sir
Dharshini Sankar
CA Inter
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Subsequent events
Financial Reporting
answered on 12-Aug-23 14:47
In case an asset becomes NPA subsequent to balance sheet date, will provision be created on the B/S date ?
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Provisions for assets that become Non-Performing Assets (NPAs) after the balance sheet date are generally not created on the balance sheet date itself. These provisions are usually made in the subsequent accounting periods, once the asset has been identified as an NPA and the impairment assessment has been carried out. The provisioning is based on the assessment of the asset's recoverable value and the relevant accounting standards or regulatory guidelines
Saishyam Balaji
CA Final
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Revision method
Exams
answered on 12-Aug-23 21:13
How to revise Economics and BCK Is it enough to revise with mcq's ? If not please suggest a method
latest answer
Ok will try.Thank you
Vijaya Lakshmi Pojula
CA Foundation
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