Forums
TCS
Direct Taxation
answered on 26-May-23 13:29
A firm has TCS receivable Rs. 2500/- in 26AS. But firm has no idea about this . How does it affect sundry creditors in the balance sheet ?
latest answer
Such TCS should be claimed as credit based on the name of party mentioned in Form 26AS if it is related to the firm.
Divya Sri Vemavarapu
CA Final
★ 15K+
1
491
ACCA . Business Technology Chapter 1
Exams
answered on 28-May-23 11:11
Whether sole trader business be categorized as organisation?
latest answer
S .,sole proprietor
Janani R
CA Final
★ 35K+
5
463
GST
Indirect Taxation
answered on 26-May-23 13:30
In Del Cred Agent Concept the Treatment of Interest Charged on Temperory Loan where DCa is not an agent In material They mentioned The Interest Charged by DCA would not form Part of Value of Supply. Will GST is payable on Such int?
latest answer
No since such service is exempt as per exemption list.
Surya Prakash
CA Final
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1
553
FTP 2023
Indirect Taxation
answered on 26-May-23 13:31
Sir foreign trade policy was fully updated from 1 st April 2023 Is this applicable for Nov 2023 Sir if yes means then when it will be available in lectures sir
latest answer
Its not yet notified by ICAI. If it is notified by ICAI then we would make them available at the earliest from the date of notification by ICAI.
Jaya Krishnan
CA Final
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1
466
Asset Fully Depreciated but it is still useful,
Accountancy
answered on 30-May-23 10:19
Sir, An asset which is fully depreciated in the books ,but it can be used still in the business. In such a case ,do we have to to show again this asset in our books, if so what should be the entry to bring asset again into our books of accounts. . For Example an asset of Rs10000 (use full life is 5 years) yearly depreciation is Rs.2000.00. By the end of 5th year that asset will not be in our books. But it can be used for 3 more years. So how to show this in our books. Please guide me sir.
latest answer
Under cost model (an accounting method) the asset is carried at its cost less accumulated depreciation
Thankachan Jimmy
CMA Inter
★ 0
5
696
Indian contract act
Corporate & Other Laws
answered on 26-May-23 12:52
Whether x can practice or nt ?
latest answer
As per section 27 of indian contract act 1872 X cannot practice
Shruthi Nachammai
CA Inter
★ 4K+
7
548
Hire Purchase
Accountancy
answered on 02-Jun-23 22:12
In the question in the picture attached how is interest computation done ? They have mentioned in the (iii) as plus interest , it means 3,00,000 is exclusive of interest right ?
latest answer
Yes
sradha krishna sunil
CA Final
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2
446
Hire Purchase
Accountancy
answered on 26-May-23 14:35
Why is the instalment amount paid shown in the Happy A/c without separately adding interest in the question ? Is it because the instalment figure at the end of the year given ?
latest answer
Pls share the account that you are referring to.
sradha krishna sunil
CA Final
★ 5K+
1
460
Buy back
Accountancy
answered on 26-May-23 14:41
In buyback, In post debt equity test , Here debt means short term debt , long term debt , secured debt , unsecured debt and includes all current liabilities like creditors, bills payable etc.. Am I correct in definition of debt in this chapter
latest answer
All short term and long term debt. Only loan. Does not include current liabilities like creditors.
Krishnan K
CA Inter
★ 5K+
3
522
Dec 22 LAW FASTRACK COURSE
Corporate & Other Laws
answered on 26-May-23 14:17
Can i get DEC'22 BUSINESS LAW FASTRACK COURSE RECORDED LECTURES?? PLEASE THANK-YOU
latest answer
You can buy here https://1fin.page.link/kUNhg6KAeBew4fyQ8
Prathmesh kharul
CA Foundation
★ 3K+
3
471