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How to increase speed
Accountancy
answered on 22-May-23 11:37
1 h takiing solving some questions
latest answer
Practice
R K
ACCA Skill
★ 9K+
4
620
Settling liabilities during liquidation
Accountancy
answered on 22-May-23 11:57
If a company has secured debentures, unsecured Deb., Secured creditors, unsecured creditors, then what will be the order of repayment to them by selling assets of co ? Does creditors of co. get privilege over debenture holders while repayment?
latest answer
Okk sir got it👍
Garima Bhargava
CA Inter
★ 185
4
502
ITC
Indirect Taxation
answered on 22-May-23 12:56
While doing itc numerical , if there is some itc for reverse charge, then will that have to be separately set off only against output tax liability under reverse charge and not forward charge ?
latest answer
Yes right. RCM liability should be separately disclosed and to be paid using cash ledger only.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
6
546
Employee cost in statement of p&l
Accountancy
answered on 24-May-23 11:25
Does employee cost in statement of p&l includes direct labour wages also??
latest answer
Yes
Atharv Sankliya
CA Final
★ 3K+
10
541
One subject how many hours I can study
Accountancy
answered on 22-May-23 11:12
H
latest answer
https://youtu.be/w0ME0n1joAc
Lkg Ydv
ACCA Professional
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7
1K+
Principles and practice of accounting
Accountancy
answered on 18-May-23 14:10
The materiality depends only upon the amount of the item and not upon the size of the business,nature and level of information, level of the person making the decision etc. I think the answer is false,but the solution given in the material is true!! Can anyone please explain with reason,why is the solution true?
latest answer
No, the statement is not true. Materiality is a concept in accounting and auditing that considers the significance or importance of information in relation to a particular decision or financial statement. It takes into account various factors, including the amount of the item, but it is not solely dependent on the amount. Materiality can also be influenced by the size of the business, the nature and level of information being assessed, the context of the decision being made, and the level of the person making the decision. What may be considered material for a small business could be immaterial for a large corporation. Additionally, materiality judgments can vary depending on the specific circumstances and the users of the financial information. In summary, materiality is a multifaceted concept that considers various factors beyond just the amount of the item involved.
Divinne Fiona
CA Inter
★ 9K+
1
727
basic
Corporate & Other Laws
answered on 25-May-23 19:25
whts the diff btwn a public Co thts not listed company and pvt company
latest answer
An unlisted public limited company is a public company that doesn’t have its securities and debentures listed on any stock exchange in India. The shares of such an entity are not available to the public for trading. It is basically a small company that doesn’t meet the listing requirements of the stock exchange. The reasons could be many. It might be too small to suit the stock exchange listing, might not seek public investors, or might be falling short of the required number of stakeholders. A private limited company, on the other hand, is a closed organization owned either by non-profit organizations or a small number of stakeholders. It cannot trade its shares to the stock market exchange or the public. The company’s stocks can be exchanged and traded only amongst its members. A private limited company is not required to disclose its financial information publicly. Also, - There is a restricted transferability of shares for a private limited company. It is also prohibited from inviting subscriptions from the public. An unlisted public limited enterprise is free of such restrictions. - The two also differ in the required number of members and directors. While a private limited company can set off with two directors and two members, an unlisted public company needs a minimum of 3 directors and 7 members. - There is also a limit on the number of members in a private limited company, 200 at present. - The minimum paid-up capital for an unlisted public limited company is 7 lacs while that for a private limited company is 1 lac. - The provision of quorum also varies for the two. In case of a public limited company, at least five shareholders need to be personally present at the meetings. For a private limited company, the number is only two. - While an unlisted public limited company can get its shares listed, a private limited company will always remain an unlisted entity. - While a private limited company enjoys several exemptions in different areas whereas an unlisted public limited company is bound by restrictions and compliances.
Sushmita Chowdhury
CA Inter
★ 2K+
3
500
What is the difference between brought back and buy back
Accountancy
answered on 20-May-23 11:48
Sir explain in detail ha vimps ha
latest answer
Buy back and bought back are same Bought is v2 of buy And you have written 'brought' but it will be 'bought' not brought
Lkg Ydv
ACCA Professional
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6
616
prospectus
Corporate & Other Laws
answered on 18-May-23 23:40
MrX willing to invest ₹50lac in a Co and Co willing to give 10% of it's share to MrX what is the meaning of this ? if a Co hav 10000share, MrX gets 1000share for ₹50lac So the remaining 9000shares cost ₹450lac ? why will someone approach for small 10% investment to investor if they can ownself bring ₹450lac ? please anyone explain me with an example
latest answer
U started one company with 1l rupees Doing business going nicely This year u want to expand u don’t have money how can u rise funds 2 options Either through equity or debt Then u decided through equity Then u issue shares to investors who provide capital Any company they have capital and further expansion they will approach investors In u r example company has 450 l it means already in business Now they required 50 l Soo they did like dt U need to learn basics of company law All d best
Sushmita Chowdhury
CA Inter
★ 2K+
2
544
AI
Others
answered on 22-May-23 11:53
Due to AI, many jobs will be affected, so will the work of Chartered Accountants be affected in the future?
latest answer
When computers were initially being adopted in late 90s and early 2000s, there was similar risk. Even now the risk is similar. New opportunites and avenues would open up.
Jiya T
CA Inter
★ 10
2
469