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Triple column cash book
Accountancy
answered on 26-Mar-23 21:21
If cheque received and deposited but dishonured What is entry in triple coloumn cash book in Three column cash book ?
latest answer
When u issue the cheque the creditor will be debited and bank will credit if the same cheque was dishnoured bank will debit and creditor will be credit
Sai Vema
CA Final
★ 108K+
3
939
IND AS 19
Financial Reporting
answered on 26-Mar-23 20:43
Hi sir I have query in post employment benefits Defined contribution plan We are classifying PF payable by the employer as defined contribution plan under post employment benefits My query is PF payable by employer is expected to settled in 12 months right then why can't we classified under short term benefits and do accounting... Kindly clarify me sir
latest answer
Ok sir Thank you
Barani Tharan
CA Final
★ 112K+
4
506
Professional Ethics Doubt
Auditing
answered on 27-Mar-23 13:43
Can a Chartered accountant holding COP practice CS simultaneously as per clause 7, Part 1 of schedule 1
latest answer
Ok. Thank you mam
Varshini Pandiarajan
CA Final
★ 30
3
575
Amendment to Section 43b (h)
Direct Taxation
answered on 26-Mar-23 18:17
1) If on 31st march the amount payable to MSME has not fallen due can the assessee claim it as allowable expense? 2) If he claims it as allowable expense and in the next FY if the payment is not made within 45 days, will section 43b clause (h) gets attracted?
latest answer
Ok sir
Pushkala S
CA Final
★ 3K+
4
668
Buyback of shares
Accountancy
answered on 27-Mar-23 13:43
Face valve of shares bought back= 12,50,000 Face value of debentures issued for buyback of shares =3,00,000 Premium on the above said debentures =60,000 Face value of preference shares issued for buyback =2,50,000 Then what will be the amount to be transferred to capital redemption reserve ?
latest answer
https://youtu.be/xU1YYNfVoBQ
Gowshika LT
CA Final
★ 40K+
3
602
Employee cost.
Costing
answered on 26-Mar-23 17:15
Sir pls explain what comment need to be written here...
latest answer
You need to compare the cost and provide a conclusion as to what would be better.
Suryaa Ss
CA Inter
★ 0
1
482
Amendments in Standards on Auditing
Auditing
answered on 26-Mar-23 10:43
I have notes of Standards on Auditing of May 2020. Can i use the same now for May 2023? Or are there any amends Standards after that? Please help. I'm CA Inter preparing for may 2023.
latest answer
You can download updated notes from free resources section of our app
Rahul Chandramouli
CA Final
★ 600
1
491
Set off and carry forward
Direct Taxation
answered on 26-Mar-23 14:53
How to calculate life insurance premium deduction in this set off topic under 80 c Is there any specific rate available for deduction
latest answer
Set off and carry forward is applicable to only incomes not to the deductions. If your total income after set off is 1,00,000 and you have eligible 80C deductions of 1,50,000 then total deduction can be 1,00,000 because deductions cannot exceed the total income.
Sruthi sruthi
CA Final
★ 640
1
476
Amalgamation of companies
Accountancy
answered on 26-Mar-23 22:19
Hi, can anyone help me to solve my doubt? Note [ see last pic] point (b) -> best ltd will take over the business of better ltd.., consideration -> allotment of shares in best ltd Is the above points relate to amalgamation in the nature of merger, if yes then, reserves and surplus of transferor company should be added with transferee Co ,right? Also in the books of transferee co, the difference between purchase consideration and payment made to shareholders should be adjusted in the reserves of transferee Co. Then, why this problem has been solved like below .
latest answer
Hearty thanks for your reply sir
Pravin Nesaraj
CA Inter
★ 32K+
14
789
AS 10 PPE
Accountancy
answered on 26-Mar-23 17:28
Please provide solutions for following question.
latest answer
The cost is seggregated into two parts. Equipment & Overhaul (15 crores & 5 Crores) A new ship does not need overhaul so notionally 5 crores of the cost is attributed to that overhaul. Equipment - 20 years useful life Overhaul - 5 years useful life.
Hiren Ghadiya
CA Inter
★ 1K+
3
593