Forums
Branch
Accountancy
answered on 20-Apr-23 17:39
Plss tell me the invoice proce and sale price for branch
latest answer
Notable point: branch is selling in 20 percent of profit relating to its invoice price (180).
Reetikaa R
CA Final
★ 7K+
2
548
SA 240 Fraud
Auditing
answered on 20-Apr-23 16:54
What is the answer for Q.no 5 In question it is given “and" But in book it is given “or"
latest answer
Thank you sir Therefore the answer is true.
Ashfaq Ahmed
CA Final
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639
Branch
Accountancy
answered on 20-Apr-23 17:29
If they ask to prep branch account in head office books , wat all to put in the account ?? PRACTICE QUES 10
latest answer
Assuming it is a foreign branch accounts, all assets and liabilities' closing balance + net profit relating to the branch will come. In case of dependent and independent types, you may refer to the format in the book for better understanding.
Reetikaa R
CA Final
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1
531
Final accounts
Accountancy
answered on 20-Apr-23 18:10
What is the 4th answer. Please give explanation too
latest answer
Thanks
SUBODH M JAIN
CA Final
★ 2K+
2
490
Company act, 2013
Corporate & Other Laws
answered on 25-Apr-23 11:25
In this question it is said that the three company holds ₹ 8,50,000 worth share but which share it holds is not mentioned. So my doubt is on which b basis it holds the share.
latest answer
You can put an assumption that they have mentioned about equity shares. For the application of Section 2(87) i.e. subsidiary definition, total voting power is to be considered, so we will have to look at equity shares.
Lathika
CA Inter
★ 6K+
2
530
Value of supply
Indirect Taxation
answered on 21-Apr-23 12:14
Can anyone explain why interest interest of 20000 is not forming part of the taxable supplies under section 15 2 d As this interest is charged cradle agent has authorised to issue invoice on his own name
latest answer
The question says "he extends short term loans" Notification No. 12/2017- states "services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services) are exempt."
Addu Gill
CA Inter
★ 0
4
576
Amalgamation
Accountancy
answered on 22-Apr-23 17:16
In the nature of purchase What is the journal entry of statutory reserve ? (ex. Development Rebate Reserve, Investment Allowance Reserve, Export Profit Reserve) In the books of transferee and transferor company ?
latest answer
These are not transferred as such. It is only a notional entry passed by acquirer company.
Jiya T
CA Inter
★ 10
4
670
Course completion
Financial Reporting
answered on 20-Apr-23 13:47
Please let me know if classes for business combination, CFS and Financial instruments are uploaded fully or few more classes are yet to be uploaded. If classes are still to be uploaded let me know how may hours approximately is pending.
latest answer
yes
harish Ramkumar
CA Final
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3
603
Depreciation
Direct Taxation
answered on 20-Apr-23 11:51
If machinery is acquired in the year 2017-18 and put to use in the year 2017-18 but in the year 21 22 it is not used for a even for a single day can be claim depreciation in year 21 22 Machinery acquire in the year 2017-18 and put to use in the year 21 22 in which year we start claming depreciation Can a sole proprietor can take interest on own capital
latest answer
Depreciation is also due to passgae of time. Once put to use, depreciation can be claimed. Sole proprietor can take interest on own capital but would not be allowed as deduction.
Addu Gill
CA Inter
★ 0
2
462
NOTES
Exams
answered on 20-Apr-23 11:51
As per 1FIN Notes. Everything is understandable. Can I write in exam as like key points which is given in 1 FIN... Whether it is sufficient...?
latest answer
Yes
Saravana Perumal
CA Final
★ 3K+
2
652