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answered on 14-Mar-23 09:10

Why adjustment for opening inventory will not have any impact in p and l.

latest answer

Thank you sir

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

6K+

2

443

Ind as applicability

Accountancy

answered on 13-Mar-23 18:33

Can a newly incorporated company in FY22-23 having net worth less than 50 crore comply/follow ind as on voluntary basis?

latest answer

Yes

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

1

436

Is it mandatory to follow AS by non corporate entity

Accountancy

answered on 13-Mar-23 17:44

Is it mandatory to follow AS by non corporate entity ?

latest answer

If the books are being audited by a CA Full applicability discussed in this video. https://youtu.be/SBz6fh6rFJI

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

1

586

Both groups

Exams

answered on 13-Mar-23 18:34

If I filled exam form for both groups and give exams for only one group Does it count that I gained group 2? Passing one group at a time still counts passing in first attempt right?

latest answer

It would be two attempts.

Harshitha Kalidindi

Harshitha Kalidindi

CA Final

51K+

2

578

audit report

Auditing

answered on 15-Mar-23 13:16

is there a separate audit format for the company under liquidation?

latest answer

Rule 96 of Comapnies (winding up) Rules 2020 states "Audit certificate is to be filed"

GOKULA LAKSHMI

GOKULA LAKSHMI

CA Final

21K+

1

490

Investment Accounts

Accountancy

answered on 14-Mar-23 10:31

Sir please explain treatment of dividend in short In some questions we taking dividend for opening balance,share purchased or in some questions only for opening bal Like wise we adjusting some dividend in cost

latest answer

Ok sir

Fathima Hamtha Hussaina

Fathima Hamtha Hussaina

CA Final

12K+

2

500

Exemption

Exams

answered on 14-Mar-23 08:32

How does this exemption thing work? If if fail in all there and get exemption in one paper is it valid? And this example in indigolearn blog I didn't get it

latest answer

You can get next time if you write all papers of the group by surrendering exemption

Harshitha Kalidindi

Harshitha Kalidindi

CA Final

51K+

7

625

Revised Invoice In GST

Indirect Taxation

answered on 15-Mar-23 13:28

Why one should/will issue a revised invoice ? Purpose or Reason Behind issuing a Revised Invoice ?

latest answer

We will be able to claim ITC on inputs held in stock, inputs contained in semi finished and finished goods in stock.

Rishikesh Prajapati

Rishikesh Prajapati

CA Final

7K+

6

683

Income from other sources

Direct Taxation

answered on 13-Mar-23 12:50

Why rental income in case of property held as stock in trade for 3 yrs taxabe under Income from house property and not under PGBP

latest answer

Rental income is taxable under house property.

Pooja .

Pooja .

CA Final

210

1

525

Additional requirements for non corporate entity (msme)

Accountancy

answered on 13-Mar-23 13:08

Meaning of highlighted text

latest answer

Not required

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

3

612