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Investment accounts relating to brokerage

Accountancy

answered on 20-Feb-23 21:05

At the time of calculation of cost of purchase of debentures We have to calculate commission on quoted price For example ex int 90 cum int 100 Incase of ex int we calculate based on 90 If cum int we have to subtract int in 100 or we want calculate it on 100

latest answer

Commission is generally paid on the transaction price. So on the total amount paid or received. Questoins will specify

Sentoor Kumaran

Sentoor Kumaran

CA Inter

3K+

2

2K+

Financial & Accounting Systems

Information Systems

answered on 17-Feb-23 14:32

Can anyone pls explain this point . The difference between installed and cloud based application

latest answer

Thanks to both of you

Neha Baliga

Neha Baliga

CA Inter

16K+

3

543

AS10

Accountancy

answered on 17-Feb-23 10:45

In above eg (pic) since amusement park is working at 80% operating capacity can we say that it is not ready for its intended use yet and that's why the additional cost of soft trial run should be capitalised? (Basically what does "operating capacity is 80%" mean here)

latest answer

Got it, thanks

Garima Bhargava

Garima Bhargava

CA Inter

185

4

464

ITC

Indirect Taxation

answered on 16-Feb-23 22:53

Earlier-ITC can be availed within Due date of return of filing of sep month or date of filing annual return whichever is earlier Amended- ITC can be availed within 30th nov or filing of annual return whichever is earlier . Which is applicable for may23 exams?

latest answer

Yes right

Pooja .

Pooja .

CA Final

210

4

484

Answer book

Exams

answered on 18-Feb-23 15:04

This is one page of certified copy of my SM paper on every page there are question marks in red why so...no question mark on any other paper

latest answer

I think you missed a important point which should be there for sure.

Gauri Shete

Gauri Shete

CA Final

5K+

3

575

Partnership accounting

Accountancy

answered on 16-Feb-23 20:13

What is the procedure when question is silent about goodwill retention in books.. Should we write off the goodwill which shown in trial balance?

latest answer

If you observe.. Good will shown on balacesheet was wrote off and calculated goodwill shared among partners according to goodwill allocation method... Some problems they just wrote off goodwill shown on .. In some problems they revalued according to calculated goodwill and revaluation profit will be shared among the partners and goodwill still appear on the books after retirement /admission / death.. What is the correct way to follow sir

Someswar Reddy

Someswar Reddy

CMA Inter

240

7

628

Taxation of marriage garden

Direct Taxation

answered on 20-Feb-23 07:42

Under which head the income From marriage garden is taxed if the person is also earning the his profession

latest answer

If its from open lands (not majorly buildings) then IFOS

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

11

1K+

Last date of filling taxes to the government

Indirect Taxation

answered on 16-Feb-23 18:20

Here in the option 'a' it says that the last date for payement of taxes to the appropriate government is the last date on which the registered taxable person is required to furnish the return. But this dosent workout with the person who is paying tax under QRMP Scheme and also to the NRTP for whom payement date is not linked with the the due date of filing return. While GSTR4 for a Financial Year is required to be filed by 30th April of the following year, tax to be paid by 18th of the month succeeding such quarter. If in that case the correct answer to the given MCQ should be 'b'. Please clarify. Please correct me if im wrong. Thank you

latest answer

Okay sir. Thank you

shanmuk shannu

shanmuk shannu

CA Inter

6K+

3

578

CMA Inter Operation management

Strategic Management

answered on 16-Feb-23 16:49

When will operation management classes available for sale

latest answer

They will not be available unfortunately

Vignesh Anandhan

Vignesh Anandhan

CMA Inter

0

1

588

Section 136

Corporate & Other Laws

answered on 16-Feb-23 13:17

As per Rule 11 of companies (accounts) rules, all the listed companies and the public companies which do not satisfy the prescribed criteria shall send physical copies through recognised mode u/s 20 in all other cases. In section 20, electronic mode is also one of the recognised mode. So can the copies be sent electronically also?

latest answer

Thanks

Sarthak Aggarwal

Sarthak Aggarwal

CA Final

9K+

5

462