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Death of a partner
Accountancy
answered on 24-Jan-23 09:26
If in the question they had mentioned profit, goodwill, policy to be credited till the date of death that 30.9.2019, how would the working notes be different? Can you show it pls?
latest answer
You would have calculated profits proportionately till 30-Sep.
Vedant Vijay
CA Foundation
★ 1K+
3
533
Single entry
Accountancy
answered on 18-Jan-23 18:20
Why amount stolen in may 21 has been added
latest answer
It is stolen from his house...it might be cash drawings made for personal expenses and that cash has been stolen...i don't know correctly but i think it is treated as personal and is added to capital.
Aditya Shivam
CA Inter
★ 0
1
527
Sale of goods act 1930
Corporate & Other Laws
answered on 18-Jan-23 13:21
Sale by mercantile is an exception of section 27 But this exception is subject to some conditions (1) The agent is in the "possession" of the goods or of a document of title to the goods (2) The agent sells the goods in the " Ordinary course of business" Here the agent has only possession. Is the agent has the right to sell the goods And what is the meaning of " ordinary course of business " Explain me with the help of an example
latest answer
Thank you
Rohan Kumar
CA Foundation
★ 5
8
591
GST- AN INTRODUCTION
Indirect Taxation
answered on 18-Jan-23 17:49
Can you please explain this line with an example?
latest answer
GST eliminates cascading effect of taxes. Prior to GST, both excise duty and VAT was levied.
disha sharma
CA Inter
★ 1K+
3
631
Company audit
Auditing
answered on 19-Jan-23 09:51
I cannot understand this line Appointment of auditor other than retiring auditor? In the above question , what is meant by retiring auditor
latest answer
Auditor who has completed his tenure as the case may be u/s 139 (2) is the retiring auditor
Krishnan K
CA Inter
★ 5K+
4
525
Customs
Indirect Taxation
answered on 18-Jan-23 17:49
Is exemption from anti subsidy duty available to imports made by 100% EOU
latest answer
Yes it is.
Priya Namburi
CA Final
★ 2K+
1
550
Advance accounts - ESOp
Accountancy
answered on 21-Jan-23 21:40
Check whether my answer is correct or incorrect? I attached the question and answer below Please reply
latest answer
On 30 June, you have to debit esop outstanding ac instead of emp cost.
Krishnan K
CA Inter
★ 5K+
5
431
Capital VS deferred revenue expenditure
Accountancy
answered on 20-Jan-23 22:38
The benefit of which expenditure is not exhausted within a year it is incurred and is extended to future years. State it.
latest answer
Deferred revenue expenditure
Dova Shaji
CA Inter
★ 520
5
1K+
Death of a partner
Accountancy
answered on 19-Jan-23 09:49
In the given question why is IOC not credited to other partners?
latest answer
IOC (interest on capital) is provided only deceased partner because it's prepared between accounting year not the end of accounting period
Vedant Vijay
CA Foundation
★ 1K+
6
632
AS 18
Accountancy
answered on 18-Jan-23 19:48
Whether transactions between the related parties during the period of relationship also to be disclosed in case of Significant influence relationship or only names and nature of relationship to be disclosed if there are transactions during the period of relationship?
latest answer
Thank you sir
Nivedha Balaji
CA Final
★ 9K+
4
468