Forums
Pre and post incorporation
Accountancy
answered on 26-Jan-23 08:22
I have one doubt in ill7 icai model of pre and post incorporation chapter adjustment 3 bad debts recovery 7000 added in bad debts of 91000+7000 why add 7000 of recovery ??
latest answer
Till the year 20X1, we had Rs.7000 as bad debts. During the year 20X1 we recovered the bad debts of Rs.7000, so it is considered as Income and shown on the income side. The question says "Bad Debts after Adjusting the recovered Bad Debts is Rs.91000". Before recovery total Bad Debts are Rs.98000. We have the bad debts till 20X1 before the recovery so it should also be in the Bad Debts total amount.
Kruthika Ramesh
CA Inter
★ 650
4
530
Verification process
Others
answered on 25-Jan-23 12:05
I have applied for verification process by paying prescribed fee through icai.After making payment blank page has been appeared and no confirmation mail received by me but amount got deducted. What shall I do now? Have to apply again for verification??
latest answer
try this call and verify them
Naveen Kumar
CA Final
★ 3K+
1
462
Importation of services from a related person in India
Indirect Taxation
answered on 25-Jan-23 10:10
Import of services from a related person or established located in India, without consideration in the course or furtherance of business . Whether this is treated as ' supply' or not !?
latest answer
Thank u
Sajeetha R
CA Final
★ 46K+
6
539
Unutilized BEL
Direct Taxation
answered on 25-Jan-23 16:59
Unutilized basic exemption limit is first used against LTCG OR STCG?
latest answer
That would be first against LTCG 112, STCG 111A , LTCG 112A order right
Harshitha Kalidindi
CA Final
★ 51K+
4
692
standard costing
Costing
answered on 25-Jan-23 13:51
why we mix actual hrs in std hrs?
latest answer
For better comparison and control action.
Kamal Kumar
CA Inter
★ 7K+
3
615
Disqualification
Auditing
answered on 30-Jan-23 11:46
Sec 141(3)(i) a person who directly or indirectly, renders any service referred to in sec 144 to the company or its holding co. or its subsidiary co. Will the auditor be eligible if he is rendering services to associate or co-subsidiary?
latest answer
The auditor will be disqualified to be appointed as an auditor if he renders any services referred to in sec 144.
Angel Maria Varghese
CA Final
★ 9K+
5
652
Amalgamation
Accountancy
answered on 25-Jan-23 09:21
Difference between intrinsic value and market value
latest answer
Intrinsic is based on balance sheet. Market value is based on the price prevailing in market.
Krishnan K
CA Inter
★ 5K+
2
479
Capital budgeting
Financial Management
answered on 24-Jan-23 20:41
Earnings after tax but before depreciation means CFAT
latest answer
Earning before dep Less tax Add tax saving on dep= CFAT
Krishnan K
CA Inter
★ 5K+
3
645
Capital gains
Direct Taxation
answered on 25-Jan-23 11:06
In this q,ofr computation why haven't we considered depreciation on building block ?
latest answer
If the WDV of assets is reduced to zero or the block of assets is empty or ceases to exist on the last day of the previous year then no depreciation is allowable.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
5
460
General doubt
Others
answered on 24-Jan-23 23:28
Could anyone help me out What is the difference between the factory vs industry Answer with full explanation
latest answer
Factory is a part of industry.. For example: A tyre manufacturing is industry but the MRF is the factory of this industry
Balachandar S
CA Inter
★ 59K+
5
604