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PGBP
Direct Taxation
answered on 29-Sep-22 15:25
Why disallowed expenses are added
latest answer
Because we are taking net profit as base so net Profit is arrived only after deduction of such expense and once if such expense is disallowed then it shall be added back
Abhishek Kambampati
CA Final
★ 0
1
435
Depreciation
Accountancy
answered on 27-Oct-22 13:48
Why do we add back depreciation in cash flow in indirect method
latest answer
we are trying to find out the cash flow from operations with profit as a starting point. In order to find out the profit, we already deducted depreciation therefore because of depreciation my profit is decreasing but not my cash flow. in order to find out cash balance from profit, add back the depreciation, then profit would be turned into cash balance
Abhishek Kambampati
CA Final
★ 0
5
457
salary
Direct Taxation
answered on 29-Sep-22 18:24
family does not includes grand parents. but in this illustration treatment of grand father and brother who is independent is taken into account why? can any one share short note or flowchart to understand this perquisite.
latest answer
parents, brother, sister,grand parents are treated since they are same line of ancestors whether dependant or not. Definition of family changes in each provisions.
Elavarasi B
CA Inter
★ 46K+
4
615
Sale of Goods Act
Corporate & Other Laws
answered on 29-Sep-22 18:25
Can anybody please explain me point (d) ?
latest answer
Without any conditions,goods should be considered for the contract
Ardhendu Sekhar Acharya
CMA Inter
★ 250
6
397
Depreciation on overused machinery
Accountancy
answered on 30-Sep-22 17:44
depreciation is charged on a fixed assets on straight method say â?¹1 lac /year if the machine is overused during a year how it is recorded ??
latest answer
Yes it form basis for certain things you learn in Inter.
Atharv Sankliya
CA Final
★ 3K+
9
409
Which chapter to start ?
Accountancy
answered on 30-Sep-22 16:00
Depreciation Not for profit organizations Company accounts Partnership accounts
latest answer
Depreciation shoudl be first. Post that go for NPO and then either partnership or company accounts.
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
11
503
Hoarding/banner accounting entries
Accountancy
answered on 30-Sep-22 15:51
On Petrol pump there are many hoarding and panner of warning, instructions and hazards sign how these hoarding/banner is recorded??
latest answer
If for advertisement - use Advertisement account If Others - General Printing, Other Expenses. There is no hard and fast rule on the account creation/nomenclature.
Atharv Sankliya
CA Final
★ 3K+
5
1K+
Delhi University | UG | CSAS | Preference list
Others
answered on 29-Sep-22 19:04
Kindly give your suggestion of what colleges and courses to apply for in Delhi University, I've attached my current preference list. Thanks.
latest answer
Thanks sir, i appeared in acc BS eco and maths i will check those other courses also
Aswin Chandar
CA Final
★ 40K+
6
1K+
CMA inter Jan 2023
Exams
answered on 29-Sep-22 12:42
Is 45dayspreparation enough to pass CMA inter exams after nov 22ca exams
latest answer
Thank u
Bhagyesh Rama
CA Final
★ 11K+
6
533
Sales promotion expense
Accountancy
answered on 01-Oct-22 20:16
If a firm promote their sales by giving the gift to dealer worth â?¹1 lac and incurred cost of travel to deliver the gift â?¹ 10 thousand how it is recorded does the travel expenses is added to promotion expense?? And which accounting standard/ concept deal with this type of situations
latest answer
Yes.Purpose for which it is incurred should be taken.ie) for sales promotion only travel expenses is incurred
Atharv Sankliya
CA Final
★ 3K+
10
577