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Sales of Goods Act

Corporate & Other Laws

answered on 06-Sep-22 10:44

Can anybody explain the last two points about Insolvency of buyer and seller respectively. What is written in those columns I am not able to understand anything of it.

latest answer

Thank you madam

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

10

910

Ledger

Accountancy

answered on 06-Sep-22 10:13

Whenever we go to any general Store and we say khate mein likh Lena is that ledger account???

latest answer

Khata - Means ledger or account. Actual word used is 'Bahi Khata' So when you say 'Khate main likh lena', it is basically buying on credit and the store owner will note in the account.

Prathmesh kharul

Prathmesh kharul

CA Foundation

3K+

3

563

Doubt

Costing

answered on 06-Sep-22 11:13

What does ' Overhead Recovery rate' means? In 4th point.Is it the amount to be charged to WIP Control a/c ?

latest answer

In 4th point.Is it the amount to be charged to WIP Control a/c ? - Yes

Shankari C

Shankari C

CA Inter

12K+

4

556

Sale of Goods Act

Corporate & Other Laws

answered on 06-Sep-22 11:14

What is Contigency Contract ? Please explain point no. 2 and in the given photo. Point no. 2 and Example 19 in section 6 - Existing or future goods

latest answer

Answered

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

8

659

Happy Teachers'day

Others

answered on 05-Sep-22 18:34

Happy Teachers'day to every teacher @Indigolearn.

latest answer

Thank you!

Yug Bhattad

Yug Bhattad

CA Final

63K+

1

518

AMALGAMATION

Accountancy

answered on 06-Sep-22 13:04

Can anyone help me with how to calculate purchase consideration using intrinsic value method. Thanks in advance

latest answer

Thank you sir

theee k

theee k

CA Final

435

2

578

Doubt

Costing

answered on 05-Sep-22 17:10

I dint understand why to determine earnings if an employee u deduct employees share of provident fund,but while determining employee cost for company u add both employees contributing and employers contribution to provident fund?

latest answer

It is to determine net take home (amount paid) for employee

SANSKRITI BADRI 2111339

SANSKRITI BADRI 2111339

CA Final

4K+

1

393

Debt Equity Ratio test post buyback

Accountancy

answered on 05-Sep-22 17:16

Does CRR gets involved in Equity for calculation of debt equity test in Buyback of share ?

latest answer

I guess the answer got removed

Dhananjay Kapoor

Dhananjay Kapoor

CA Inter

495

4

508

Happy Teacher's Day

Others

answered on 05-Sep-22 18:39

Happy Teacher's Day to all my teachers at IndigoLearn ��

latest answer

Wishing you joy and happiness, you are an amazing teacher, and you only deserve the best. 

Lalit Sanpal

Lalit Sanpal

CA Final

6K+

2

520

ITC Reversal or Not

Indirect Taxation

answered on 06-Sep-22 17:00

Raw material purchased, Produced and sold. GST E- Invoice made and Goods are send to buyers place in lorry. Lorry got fire accident before reach the buyer's place, all the goods are completely destroyed in fire (100%). In this situation as a seller can we take ITC credit for Raw material purchases?

latest answer

As per Section 17(5), it becomes blocked credits.

Ravikumar Pandi

Ravikumar Pandi

CA Inter

2K+

5

534