Forums
Logarithms
Maths & Stats
answered on 29-Sep-22 16:23
Q. 18
latest answer
Options c is correct
Harshita Tripathi
CA Inter
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6
577
Articleship
Exams
answered on 22-Aug-22 21:58
Can we join articleship after clear one group...if yes what shld we after the clearing group1?
latest answer
foundation route or direct entry foundation route after clearing one or both grp you are eligible for the articleship. 1. find auditor and join as articles by uploading form 102 and 103 in ssp portal
Sreejan P S
CA Final
★ 18K+
5
565
Related parties
Corporate & Other Laws
answered on 23-Aug-22 09:25
What is sec 188 ? In relation to these related parties
latest answer
Transactions Regarded as Related Party Transactions. Any transaction between a Company and its related party relating to a. sale, purchase or supply of any goods or materials. b. selling or otherwise disposing of, or buying, property of any kind; c. leasing of property of any kind; d. availing or rendering of any services; e. appointment of any agent for purchase or sale of goods, materials, services or property; f. such related partyâ??s appointment to any office or place of profit in the company, its subsidiary company or associate company; and g. underwriting the subscription of any securities or derivatives thereof, of the company
PRO TECHS BY JANU
CA Inter
★ 13K+
3
514
Sec 9(1)(viii) meaning of non corporate non resident
Direct Taxation
answered on 23-Aug-22 10:45
What does this mean ,non corporate non resident or foreign company
latest answer
Non resident individual comes under Non corporate non resident
mani charan
CA Final
★ 3K+
4
1K+
#17: Question for the day (Adv. Acc - Inter)
Accountancy
answered on 22-Aug-22 21:25
Write the answer in a sheet as you would write in exam and send photo by 8pm. #LetsPractice Monu Ltd. sold machinery having WDV of Rs. 400 lakhs to Sonu Ltd. for Rs. 500 lakhs and the same machinery was leased back by Sonu Ltd. to Monu Ltd. The lease back was in nature of operating lease. Explain the accounting treatment as per AS 19 in the following cases: (i) Sale price of Rs. 500 lakhs is equal to fair value. (ii) Fair value is Rs. 450 lakhs and sale price is Rs. 380 lakhs. (iii) Fair value is Rs. 400 lakhs and sale price is Rs. 500 lakhs. (iv) Fair value is Rs. 460 lakhs and sale price is Rs. 500 lakhs.
latest answer
Correct answer below. Please refer and evaluate. Following will be the treatment in the given cases: (i) When sales price of Rs. 500 lakhs is equal to fair value, Monu Ltd. should immediately recognise the profit of Rs. 100 lakhs (i.e. 500 â?? 400) in its books. (ii) When fair value of leased machinery is Rs. 450 lakhs & sales price is Rs. 380 lakhs, then loss of Rs. 20 lakhs (400 â?? 380) to be immediately recognised by Monu Ltd. in its books provided loss is not compensated by future lease payment. (iii) When fair value is Rs. 400 lakhs & sales price is Rs. 500 lakhs then, profit of Rs. 100 lakhs is to be deferred and amortised over the lease period. (iv) When fair value is Rs. 460 lakhs & sales price is Rs. 500 lakhs, profit of Rs. 60 lakhs (460-400) to be immediately recognised in its books and balance profit of Rs. 40 lakhs (500-460) is to be amortised/deferred over lease period.
Sahibdeep Singh
CA Inter
★ 14K+
2
1K+
Time value of money - sinking fund
Maths & Stats
answered on 23-Aug-22 10:32
How did we get rupees 18823? Is it 1/(1.1)â??? But it equals to 6.49506 and if sinking fund 3lac divided by 6.49506 it equals to 46188.94 Is present value formula used or a different one ? Please simply it for me. Thank you
latest answer
Try this and let us know if you still don't get it.
Chris Topher
CA Foundation
★ 5
6
803
Ca inter exam application in ssp portal
Exams
answered on 22-Aug-22 20:45
Did a cpt/foundation route student who is undergoing articleship need to get exam application form approved by auditor?
latest answer
Not needed
Ragul Periyasamy
CA Final
★ 3K+
5
711
Entry
Accountancy
answered on 22-Aug-22 10:24
What is contra entry can anyone explain to me with example and in easy language plzz.
latest answer
Yes
Prathmesh kharul
CA Foundation
★ 3K+
5
484
General
Exams
answered on 22-Aug-22 15:05
In CA foundation, if 3 questions are given out of which we have to write any 2.. and if we write all the 3 answers Does the examiner provide marks for the correct answers or the first two answers??
latest answer
Yes you have to follow the qp Whatever the qp says you have to follow
Monisha KM
CA Inter
★ 825
4
521
How to perform rough work in ca foundation maths exam paper
Others
answered on 23-Aug-22 09:27
Would anybody help me by explaining where and how we can perform rough work in QA exam ???
latest answer
Use the last page of question paper
Aditya Kumar
CA Foundation
★ 310
7
1K+