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Bank deposits disclosure

Accountancy

answered on 06-Apr-22 16:19

Why bank deposits for 9 months are disclosed separately in the question below while schedule III requires separate disclosure of only such bank deposits that have more than 12 months maturity?

latest answer

Ok sir

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

6

564

Bank Reconciliation Statement

Accountancy

answered on 08-Apr-22 09:46

I can't understand please explain the problem given in March 2022 MTP - 1 q.no. 2(b)

latest answer

Solution is correct

Vijay Kumar Velagapudi

Vijay Kumar Velagapudi

CA Foundation

175

12

705

Acceptance of deposit

Corporate & Other Laws

answered on 05-Apr-22 02:37

Exclusions of deposit Director of the private company is need to give a declaration The word mentioned as private company Then what about public company Does it mean that Director of public company is not required to give a declaration Or Amount received from director of public company is alway considered as deposit

latest answer

Read the sentence once again to get clarity. In this sentence they just mentioned that 1. "The director of the company" in this the term company includes all the private and public companies as it is not mentioned specifically. 2. "or the relative of the director of the private company" in this sentence it just include private company.

Ashfaq Ahmed

Ashfaq Ahmed

CA Final

24K+

1

427

Regarding under or over Absorption of factory overheads

Costing

answered on 05-Apr-22 14:27

What should be the treatment for under or over Absorption of Overheads in cost accounting systems, should we carry forward it or transfer to s Costing p/l

latest answer

Depends on the reasons - if normal factors, then costing P&L if abnormal adjust costs, if seasonal business - carry forward

M C PATIL

M C PATIL

CA Final

5K+

2

773

Cash flow statement

Accountancy

answered on 06-Apr-22 16:52

Is cash flow statement same for accounting standards module and normal accounts module.

latest answer

Now I get the actual answer from the right person ,Thank you sir

SUMANTH MANNAVA

SUMANTH MANNAVA

CA Inter

5K+

4

433

Section 46 of Negotiable Instrument Act - Delivery

Corporate & Other Laws

answered on 05-Apr-22 10:10

If the instrument is delivered to the agent or servant of endorsee, whether it will be called as Actual delivery?

latest answer

Yes. Delivery is actual when the instrument is handed over by one person to another or to his agent. In actual delivery, parting of actual physical possession is indispensable which is not necessary in constructive delivery.

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

1

805

Doubt

Direct Taxation

answered on 05-Apr-22 10:31

what is form 61 A under Income tax act

latest answer

It is a record of the statement of specified financial transactions which must be furnished under the Income Tax Act under section 285BA

Chandramouli A

Chandramouli A

CA Inter

720

1

409

Composition scheme

Indirect Taxation

answered on 01-May-22 11:35

Whether the supplier of Ice cream/Pan masala/Tobacco/ Aerated water can opt for composition scheme as per section 10(2A)?

latest answer

Thank you madam

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

8

708

Investment Decisions

Financial Management

answered on 04-Apr-22 17:10

Sir PLs Explain below sum sir, it is new illustration &also not understanding

latest answer

Thanks sir

Surya Prakash

Surya Prakash

CA Final

19K+

2

566

Advocate services

Indirect Taxation

answered on 04-Apr-22 11:51

Senior advocate providing service to firm of advocates(turnover exceeding registration limit) Is taxable under FCM or RCM

latest answer

yes

KIRAN C

KIRAN C

CA Inter

4K+

3

509