Forums
Partnership accounts
Accountancy
answered on 14-Mar-22 14:29
Can any one explain treatment for INVESTMENT,BANK LOAN, INSURANCE POLICY in below question
latest answer
What's your doubt in this? These are assets / liabilities not taken over and hence will be closed using Business Purchase A/c
Sairam Reddy
CA Final
★ 10K+
1
478
Standard vs Budgeted cost
Costing
answered on 15-Mar-22 11:49
What is the difference between standard cost and budgeted cost?
latest answer
Standard Cost = Budget Cost for Actual Output (Actual Output * Standard Cost Per Unit) Budgeted Cost = Budget Cost for Budgeted Output (Budgeted Output * Standard Cost Per Unit)
Mansha Tutlani
CA Final
★ 555
3
2K+
Rebate u/s 87A
Direct Taxation
answered on 13-Mar-22 20:12
Residual income is 456000 Tax there on is 10300 Capital gain under section 112A is 350000 Tax there on is 35000 In this scenario rebate u/s 87A can be availed or not? If yes, how much can be availed
latest answer
Income exceeded 500000 hence rebate is not allowed as per Sec 87A
Ashfaq Ahmed
CA Final
★ 24K+
1
618
EIS
Information Systems
answered on 13-Mar-22 21:36
How much side headings contribute in EIS exam?
latest answer
Thank you ð???
Anusha narayana
CA Inter
★ 2K+
6
608
AS 11
Accountancy
answered on 13-Mar-22 16:30
If the foreign currency loan is payable in annual instalments, then the exchange difference arising during each year of instalment will be transferred to P/L for each year ending. For e.g., 75 USD payable in 3 equal annual instalments. For the first year ended the exchange difference will be on the basis of 25 USD and that will be transferred to P/L for that year and similar treatment for next 2 years. But in the image below, full exchange difference is transferred in the first year itself as if it was not on instalment basis. Pls clarify.
latest answer
Ok sir thank you
Sibi Srinivasan
CA Final
★ 22K+
3
540
Acc
Accountancy
answered on 13-Mar-22 13:14
amount spent to reduce the working expenses This is R or C exp anyone confirm me with logic ......also pls.......
latest answer
Yes
Balachandar S
CA Inter
★ 59K+
10
528
Correction
Exams
answered on 13-Mar-22 12:52
Hello sir.. Sir ek problem ho gayi hai form fill karte time.. Ham old IPCC ke student the r hmne convert karaya tha new me... Par sir jab form fill kiya to r PDF download to usme UNIT 10 show nhi ho raha...
latest answer
Ok sir
abdullah siddique
CA Inter
★ 250
8
623
Debt equity ratio test( buy back of shares)
Accountancy
answered on 14-Mar-22 17:45
Is unpaid didvidend, current liabilities are debt?
latest answer
Thanks
Subash Chandrabose
CA Final
★ 32K+
6
665
Books
Exams
answered on 13-Mar-22 10:40
Can I refer MAY 2021 CA Inter books for Nov 2022 attempt? For Tax can it be referred , will their be more changes?
latest answer
You can but please note you have to prepare for amendments in Law, GST, Income tax and new problems illustrations in Acc / Adv acc/ costing / FM / ECO & new concepts in EIS,
Swetha S
CA Inter
★ 15K+
3
602
Stat audit?
Auditing
answered on 13-Mar-22 10:40
If any tax audit of company has been done .. we can say statutory audit has also been done??
latest answer
No. stat audit is aper companies act and tax audit is as per income tax act - both are diff
vasabattula abhinav
CA Final
★ 85
1
492