Forums
Working Capital Mgt. Unit 1
Financial Management
answered on 13-Mar-22 12:52
Illustration 3 of ICAI Mat For calculating debtors, why cost of sales is taken? From my point of view, Debtors pay sales price. So, full sales amount should be taken rather than cost of sales.
latest answer
Cost of sales is considered because that is what the company has invested. Please note that both views are acceptable - sales as well as cost of sales. If however, cost of sales is available, we prefer that.
Ishika Goel 282
CA Final
★ 3K+
1
502
Deposit
Corporate & Other Laws
answered on 14-Mar-22 14:04
What is the meaning of this sentence? 1st paragraph
latest answer
Advance given in legal proceedings or is subject matter of some court i.e. a case is filed wirh regard to it
Sumita Shah
CA Inter
★ 2K+
2
628
Deposit
Corporate & Other Laws
answered on 12-Mar-22 22:12
What is the meaning of black underlined sentence?
latest answer
To the extent of annual salary, it would not be considered as deposit
Sumita Shah
CA Inter
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1
538
Doubt
Indirect Taxation
answered on 14-Mar-22 17:09
What is the difference between distinct person and establishment of distinct person.....?
latest answer
Welcome
Sri kanaga Varshini
CA Final
★ 3K+
9
587
Other services by composition tax payer:-
Indirect Taxation
answered on 12-Mar-22 18:06
Value of any other services = 10% of turnover in state in preceeding FY (or) 5L - whichever is higher. In this sentence, Please explain, what is "value of other service"?
latest answer
In general, service provider cannot opt for regular composition scheme. However, if any trader or manufacturer or restaurant service provider opts for composition scheme he can continue under composition even if he provides any other services provided the value of that other service does not exceed 10% of turnover in state in preceeding FY or 5L whichever is higher.
Girinath A
CA Inter
★ 765
1
578
Exam form
Exams
answered on 13-Mar-22 20:27
In dec 21 attempt I gave Group 1 that time I have given declaration of 9 months completing articleship now I want to give may 22 attempt and I terminated my articleship should I need to still upload declaration... How can I fill form
latest answer
Fresh declaration needed.
Devendra Singh Chundawat
CA Inter
★ 945
5
523
Composition scheme - other services
Indirect Taxation
answered on 12-Mar-22 18:07
FY 18-19:- Turnover from trading = 50L Turnover from other services = 30L Aggregate turnover = 50L or 80L?
latest answer
Aggregate turnover covers all taxable, exempt, inter state and exports on all India basis under same PAN. {Section 2(6)}.
Girinath A
CA Inter
★ 765
2
438
SRO number
Exams
answered on 12-Mar-22 15:49
Will my SRO number change if i have revalidated my ca intermediate registration?
latest answer
No
Ashwathi selvanathan
CA Inter
★ 2K+
1
607
AS - 2 "Valuation of Inventories"
Accountancy
answered on 12-Mar-22 16:23
As per AS -2 "Valuation of Inventories" , Inventory should be valued at lower of __________ whichever is lower. 1. Cost and NRV 2. Cost or NRV Which is correct ? I think option 1 is right , but in the ICAI CA Inter study material , in some areas it is written as "Cost or NRV". Kindly clarify and I hope it is not an irrelevant question. Thanks in advance.
latest answer
No option 2 is correct ..cost or nrv whichever is lower
Avasarala Vivek Aditya
CA Inter
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2
730
Minor
Indirect Taxation
answered on 12-Mar-22 18:12
Can a minor get its business registered under gst
latest answer
Yes if he has obtained PAN.
Gauri Shete
CA Final
★ 5K+
1
630