Forums
Final accounts
Accountancy
answered on 12-Dec-21 15:06
Sir the treatment given for provision for discount on debtors is wrong I think?
latest answer
Those adjustments are followed only when those are GIVEN in trial balance. If they are not given in trial balance and given in adjustments instead, then the treatment given in last column will be followed
Soumya A
CA Inter
★ 20K+
4
625
Total computation
Direct Taxation
answered on 12-Dec-21 18:30
If the total income including income under sec 111A, 112 ,112A and casual income doesn't exceed basic exemption limit .. do we need to cal tax on above mentioned incomes under their respective special rates?
latest answer
Pay tax only on casual income at 30%. You can take rebate up to 12500
Pushkala S
CA Final
★ 3K+
1
511
Bank reconciliation statement
Accountancy
answered on 12-Dec-21 13:14
Overdraft balance as per passbook.
latest answer
Thankyou
Ishika Binjrajka
CA Inter
★ 1K+
11
799
Liquidation of company
Accountancy
answered on 13-Dec-21 16:51
Why we are not writing off preliminary expenses and dividend in liquidation final statement sir.
latest answer
Preliminary expenses had already been paid in earlier years. Here it's just the portion which is to be written off. No payment is involved. Here, we already have preference dividend as ledger balance, it means it has already been paid off. So, nothing more to pay
satya nagulapalli
CA Inter
★ 150
3
630
Chapter 12 service costing (illustration 4)
Costing
answered on 13-Dec-21 11:10
Cleaner salay is 3500 per month and in per bus per annum it shows 8400?
latest answer
Rs. 3500 is per month. For total year, it is 3500 x 12 = 42000 There are total 5 buses. For per bus per annum, it is 42000/5 = 8400
Chaya Thakur
CA Inter
★ 12K+
3
472
Threshold limit for registration
Indirect Taxation
answered on 13-Dec-21 10:42
What will be the threshold limit for registration of a person who is from Manipur/Mizoram/Nagaland /Meghalaya carrying a business of suuply of Ice cream / Pan masala /Tobacco? Will it be 10lakhs or 20lakhs?
latest answer
It is 10 lakhs only.
Prajwal RD
CA Inter
★ 250
1
611
Exam
Accountancy
answered on 12-Dec-21 15:09
From where the theory question comes for accountancy..is it book back questions except capital and revenue expenditures?
latest answer
ok bro
Vani
CA Foundation
★ 2K+
2
686
80GGA
Direct Taxation
answered on 12-Dec-21 18:26
If an individual not having PGBP income contributed to any scientific research, whether he can claim deductions u/ 35 or u/s 80GGA?
latest answer
80GGA.
Sri Yoga Vishwa. P
CA Final
★ 2K+
1
531
Slump dale
Direct Taxation
answered on 12-Dec-21 06:59
Why 50000 is reduced from 1.5 lakhs of other assets?
latest answer
See que other information point three,other assets include patent so for patent saparate working is done and value of patent reduced from other assets.
Sri Yoga Vishwa. P
CA Final
★ 2K+
1
521
Consignment
Accountancy
answered on 12-Dec-21 15:02
Sir when the goods are sent on "to pay" then should we treat them as consignors expense or consignee's expense??
latest answer
That's because even if the consignee pays freight , the expense is related to consignor. So it is like consignee paying expense on behalf of consignor. So as it is consignor's expense, we add it ( to-pay freight ) in transit.
Soumya A
CA Inter
★ 20K+
4
510