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Travelling expenses
Accountancy
answered on 08-Nov-21 16:09
What is the treatment of travelling expenses in pre&post incorporation?
latest answer
Unless otherwise specified, Travelling expense is divided on the basis of sales Assuming that travel expense is incurred for sales If additional information is provided we will consider it
sav sav
CA Inter
★ 0
2
520
OPC
Corporate & Other Laws
answered on 10-Nov-21 20:40
In this answer , avg annual turnover is only 1 cr right but Annual turnover is 2 cr. But defn says average annual turnover. Am I right ?
latest answer
The provision has now been amended. An OPC can convert into any other type of company at any time after its incorporation the requirement with respect to paid-up capital and turnover are not applicable any more.
Reetikaa R
CA Final
★ 7K+
1
446
NPO
Accountancy
answered on 09-Nov-21 11:06
My answer is not matching with the given answer. There is a difference of Rs.250 in both Surplus and Balance Sheet. Is my answer right or printing mistake ?
latest answer
Instead of adding Rs.100 as accrued bank interest, we have to add Rs.350 - that explains the difference of Rs.250
Aditya Birla
CBSE XI
★ 4K+
1
644
Journal
Accountancy
answered on 09-Nov-21 11:58
Plzz help me to solve ths..
latest answer
ok nd thank u soo much sir...
Tanya Batra
★ 7K+
4
496
SA 315
Auditing
answered on 08-Nov-21 15:50
Can anyone explain me those four points
latest answer
Thank you so much for clearing the doubt
Harsha vardhan S
CA Final
★ 470
4
750
Economics for finance
Others
answered on 08-Nov-21 12:21
Sir , In individual module subscribtion section can you keep Economics sir frenil D souza as well.?
latest answer
Thank you ma'am
M Naresh
CA Final
★ 3K+
2
575
NPO
Accountancy
answered on 08-Nov-21 12:10
What will be treatment of Establishment (includes Rs.400 for 2013) of Payments side of Peceipt and Payments Account in Income and Expenditure Account ? Sir please reply
latest answer
It indicates some expenditure for establishment. So, in I&E, you will show expenditure of Rs. 5,600 as Rs.400 relates to next year which will go in Assets side
Aditya Birla
CBSE XI
★ 4K+
1
553
Gross total income
Direct Taxation
answered on 08-Nov-21 11:03
Share of profit from AOP is taxable in the hands of individual or AOP?
latest answer
Ok
Gomathi K
CA Final
★ 40K+
2
621
Joint and by products
Costing
answered on 08-Nov-21 22:32
Physical Unit method Average unit cost method Sir, the above method are similer or not?
latest answer
They cleared after studying all these things only
Gayathri K V
CA Inter
★ 13K+
3
508
Ultra vires
Corporate & Other Laws
answered on 10-Nov-21 20:55
Plss tell me wat does last line mean in question 12 i)
latest answer
It basically says, when an act is beyond the powers of the company it is void and cannot be ratified(made official) by the shareholders of the company. However, sometimes the act is beyond the powers but can be made valid or can be ratified at the later date. For instance, a particular act is beyond the powers prescribed by the AOA but within the powers of the company, it may be ratified at a later date.
Reetikaa R
CA Final
★ 7K+
1
483