Forums
Audit of Trade Receivable
Auditing
answered on 21-Oct-21 02:40
What is meant by Current Year Ageing schedule
latest answer
For example you are conducting an audit of a company of FY 20_21 usually we audit the book of that company in the year 2021 in the month of august or September, so while doing ageing of debtors or trade receivables we check the balance of debtors weâ??re received after the audit period that is After 31/03/2021 till the audit date we check any amount o/s as on the date received and we check the trend of trade receivables and calculate the percentage of ageing for the audited year
Surya Prakash
CA Final
★ 19K+
1
532
What is sec 111a and 112
Direct Taxation
answered on 21-Oct-21 22:59
Doubt
latest answer
In section 111a short term capital gains and its treatment of tax comes....means the tax rate for these type of income is 15% and if there is any deficiency in Normal income to usey bhi hum less kr skte h.....in income me se rebate bhi allowed hoti h but deduction kisi bhi type ka nhi diya jata..... While under 112 is related to long term capital gains and it is taxable@20% Isme se bhi deficiency less kr skte h example: hmare pas bss ltcg ki income h 500000 to isme se hum 250000 normal income ka less kr skte h or bche hue pr tax krenge..... deduction allowed hoti h inpr or rebate bhi milta h agr income 500000 se kam hoti h to
Chandramouli A
CA Inter
★ 720
2
675
General
Others
answered on 20-Oct-21 20:16
I have one month classes in this app.. If I download classes.. Then that classes are remove or not
latest answer
Downloaded videos will play only till the validity of the class. they will not play after classes expire
Roshan Vignesh
CA Foundation
★ 4K+
2
541
Hire purchase
Accountancy
answered on 21-Oct-21 13:56
What would be annuity factor if instead of rupees 1 there is 25 or some other number
latest answer
Annuity value factor is nothing but present value of Rs. 1 amount received for given years discounted at certain rate. Annuity value factor is always calculated in context of Rs. 1
Kalash Ojha
CA Inter
★ 465
3
549
Sale of goods act
Corporate & Other Laws
answered on 20-Dec-21 17:40
What is the mean of 'decree'?
latest answer
For example, We can say that the *court's order* to dissolve partnership.
Rakesh Shah
CA Final
★ 5K+
3
511
Account current
Accountancy
answered on 21-Oct-21 11:39
When to use red ink interest method when it is not given in the question.....
latest answer
Okay mam thx
Aditya A.D
CA Foundation
★ 10K+
4
566
BRS
Accountancy
answered on 20-Oct-21 15:22
Sir when to use adjusted cash book and when not to use adjusted cash If they didn't mention in the question. How to figure whether we should solve by adjusted cash book or not.
latest answer
Fine mam....
Aditya A.D
CA Foundation
★ 10K+
5
584
Doubt
Financial Management
answered on 20-Oct-21 20:25
Please explain this sum
latest answer
OK sir thank you
Miradevi S
CA Final
★ 16K+
6
608
Mcq
Accountancy
answered on 20-Oct-21 17:35
Please explain the 17th question and it's solution.
latest answer
Welcome
Vijay K
CA Inter
★ 9K+
12
595
Capital redemption reserve
Corporate & Other Laws
answered on 22-Oct-21 12:02
If it says that we use capital redemption reserve ac for redemption of preference shares,then y do we use it for issuing bonus shares,I am confused here ,what is it actually used for
latest answer
When we redeem preference shares, it's basically reduction of capital. We are paying shareholders before creditors get paid. So, for protecting interests of outsiders, law says if we are redeeming preference shares without any new issue of equity shares i.e. we are redeeming preference shares out of profits that we already earned during last year(s), we should transfer some profits to an account that can only be used for bonus issu. That is why we open CRR account. So that free reserves don't get distributed as dividend. We want to restrict their use.
Pramod Rajpurohit
CA Inter
★ 0
7
1K+