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Bills receivable explanation
Financial Management
answered on 15-Oct-25 06:46
Let me know if im wrong , but bills receivable dishonoured means that bills receivable which was previously encashed with bank was dishonoured because of lack of payment by the initial debtor . therefore the bank balance will reduce and the debtor will increase . the answer is the same but shouldnt this be the explanation rather than bills receivables increasing ? because bills receivable account already is closed right because of encashing to bank?
latest answer
Bills receivable
Just Enjoy
CA Inter
★ 3K+
1
272
Filing return of income and Section 44AD
Direct Taxation
answered on 15-Oct-25 18:05
Sir, can you please explain how we arrived at Rs. 11.60lakhs?
latest answer
Thank you very much, Sir.
Dhivyaa Latha
CA Inter
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2
216
VIDEO NOT FOUND
Others
answered on 21-Oct-25 15:00
the vdo cannot be viewed kindly see the ss
latest answer
Yes now available
Rithu V
CA Inter
★ 7K+
2
236
Foreign Co. other income tax rate?
Direct Taxation
answered on 15-Oct-25 16:23
Sir, is income tax on other income of foreign co. 35% or 40%? [Video Time Stamp: 04:12]
latest answer
Ok Sir.
Rahul Anand
CA Inter
★ 6K+
2
186
Sec 50
Direct Taxation
answered on 15-Oct-25 16:18
A company sold a machinery for 50lakhs. Wdv of block is 2cr. wdv machine at the time of sale is 45 lakhs. a) Do I need to show 5lakhs as gain on sale of fixed assets under other income in financials of company? b) as there is balance in block after sale. So is this 5 lakh taxable? If taxable then at what rate? As per capital gain or fixed tax rate applicable to company?
latest answer
Exactly. As per Section 50, capital gains would arise only when the block becomes empty or closing WDV is negative.
sandhya chitturi
CA Final
★ 3K+
4
227
Advanced Capital Budgeting - Illu : 25
AFM
answered on 14-Oct-25 17:43
Sir , In the annual fixed cost , why in the equation is it equal to Rs.29,727.50 , instead of Rs.0 , as if the Annual fixed cost increased by 7.8416% the NPV is zero ?
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Thank you Sir
Prethivi Rajan
CA Final
★ 9K+
2
209
Natural resources
CFA
answered on 14-Oct-25 16:08
What is difference between rawland and farmland [Video Time Stamp: 02:04]
latest answer
Raw land is land not used for agriculture
Surya Praveen
CA Inter
★ 0
1
137
interest rate risk management, forward rate agreement formulae
AFM
answered on 14-Oct-25 13:59
sir the numerator in the formulae looks logical since it is pure gain by the forward rate borrower, but why there is a denominator 1+RR(dtm/dy) why they are doing this in the illustration 1 sum, the answer for the numerator coming for me is 4.5lakhs as the gain, but due to the denominator in the formulae it is reducing to 4.39 lakhs, is there any logic behind the formulae [Video Time Stamp: 07:45]
latest answer
Fra
Raghavan Mani
CA Final
★ 355
1
183
NON VESTED IN ILL 4
Accountancy
answered on 17-Oct-25 16:58
Sir, you said that for non vested leaves there will be no cash payment for unused leaves, then we are finding rs 50,000 as employee benefit expense for non vested leave
latest answer
Because the employees can take leave next year. We will still pay them normal salary even if they do not come to work. For this salary paid, we got benefit in previous year. So expense is booked in previous year.
AKASH V
CMA Final
★ 290
1
200
Clause (2), (7) and (8) of part 1 of Second schedule
Auditing
answered on 17-Oct-25 09:32
When a CA issues a certificate without examining books of accounts or related documents, under which clause will be held guilty of professional misconduct? In ICAI's suggested answers most of the times it has used the reference of clause (7) but alternatively clause (8) could also have been referred to. And when do we give the reference of clause (2)?
latest answer
Got it. Thank you!
Yug Bhattad
CA Final
★ 63K+
2
248