Forums
Sa 220 and sa 299. Doubt
Auditing
answered on 20-Oct-21 13:54
In sa 299 it says.. that auditor need not to review the work But In sa 220 it says that an auditor must review the work....
latest answer
Accha... Tk... I can understand it...
Vignesh Hari Krishnaa Karthigayan
CA Inter
★ 5
4
816
ITC?paying to one govt..claim ITC in one govt??
Financial Management
answered on 19-Oct-21 15:40
Sir In practical cases..where if we go out for business trip..for example..I am andhra pradesh registered person..went to telengana business trip..and in some cases they charge cgst&sgst(Telangana)..and I'm eligible for taking itc..but by taking input tax credit I'm reducing the liability of sgst(andhra pradesh)...paying tax to one govt and claiming input in one govt is it fair to do like this sir?
latest answer
You cannot use SGST/CGST arising in one state as Input tax iin another state.
vasabattula abhinav
CA Final
★ 85
1
622
Departmental accounts
Accountancy
answered on 20-Oct-21 12:24
L25 time 3:42 why did sir write -1000 near closing stock?
latest answer
As 1000 was marked down on 5000 stock Check point (3) of question
Alan Roy
CA Inter
★ 0
1
666
Income tax portal
Direct Taxation
answered on 19-Oct-21 15:42
Is anyone is facing a issue when registering as CA in IT portal ?
latest answer
New portal has lot many issues. You can just keep trying.
Sahana S
CA Final
★ 25
1
681
Doubt
Accountancy
answered on 19-Oct-21 15:43
can any one please explain in simple language or words terms equity shares, preference shares, debentures and dividends
latest answer
THese are covered in lectures. Equity shares represent the ultimate ownership of a company. Preference shares also represent ownership but a limited one. Debentures are like loans taken. Dividend is share of profit paid to share holders.
sai t
CA Foundation
★ 2K+
1
634
Tips
Corporate & Other Laws
answered on 20-Oct-21 22:43
How penalty and fine related to various provisions can be easily remembered ? Coz,lot of penalties are there...kindly anyone share any tips...
latest answer
Ok mam
Sri Yoga Vishwa. P
CA Final
★ 2K+
5
651
As 2
Accountancy
answered on 19-Oct-21 15:46
I have doubt in By product cost is deducted from total expenses. The selling price is rs.25 Selling price means cost plus profit , In the given question we have deducted the additional cost of rs.6000 and r.4000 If profit s in the selling price , we should also deduct rs. 5000 profit to arrive cost right? Y didnâ??t we
latest answer
Whatever revenue is realised from sale of by product is reduced. Deduction of additional cost is to arriive at the NRV (Net realisable value including profit/loss) at spliit off point.
Susai Yappan
CA Inter
★ 12K+
1
651
Financial statement of not profit organization
Accountancy
answered on 19-Oct-21 14:10
Please clear the amount of 26000 in given question â??
latest answer
This year we received advance subscription which is for next year
NakulRaj Singh
CA Foundation
★ 915
1
656
INDIAN PARTNERSHIP ACT , 1932
Corporate & Other Laws
answered on 19-Oct-21 15:54
If a partner becomes insolvent, he is discharged From relationship with other partners ( partnership) from date of declaration from court. Is his share of goodwill and profit earned until that date along with capital provided by him is given to him ??
latest answer
Insolvency means total liabilities > total assets (including the share from firm). The share would be given to the official receiver.
Varun Mulay
CA Final
★ 39K+
1
584
Bailment
Corporate & Other Laws
answered on 19-Oct-21 09:03
Mam, Please answer both the questions In below photo
latest answer
Thank you
Star Ca
CA Inter
★ 3K+
2
659