Forums
Interest on drawings
Accountancy
answered on 06-Sep-21 16:08
In the firm's point of view, the capital employed by the owner is like a liability. So that the firm is paying interest on the capital to the owner. If we take some money from the firm, it is written as drawings. Drawings is like we are taking our money right. Then why we have to pay the interest on drawings to the firm's? And thank you for your kind help.
latest answer
All the best ! Keep revising on regular basis and also clear all your basics and fundamentals at foundation level so that at later intermediate and final level these doubts will not come and you will understand better
Vijay K
CA Inter
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Rectification of errors
Accountancy
answered on 14-Sep-21 14:01
In sub question 6 , why p&l adjustment is not debited with 1000 ,y only gain on sale is debited??
latest answer
Sale or return basis, we have a separate module on that with Illustrations. Here, I hope above answer clarifies.
Reetikaa R
CA Final
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5
793
Sale of Goods Act, 1930
Corporate & Other Laws
answered on 07-Sep-21 11:06
Here in this question highlighted in the image, J, the principal orders his agent P to sell his( J ) car for a price not less than 50k. But, the agent has actually sold that at 40k as against the order. Law says that the buyer will get a good title to the car. But, J is not satisfied with the sale. Can J sue his agent P for breaking the order? If so, what are the remedies? Here in book, only the effects relating to the buyer is given. The question also provides that the agent has misappropriated the money. Please clear my doubt.
latest answer
Ok sir. Thank you
Sibi Srinivasan
CA Final
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2
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IFHP - interest for pre construction period
Direct Taxation
answered on 06-Sep-21 12:46
How 6600 came?
latest answer
Ok mam...thank you mam
Sri Yoga Vishwa. P
CA Final
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4
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Network virtualisation
Information Systems
answered on 06-Sep-21 16:06
Can " wi-fi hotspot" be an example for network virtualisation?
latest answer
No.. Virtualisation simply means creating something that doesn't exist in real. When you create a Hotspot from your device, it actually is creating something which is real. But let us say, with one network connection, if you can create multiple Hotspots for different individuals then we can call it as Network Virtualisation.
Kumar Sarthak
CMA Final
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1
575
Partnership
Accountancy
answered on 06-Sep-21 13:09
A, B, and C are the partners in a firm. After sometime B and C retires from the partnership. No one is joining in the partnership with A. Now the firm is completely run only by A. So will A be a sole proprietor or a partner of the firm?
latest answer
Ok mam.
Vijay K
CA Inter
★ 9K+
2
584
What is Proviso?
Corporate & Other Laws
answered on 06-Sep-21 07:43
Pls explain
latest answer
Ok sir. Tq
Sibi Srinivasan
CA Final
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3
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Unable to find my city name in list - For CA final Registation
Others
answered on 05-Sep-21 21:06
my city name is not there in list of cities for address on ssp portal...kindly recommend what to do
latest answer
Thanks a lot sir for solving my query at atmost priority. Happy Teachers Day to you ð???
Golji Tripathi
CA Final
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725
Buyback
Accountancy
answered on 05-Sep-21 14:29
can securities premium be used to write off premium on buy back
latest answer
Yes Sec 52 of companies act deals with it. As per sec 52 sec premium can be used to written of premium on buy back
Aman Mahajan
CA Final
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Happy teacher's day
Others
answered on 05-Sep-21 15:22
I really thank for all your support, care and all effort you made to achieve our goal Talented Educated Amazing Cheerful Helpful Efficient Respectful HAPPY TEACHER'S DAY!!!
latest answer
Thank you sir
Miradevi S
CA Final
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2
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