Forums
Redemption of preference shares
Accountancy
answered on 22-Aug-21 20:31
Can a company issue preferences shares or equity shares only to the extent of redeemed amount . Or can it issue exceeding the redeemed value
latest answer
Ok
Susai Yappan
CA Inter
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Types of financing
Financial Management
answered on 19-Aug-21 16:14
difference between internal cash accrual and retai ned earnings
latest answer
Thanks
Shriram Ravichandran
ACCA Skill
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594
McQ
Corporate & Other Laws
answered on 19-Aug-21 05:30
Answer?
latest answer
Option b
Priyanka Udeshi
CFA L1
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636
Answer
Auditing
answered on 19-Aug-21 10:19
Where would I find answer to this in icai module?
latest answer
You can find this also in page 13.56 of the module ( 1st point regarding qualifications of auditor)
Priyanka Udeshi
CFA L1
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608
Audit of education institute
Auditing
answered on 19-Aug-21 10:47
The answer given in IL notes is not similar to that given in ICAI material I mean the points are varying substantially This has not been case in other questions How do we have to approach such questions?
latest answer
We haven't found any differences. Can you please post ICAI points?
Priyanka Udeshi
CFA L1
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606
Consolidated FS
Accountancy
answered on 19-Aug-21 10:41
Please explain the meaning and effects given of adj C and D of Illustration 10 Also, Why is Provision added back to receivables and reserves?
latest answer
We have to adjust provision of doubtful debts it is given that B ltd deducts 1% which means the balance given in question of trade receivables is after adjustment so we did a reverse calculation to find The amount and added it back to reserves and trade receivables The advertisement expenditure is written off Provision is added back because we have to adjust books for consolidation due to different accounting policies read the paragraph given above solution in module.
Priyanka Udeshi
CFA L1
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572
Regarding Articleship registration Form 112
Others
answered on 19-Aug-21 16:51
I have one doubt sir I want to register for articles and I am willing to write CMA Final exams in between my 3 years of CA articleship I don't take any classes and so no timings clash . Now do u need to fill FORM 112 while registering for articleship or can I ignore the FORM 112 will there be any problems in future ?? Please reply sir it is very important to me.
latest answer
Well that is something you have to figure - we cannot comment - we can only state what is as per rule
Enuguru Sai Nithin
CA Final
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2K+
TDS ??
Direct Taxation
answered on 18-Aug-21 23:35
We are having maintenance with a party..like annual maintenance.Where there is no contract no agreement with that party and no amc.But they do maintenance for every month.What should we do in this case? If there is an amc contract then we would deduct tds Under 194c.What to do in this case whether we need to deduct or not ??
latest answer
In this case its also liable for 1 % in case of individual and 2 % in case of other than individual, because as per act its comes under Contract Work Act.
vasabattula abhinav
CA Final
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1
597
80G
Direct Taxation
answered on 20-Aug-21 12:00
Why aren't we deducting short term capital gain from gross total income to calculate qualifying limit under 80G?
latest answer
Thank you!
Mayilvizhi Maan
CA Inter
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579
Doubt
Accountancy
answered on 18-Aug-21 20:32
In the question why are loans and advances taken as assets? How do we identify in such case whether loans and advances are asset or liability?
latest answer
Generally considered assets
Priyanka Udeshi
CFA L1
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756