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Auditing
answered on 03-Sep-21 11:12
Can u pls explain the points b & c in this topic ( topic: fradulent financial reporting)
latest answer
Ok sir understood thank you
Sri kanaga Varshini
CA Final
★ 3K+
6
595
As1
Accountancy
answered on 02-Sep-21 11:52
Is going concern assumption valid in the year 2016-17 ?
latest answer
Here, the going concern assumption is not in doubt for the FY 2016-17 since the assumptions validity is for foreseeable future which is period not exceeding 1yr from the balance sheet date as here the contract is said to expire on 31-03-2018 , therefore for FY 2016-17 going concern assumption is valid.
Chandan Subudhi
CA Final
★ 12K+
2
602
Registration and dissolution of a firm
Corporate & Other Laws
answered on 28-Aug-25 19:09
Can anyone explain the below point
latest answer
You're referring to Section 41 of the Indian Partnership Act, 1932, which deals with Compulsory Dissolution of a partnership firm under Corporate & Other Laws. Here’s a breakdown of what’s written in your image: Compulsory Dissolution (Section 41) A firm must be dissolved (i.e. compulsory dissolution) in the following cases: 1. If all the partners or all except one become insolvent Insolvent means legally declared unable to pay debts (i.e. bankrupt). If all partners are adjudicated insolvent, or - If all except one partner are adjudicated insolvent → Then the firm must be dissolved, because it cannot legally operate anymore. 2. If the business becomes unlawful “Unlawful” means illegal by law. If any event happens that makes the business of the firm illegal, then the firm must be dissolved. Example: A firm doing a legal business like selling a particular chemical. Later, the government bans that chemical. Now the business becomes illegal, compulsory dissolution applies. Exception (Last Paragraph): If the firm carries on more than one business, and only one of them becomes unlawful, → That alone will not dissolve the entire firm. → The lawful part can continue. Example: A firm runs both a liquor shop and a garment shop. If the government bans liquor in that state, the liquor business becomes illegal. But the garment shop (legal business) can still continue. Summary: Compulsory dissolution happens: If all (or all but one) partners are declared insolvent. If the business becomes illegal. But if only part of the business becomes illegal, the rest can continue. To learn more about the dissolution of partnership firms, it is always advisable to consult a leading business compliance consultant like Setindiabiz, etc!
Soumya A
CA Inter
★ 20K+
3
647
Equations
Maths & Stats
answered on 02-Sep-21 10:44
How is y=5 when +1 is still present?
latest answer
When 5/Y= 1, we cross multiply Y with 1 then it becomes Y=5.
Chris Topher
CA Foundation
★ 5
2
687
Equations
Maths & Stats
answered on 02-Sep-21 10:48
X+5/y, how is it expanded to x/y +5/y?
latest answer
Because X and 5 have the common denominator, so if you want to expand you can write as x/y and 5/y or (x+5)/y.
Chris Topher
CA Foundation
★ 5
3
616
Preparation of financial statement
Accountancy
answered on 02-Sep-21 01:28
Sir ,why is the depreciation stated in trial balance not adjusted in provision for depreciation while preparing financial statement,in the following question ?
latest answer
Sorry,got the answer.
Abhishek Purohit
CA Inter
★ 10K+
1
613
T
Direct Taxation
answered on 01-Sep-21 21:23
The tax payable by Dharma LLP on total income of ` 1,01,00,000 for P.Y. 2020-21, is
latest answer
32,24,000
dis likend
CA Inter
★ 2K+
1
2K+
Equations
Maths & Stats
answered on 01-Sep-21 20:21
How did we get 93 when x= 90? Please show me in practical not in theory Thank you
latest answer
x is 9 and it was at tens place. If y is at ones place, x is 3 times y which means y is 3. So, we have 10 x 9 + 3 = 93. Practically, you may check subtract 39 from 93 and answer will be 54
Chris Topher
CA Foundation
★ 5
2
524
Self balancing ledger
Accountancy
answered on 02-Sep-21 10:53
Anyone plz derive the sum? Self balancing ledger Book back sum pg no:406
latest answer
Okie bro
Merfi Mufi
CMA Inter
★ 230
6
825
What is the remedy available
Corporate & Other Laws
answered on 04-Sep-21 16:08
See ques
latest answer
No remedy as no loss has been incurred. As for circumstances, you can detailed answer here in ICAI May 20 RTP - https://resource.cdn.icai.org/57999bos47277p2.pdf pg 15/18
Aman Mahajan
CA Final
★ 19K+
4
661