Forums
Rectification
Accountancy
answered on 09-Jul-21 16:24
"B" purchase goods on credit for Rs.50,000 from Ram. He made this entry in sales book instead of purchase book. Why can't we just stick those errors instead of rectifying the errors?
latest answer
Most welcome!
Vijay K
CA Inter
★ 9K+
5
562
Service costing
Costing
answered on 09-Jul-21 14:48
How they arrive this cost??
latest answer
Thenks ð??¹
Sathiya Bama
CA Final
★ 24K+
8
764
Accounts of companies
Corporate & Other Laws
answered on 09-Jul-21 21:26
In the last para last line what does AUDITED ACCOUNTS mean Does is refer to books of accounts of subsidiary???
latest answer
Answered this here: https://1fin.page.link/hX6UXSVitvvUkJLd7
Sai Teja
CA Final
★ 14K+
1
598
Accounts of companies
Corporate & Other Laws
answered on 09-Jul-21 13:27
In the last para last line what does AUDITED ACCOUNTS mean Does is refer to books of accounts of subsidiary???
latest answer
It means audited financial statements of subsidiary
Sai Teja
CA Final
★ 14K+
1
676
Aggregate turnover
Indirect Taxation
answered on 09-Jul-21 13:37
A supplies goods to B for 10000. B pays GST directly to the Government (i.e. on Reverse charge basis) will this 10,000 be included in the Aggregate turnover in respect of A?
latest answer
My pleasure . All the best
Girinath A
CA Inter
★ 765
20
684
Basic
Indirect Taxation
answered on 09-Jul-21 13:45
Why supply to special economic zones are treated like exports?
latest answer
Special Economic Zones (SEZ) and Export Oriented Units (EOUs) schemes are part of export promotion strategy. Special Economic Zone (SEZ) is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. It is set up primarily to promote exports, even GST regime continues to incentivize SEZ units by extending due benefits for their authorized operations.
Girinath A
CA Inter
★ 765
1
686
Basic
Indirect Taxation
answered on 09-Jul-21 12:48
"A" Purchases goods and on that he pays GST Rs. 1500. "A" sold the goods to "B". In the sale transaction the recipient "B" pays GST to "A" Rs. 1800. Likewise, in case of export, why the receipient outside India is not paying GST?
latest answer
GOI encourages export as it improves currency reserves, GDP and balance of trades.
Girinath A
CA Inter
★ 765
5
560
Vindictive or Exemplary Damages
Corporate & Other Laws
answered on 14-Jul-21 10:00
How can a groom or bride can get awarded by damages on breach ? ..Because marriage is not a contract it is a social agreement and cannot be enforced by law.
latest answer
In case of breach of promise to marry and wrongful dishonour of cheque by the banker , vindictive damages can be claimed by the aggrieved party. Even if marriage is a social agreement which is not enforceable in court of law, court may award vindictive damages to aggrieved party in case of breach of promise to marry by party at fault. Court can direct the party at fault to pay vindictive damages to aggrieved party even if marriage is not in the purview of Contract Act as a compensation for mental injury suffered by the aggrieved party.
HARSH BHARGAV
CA Foundation
★ 2K+
2
2K+
SA-700
Auditing
answered on 10-Jul-21 10:03
What is the difference between unmodified and unqualified opinion?
latest answer
Ok thank-you sir
AbithaSuku S R
CA Inter
★ 2K+
5
596
Theoretical distributions
Maths & Stats
answered on 09-Jul-21 11:14
Please refer the image and explain the step that I've marked.
latest answer
The step is derived from the formula which is mentioned on the right hand side
Sibi Srinivasan
CA Final
★ 22K+
1
554