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Maths & Stats

answered on 25-Jun-21 18:32

Correct or wrong

latest answer

Matrix is the correct answer. Because we are using only the primary information in this matrix in rows and also columns like price, salary, etc... But equations are contained the information of more than one entity or thing.

THARUN KUMAR EKAMBARAM

THARUN KUMAR EKAMBARAM

CA Foundation

18K+

1

603

Charge

Corporate & Other Laws

answered on 01-Jul-21 11:00

If the property on which charge has been created is replaced by some other property, whether it will be covered under modification of charge?

latest answer

Thank you ma'am.

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

2

587

Interim dividend

Accountancy

answered on 25-Jun-21 20:25

How to calculate interim dividend

latest answer

Op bld shares + purchase shares +bonus shares +right shares -sold shares*fv*dividend rate

Triveni Patil

Triveni Patil

CA Inter

290

1

559

Doubt reg. Related party transactions

Corporate & Other Laws

answered on 26-Jun-21 17:30

A private company has related party transactions. While doing its audit, is it sufficient if they disclose in form AOC2 that such transactions are at arm's length price, or should we obtain a separate declaration to that effect?? Please give your suggestion sir.

latest answer

PLease check with your principal as different firms have different policies

Darshini Pandiarajan

Darshini Pandiarajan

CA Final

5

3

793

Doubt reg. Board resolution

Corporate & Other Laws

answered on 25-Jun-21 19:34

Sir, in a private company, should board resolution be passed for borrowing money from the directors??

latest answer

Yes. (Sec: 179) Special resolution required if limit specified in Sec 180 crossed.

Darshini Pandiarajan

Darshini Pandiarajan

CA Final

5

1

607

Expenses

Accountancy

answered on 25-Jun-21 16:20

Please explain this question no 9?

latest answer

Thank you so much.

Vijay K

Vijay K

CA Inter

9K+

2

647

Capital and revenue receipt

Accountancy

answered on 25-Jun-21 12:38

Insurance claim received an account of a machinery damaged by fire. My doubt is why the above incident is capital receipt instead of revenue receipt?

latest answer

Yes! It is capital receipt,As this is a receipt that deals with fixed assets, it falls under capital receipt.

Vijay K

Vijay K

CA Inter

9K+

1

940

Changes in accounting policy

Accountancy

answered on 26-Jun-21 11:57

Why is this not a change in accounting policy? 1 st question in attachment

latest answer

Ok than you sir

Abhishek Purohit

Abhishek Purohit

CA Inter

10K+

10

702

Indian contract act

Corporate & Other Laws

answered on 25-Jun-21 19:36

Doubt I can't understand

latest answer

Ok sir I understand thank u very much

Aswini Gorige

Aswini Gorige

CA Inter

7K+

2

558

Practical question no. 6 of 'Financial statements of companies'

Accountancy

answered on 27-Jun-21 14:23

Why in Notes to accounts under Long term borrowings and short term borrowing it is written as others?? I cannot find any item in question of similar amount.

latest answer

1. Ledger Balance of Other Long Term Loans is given as Rs. 22,50,000. In the additional information point 7, it is given, that Other Long term Loan includes Loan from Nixes Bank 13,80,000 and Loan from Directors 8,50,000. So, that Others is difference between 22,50,000 and (13,80,000 + 8, 50,000) 2. Same goes for Short-term borrowings. Compare amount given in ledger balances and additional info

Sambhav Singh Patel

Sambhav Singh Patel

CA Inter

150

3

532