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Theory questions
Accountancy
answered on 05-Nov-20 20:04
What are the probable chapters from which theory questions can be asked ?
latest answer
Ok Sir
lohita Prava
CA Final
★ 35
2
634
Doubt
Economics
answered on 05-Nov-20 10:33
Sir is this question formation is wrong??
latest answer
Yes
Sri kanaga Varshini
CA Final
★ 3K+
1
595
Discounting of a Provision (AS 29)
Accountancy
answered on 05-Nov-20 10:55
Is there any chance such questions being asked?
latest answer
No.
Kumarjit Dey
CA Inter
★ 4K+
3
658
Preferential creditors Query from Liquidation chapter
Accountancy
answered on 05-Nov-20 22:09
In the solution to this question how come preferential creditor is not Rs 5000 , but 26000 ? Within 12 months supposed to be , right?
latest answer
Ok. Cleared my confusion. Thanks
Kumarjit Dey
CA Inter
★ 4K+
3
801
BC/BF
Indirect Taxation
answered on 07-Nov-20 12:59
Services provided by a business correspondent to a bank in urban area, who will pay gst and who will avail itc?
latest answer
Yes right
Satya Shashank
CA Inter
★ 13K+
5
731
Investment Accounts
Accountancy
answered on 05-Nov-20 18:16
Kindly see the attached question... Dividend is declared for the year ended 31.03.2014 @ 20% i.e. when Sundar had 25000 shares.. and he will receive dividend on them... But later they say that... dividend for shares acquired on 20.06.14 to be adj. against cost.. QUERY: Company declared dividend only for year ended 31.03.2014, then how can we know the dividend % for shares acquired on 20.06.14. In solution study mat has taken 20% here as well...
latest answer
They have assumed that dividends have not been paid on rights and bonus shares which is not a correct assumption. You can make a suitable note in the answers.
Deepak Gupta
CA Inter
★ 1K+
4
743
Doubt
Accountancy
answered on 05-Nov-20 18:12
Please explain point E on this question. The answer to that is True ..how??
latest answer
Ok sir thank you so much
Sri kanaga Varshini
CA Final
★ 3K+
2
620
Presumptive Taxation- Treatment of Partnership Incomes in Hands of partners
Direct Taxation
answered on 05-Nov-20 11:17
A partnership firm that has been allowed presumptive taxation- Will it be allowed to pay salaries and interest on capital to the extent permissible under Income Tax Act, 1961? And will any excess paid (For example; Interest on Capital paid at 15% i.e. 3% more than the limit of 12%) be taxable in the hands of the partner? (The usual treatment is that appropriation would be disallowed and included in income of firm)?
latest answer
Any deduction allowable under the provisions of sections 30 to 38 shall, for the purposes of sub-section (1), be deemed to have been already given full effect to and no further deduction under those sections shall be allowed. There is no taxability of excess interest paid.
Suraj Narayanan
Qualified CA
★ 7K+
1
735
Audit evidence
Auditing
answered on 04-Nov-20 18:05
How is audit evidence "cumulative" in nature ?
latest answer
K thax sir
Swathi Krishna
CA Final
★ 8K+
2
714
Consignment
Accountancy
answered on 04-Nov-20 17:34
In consignment account, goods sent on consignment should be calculated on selling price of cost price??
latest answer
Invoice price or cost price. Depends on the question.
Pooja .
CA Final
★ 210
1
679